Institutional Real Estate Newsline
November 14, 2011: Vol. 19, Number 46Buy For $65.00 Add to Cart
Fir Tree Raises $628 Million for Real Estate Opportunity Fund II
Fir Tree Partners has held a final close of its Real Estate Opportunity Fund II, with $628 million of committed capital, exceeding its initial target of $500 million.
- General Growth/Kimco Partnership to Redevelop Maryland Mall
Hines Global REIT Acquires Campus at Marlborough
Hines Global REIT has acquired the Campus at Marlborough, a complex consisting of three interconnected office buildings, an amenity building and an undeveloped land tract that has been approved for 650,000 square feet of development in Marlborough, Mass.
Moscow Becomes the Most Attractive European City for Real Estate
Moscow is the most attractive European city for real estate, according to LaSalle Investment Management’s European Regional Economic Growth Index (E-REGI). However, a negative business environment score may continue to deter foreign businesses and investors.
MSIP Sells Its Interest in SAESA Group
Morgan Stanley Infrastructure Partners (MSIP), part of Morgan Stanley Infrastructure, the infrastructure-investing platform of Morgan Stanley, has sold its 50 percent interest in SAESA Group, a Chilean electricity distribution, transmission and generation company.
Opportunity Funds Dominate Quarterly Fund Raising Volume
A total of 18 fund closings registered an aggregate $13.3 billion, the second highest total posted in the past 11 quarters, according to Institutional Real Estate, Inc.’s third quarter 2011 Institutional Real Estate FundTracker.
RREEF Acquires Office Property in Sydney
RREEF Real Estate, the real estate investment management business of Deutsche Bank’s asset management division, has purchased 140 Sussex St. in Sydney for A$84 million ($86 million) on behalf of a European institutional client.
SBCERS Commits $20 Million to Harrison Street
The $1.89 billion Santa Barbara County (Calif.) Employees’ Retirement System (SBCERS) has committed $20 million to Harrison Street Real Estate Capital’s public securities division, Harrison Street Securities (HSS).