Institutional Real Estate Newsline
May 7, 2012: Vol. 20, Number 18Buy For $65.00 Add to Cart
Forum Partners Closes Third Fund in Series
Forum Partners Investment Management has held a final close for its Forum Asian Realty Income III with $375 million of equity commitments.
Industrial Demand Strengthens as U.S. Economy Recovers
During 2010, the U.S. industrial sector capitalized on the strength of international trade flow, business investment, technology and manufacturing, and was later aided in large measure by the energy sector and the resurgence in consumer demand.
- John Hancock Adds Chicago Office Tower to Its Portfolio
LADWP Seeks Global Real Estate Securities Manager
The $8 billion pension Los Angeles Water & Power Employees’ Retirement Plan has issued an RFP for a global real estate securities manager.
LaSalle Australia Core Plus Fund Acquires The Village Upper Mount Gravatt
LaSalle Australia Core Plus Fund(LACPF) has acquired The Village Upper Mount Gravatt in Brisbane, Australia, for A$33.2 million ($34.2 million).
Paladin Realty Forms Joint Venture to Develop Four Projects in Brazil
Paladin Realty Partners has entered a joint venture with Brazilian home builder YPS, which focuses on developing low- and middle-income housing around São Paulo, Brazil.
Parkway Pays $250 Million for Hearst Tower
Parkway Properties has agreed to pay $250 million for Hearst Tower, a 972,000-square-foot office building in downtown Charlotte, N.C.
Tishman Speyer Closes First RMB-Denominated Fund
Tishman Speyer has closed RMB Real Estate Fund with 1.2 billion yuan ($190.6 million) of equity commitments, its first renminbi-denominated fund raised solely from Chinese investors.