Institutional Real Estate Newsline
March 19, 2012: Volume 20, Number 12Buy For $65.00 Add to Cart
Cornerstone Holds $500 Final Close for CREF VIII
Cornerstone Real Estate Advisers has held a final close of its Cornerstone Real Estate Fund VIII.
El Paso Commits $9 Million to Partners Group
The $968 million El Paso Firemen & Policemen’s Pension Fund has committed $9 million to Partners Group Global Real Estate 2011.
GTIS Completes Final Closing of Brazil Fund
GTIS Partners, a real estate firm headquartered in New York City with an office in São Paulo, Brazil, held its final closing for GTIS Brazil Real Estate Fund II.
Hawaii Makes Commitments to Real Estate Totaling $45 Million
The $10.7 billion Hawaii Employees Retirement System has made two real estate commitments, totaling $45 million.
Hillwood and Brookfield Partner on Industrial Properties
A partnership between Hillwood Development Co., a Dallas-based real estate investor and developer, and Canadian firm Brookfield Asset Management will deploy up to $1 billion during the next three years.
One Year Passes After Japan Earthquake and Tsunami
One year ago, an earthquake and a tsunami struck the country of Japan, which caused extensive devastation and a threatening radioactive leak. The earthquake and the nuclear power plant accident made a significant impact on the Japanese real estate market. Many Western investors withdrew from Japanese markets and took a wait-and-see attitude.
- Kennedy Wilson Joins with Fairfax
PSERS Approves $225 Million Commitment to Real Estate
The $48 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $75 million each to three real estate funds.
San Francisco Commits $75 Million to Two International Funds
The $15.5 billion San Francisco City & County Employees’ Retirement System (SFERS) has made two real estate commitments worth a total of up to $75 million.
Boston Properties Buys Office Tower In Boston from Bank of America
An affiliate of Bank of America has sold 100 Federal St., a class A office tower located in Boston’s Financial District, for $610 million.
Commercial Real Estate Performance Depends on U.S. Economic Recovery
With the slow progression of the U.S. economic recovery and the Europe crisis pending, commercial real estate in the United States will remain unchanged throughout 2012, unless government entities ratify necessary legislation, according to AEW Capital Management’s U.S. Real Estate 2012 Market Outlook presentation in San Francisco on March 7.