Institutional Real Estate Newsline
June 23, 2008: Vol. 15, No. 24Buy For $65.00 Add to Cart
Eastern Real Estate, Highfields Form $1 Billion JV
Eastern Real Estate and Highfields Capital Management, Boston-based firms, have formed a $1 billion joint venture to acquire high-yield commercial real estate debt, provide preferred equity and purchase high-quality assets.
First Industrial Realty Trust Acquires Land in Joliet, Illinois
First Industrial Realty Trust (NYSE: FR) has acquired 262 acres of land for future development in Joliet, Ill., near Chicago.
Jones Lang LaSalle to Acquire Staubach for $613 Million
Chicago-based Jones Lang LaSalle has agreed to acquire The Staubach Co., a real estate services firm headquartered in Dallas that specializes in tenant representation in the United States.
LACERA Commits $100 Million to Global Hotel Fund
The board of investments of the $41 billion Los Angeles County Employees Retirement Association (LACERA) has committed up to $100 million to Starwood Capital Global Hospitality Fund II, an opportunity fund sponsored by Starwood Capital Group Global.
LaSalle Closes Income & Growth Fund V with $728 Million
LaSalle Investment Management has raised $728 million in equity for LaSalle Income & Growth Fund V, the fifth in its flagship Income & Growth fund series.
MGPA Closes Fund with $5.2 Billion
MGPA, formerly Macquarie Global Property Advisors, has closed MGPA Fund III with $5.2 billion in equity commitments from more than 65 investors, including corporate and public pension funds, insurance companies, foundations, and endowments.