Institutional Real Estate Newsline
June 21, 2013: Vol. 21 No. 25Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest completed transactions included office properties in Los Angeles and Metairie, La.
Illinois TRS commits additional $275 million to real estate
The $39.6 billion Teachers' Retirement System of the State of Illinois (TRS) has confirmed it invested additional capital with GI Partners.
KBS REIT III acquires three office properties for $269 million
KBS Real Estate Investment Trust III (KBS REIT III) has closed on a $269 million purchase of three premier office properties in Dallas and Maryland.
SDCERA issues real estate consultant RFP
The $9.2 billion San Diego County Employees Retirement Association (SDCERA) has issued an RFP for a real estate consultant.
Gaw Capital holds third close for opportunistic real estate fund
Hong Kong-based Gaw Capital Partners has raised a total of $780 million for Gateway Real Estate Fund IV.
Maine PERS commits $25 million to opportunistic fund
The $11.6 billion Maine Public Employees Retirement System (PERS) has made a first-time investment into a fund sponsored by Boston-based High Street Advisors.
Lone Star launches $6 billion real estate fund
Lone Star Funds has launched a $6 billion fund Lone Star Real Estate Fund III.
Empire State Building gets $2 billion offer
Cammeby’s International Grouphas offered to buy the Empire State Building for $2 billion.
Kennedy Wilson raises more than $300 million for U.S. real estate fund
Kennedy Wilson has held a $303 million final close for its Kennedy Wilson Real Estate Fund IV.
Office and hotel sectors show positive growth
Hotel occupancy rates are expected to increase throughout the rest of the year, and the U.S. office market has begun to stabilize, according to Marcus & Millichap’s Second Quarter Office and Hospitality Market Outlook reports.
Hyatt forms JV with developer FSA Group for nine hotels in Brazil
Hyatt Hotels Corp. has formed a joint venture between a Hyatt affiliate and FSA Group S.A. to develop and own nine Hyatt Place-branded hotels in Brazil.
Equity Office sells Massachusetts office property for $216 million
Equity Office and The Blackstone Group have sold the New England Executive Park in Burlington, Mass., to Charles River Realty Investors and National Development for $216 million.
Riverstone raises $6.8 billion for global energy fund
Private equity firm Riverstone Holdings has held a $6.8 billion first close for its Riverstone Global Energy & Power Fund.
CITIC Capital's China retail fund exceeds $600 million target
CITIC Capital Holdings has raised $683 million for its fourth real estate fund, CITIC Capital China Retail Properties Investment Fund.
Brookfield sells timber firms for $2.65 billion
Brookfield Asset Management has agreed to sell both Longview Timber and Longview Fibre Paper and Packaging in two separate transactions for $3.675 billion.