Institutional Real Estate Newsline
May 31, 2013: Vol. 21 No. 22Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The two largest completed transactions included office properties in Denver and Minnesota.
Texas ERS plans $345 million in real estate commitments in fiscal year 2014
The $23.8 billion Texas Employees Retirement System (ERS) has outlined a plan to invest up to $1.13 billion in real estate by 2017.
New Mexico approves European investment
The $15.9 billion New Mexico State Investment Council (NMSIC) has approved a commitment of €50 million ($60 million) to Perella Weinberg Partners’ second pan-European real estate fund.
Tiziana Galassini joins LaSalle Investment Management
LaSalle Investment Management has appointed Tiziana Galassini as COO and head of product development – client capital group. She will be based in London, working closely with LaSalle’s fund managers and fund raising executives around the world.
South Carolina invests in opportunistic real estate funds
The $27.3 billion South Carolina Retirement System Investment Commission (RSIC) has committed $75 million each to two separate opportunistic real estate funds.
LABF approves draft of RFP and commitment
The $1.4 billion Chicago Laborers' Annuity & Benefit Fund (LABF) has approved an RFP to be issued for noncore real estate debt.
CalPERS buys stake in Russian mall
The $260.4 billion California Public Employees' Retirement System (CalPERS) is reportedly buying a minority stake.
OMERS signs £320 million joint venture with Crown Estate
The real estate unit of the Ontario Municipal Employees Retirement System (OMERS) agreed to buy a 50 percent stake in the commercial real estate part of a £320 million ($483 million) London project from Britain’s Crown Estate.
American Realty to buy CapLease in $2.2 billion deal
American Realty Capital Properties is acquiring CapLease in a deal valued at about $2.2 billion.
Kennedy Wilson to purchase 16 Irish properties
Kennedy Wilson has been named as the preferred bidder to buy a €300 million ($390 million) portfolio of Irish commercial property being sold by Treasury Holdings.
NYSCRF's emerging manager program chooses Primestor
Artemis Real Estate Partners, which manages the New York State Common Retirement Fund’s (NYSCRF) $300 million real estate emerging manager program, has partnered with Primestor Development to invest in California.
London's Citi Tower sells for £1 billion
The Irish National Asset Management Agency is selling a stake in the 40-story Citi Tower, one of the largest buildings in London’s Canary Wharf, for £1 billion ($1.5 billion). The buyer is a Middle Eastern investment fund.
CBRE actively invests Strategic Partners U.S. Value Fund 6
CBRE's Strategic Partners U.S. Value Fund 6 has been acquiring properties throughout the United States.
Lone Star raises $2 billion in five months for LS Fund VIII
Lone Star Fund VIII (LS Fund VIII), an opportunistic debt fund managed by Lone Star Funds, has raised approximately $2.07 billion.
Illinois TRS commits $75 million to real estate
The $39.6 billion Teachers' Retirement System of the State of Illinois has committed $75 million to Oaktree Capital Management to invest in real estate.