Institutional Real Estate Newsline
November 1, 2013: Vol. 21 No. 44Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included a New York City office and a hotel in Florida.
Pramerica closes fourth debt vehicle
Pramerica Real Estate Investors has closed its fourth European debt vehicle, Pramerica Real Estate Capital IV, raising €820 million ($1.1 billion) of total equity commitments.
Brookfield invests $1.4b to increase GGP interest
Brookfield Property Partners has agreed to acquire additional shares and warrants of General Growth Properties for total consideration of $1.4 billion.
RDIF and Caisse des Depots launch Russia-France investment fund
The Russian Direct Investment Fund and Caisse des Dépôts International have launched the Russia-France Investment Fund.
Hines, Goldman partner with Pontiac Land on NYC development
Hines and Goldman Sachs Real Estate Principal Investment Area have partnered with Singapore-based Pontiac Land Group in the ownership of 53 W. 53rd St.
Angelo Gordon gets into the energy business
Angelo, Gordon & Co. has launched a new energy investment business and has hired four executives to lead the effort.
Gaw Capital Partners closes Gateway Fund IV
Gaw Capital Partners has closed its fourth China real estate fund, Gateway Real Estate Fund IV, bringing the fund’s total equity to $1.025 billion, the firm’s largest fund ever.
Partners Group raises $717m for infrastructure fund
Switzerland-based private equity manager Partners Group has closed on $716.5 million for its latest infrastructure vehicle, Partners Group Global Infrastructure 2012.
GTIS Partners closes $716m diversified residential fund
GTIS Partners has held a $716 million final close for its residential real estate investment fund, the largest domestic diversified residential fund the firm has raised to date.
Illinois TRS invests $250m in real estate debt
The 41 billion Illinois Teachers' Retirement System has committed $150 million to Lone Star Real Estate Fund III.
Brookfield closes $7b global infrastructure fund
Brookfield Asset Management has held a final close for its Brookfield Infrastructure Fund II, raising $7 billion. The fund focuses on transportation, renewable power, utilities and energy assets in the Americas, Europe and Australasia.
Angelo Gordon to launch third Asian fund
Angelo, Gordon & Co. has plans to launch a third Asian private equity real estate fund in 2014.
Brookfield commits $750m to Shanghai property portfolio
Brookfield Property Partners and its institutional partners will invest up to $750 million of preferred equity in China Xintiandi, a wholly owned entity of Hong Kong–listed developer Shui On Land.
Plum Creek signs $1.1b timber and development lands deals
Plum Creek Timber Co. has signed a $1.1 billion purchase and sale agreement to acquire approximately 501,000 acres of industrial timberlands, associated wind and mineral assets, and an interest in approximately 109,000 acres of high-value rural and development-quality lands.
Meadow Partners closes opportunistic fund
Meadow Partners has held a final close of Meadow Real Estate Fund II.