Institutional Real Estate Newsline
May 9, 2011: Vol. 19, Number 19Buy For $65.00 Add to Cart
EIG Holds Final Closing of Energy Fund XV
EIG Global Energy Partners has held a final close of Energy Fund XV. The fund is the largest in EIG’s history and includes capital commitments from 187 limited partners from 13 countries.
First Industrial Closes $178 Million Secured Financing Transaction
First Industrial Realty Trust (NYSE: FR), a Chicago-based industrial REIT, has closed a secured financing transaction with a life insurance company for gross proceeds of $178.3 million.
Hines Closes Sale of Office Tower in Manhattan
The New York City office of Hines has closed the sale of 750 Seventh Ave., a 34-story, 600,000-square-foot office tower located in Manhattan, for $485 million.
Parmenter Realty Holds First Close for Fourth Fund
Parmenter Realty Partners held a first close for its fourth distressed real estate fund, Parmenter Realty Fund IV, with $100 million in equity commitments.
PREI Raises £492 Million for U.K.-based Debt Fund
Prudential Real Estate Investors (PREI) has raised £492 million ($800 million) for its Pramerica Real Estate Capital 1 Fund.