Institutional Real Estate Newsline
May 3, 2013: Vol. 21 No. 18Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The two largest completed transactions included an office property in Atlanta and an apartment complex in Washington, D.C.
TA Associates Realty holds $1.56 billion final close for value-added fund
TA Associates Realty has raised $1.56 billion of equity for its 10th value-added fund, TA Realty Associates Fund X.
Ascott REIT to acquire properties in China and Japan for $287 million
Ascott Residence Trust has agreed to acquire three prime serviced residences in China and a stable portfolio of 11 rental housing properties in Japan for $287.4 million.
Mariner holds final close for opportunistic fund
Kansas-based Mariner Real Estate Management has held a $175 million final close for its Mariner Real Estate Partners III.
Argosy raises $26 million for opportunistic fund
Argosy Real Estate Partners has raised $26.8 million for its $200 million Argosy Real Estate Partners III.
Korean investors to pay $348 million for Chicago office tower
The John Buck Co. is teaming up with South Korean investors to buy a 50-story office tower in Chicago’s Loop for $348 million.
CalPERS hires Invesco Real Estate as multifamily real estate manager
The $260 billion California Public Employees' Retirement System (CalPERS) has selected Invesco Real Estate as a new manager for its Multifamily Real Estate Program.
UBS launches $2 billion infrastructure fund
UBS Global Asset Management has a second UBS International Infrastructure Fund, UBS International Infrastructure Fund II, on the market.
Duke pays $311 million for industrial portfolio
Duke Realty Corp. has agreed to pay $311 million for an industrial portfolio totaling 4.86 million square feet of space.
Edge Principal Advisors closes second fund
Edge Principal Advisors has held a $300 million final close of its second fund, Edge Principal Investments II.
Bell Partners holds $200 million final close for fourth fund
Bell Partners has held a final close for its Bell Apartment Fund IV with $200 million of total equity commitments.
Westbrook puts $1 billion NYC portfolio up for sale
Westbrook Partners is reportedly offering for sale a six-building Manhattan portfolio that is expected to fetch about $1 billion.
AT&T's office complex in Atlanta sells for $225 million
Joint venture partners Macfarlan Capital Partners and Cole Real Estate Investments have purchased Midtown Centers I and II in Atlanta from KanAm Group for $225 million.
Pembrook announces final close for PCI Investors Fund II
Pembrook Capital Management has held a final close for its PCI Investors Fund II with approximately $154 million in capital commitments.
Noble Investments closes second hotel fund
Atlanta-based Noble Investment Group has held a final close for the second fund in its hospitality series with $220 million in commitments.