Institutional Real Estate Newsline
March 3, 2008: Vol. 15, No. 9Buy For $65.00 Add to Cart
Canada Pension Plan Opens Hong Kong Office
The Canada Pension Plan Investment Board, which manages the C$119.4 billion ($121.3 billion) Canada Pension Plan (CPP), has opened an office in Hong Kong, the investment board’s first office outside of Canada.
Harbert Management Forms Industrial JVs in Spain, United States
Harbert Management Corp.’s Harbert European Real Estate Fund II has formed a joint venture with Promociona Hispania to develop logistics and industrial properties, primarily in the Madrid region of Spain.
Nationwide Health to Acquire Medical Office Portfolio for $915 Million
Nationwide Health Properties (NYSE: NHP) has agreed to acquire a 2 million-square-foot portfolio of medical office buildings from Pacific Medical Buildings in a multiyear transaction valued at $915 million.
New Jersey Commits $250 Million to High-Return Real Estate
The $81.3 billion New Jersey State Investment Council has committed a total of $250 million to five funds sponsored by Apollo Real Estate Advisors, Prudential Real Estate Investors, Walton Street Capital and Westbrook Partners.
PSERS Approves $92 Million Bridge Loan to Centerline
Centerline Capital Group has asked investors in Centerline High Yield CMBS Fund III LLC for a bridge loan to help it deleverage the fund.