Institutional Real Estate Newsline
November 8, 2010: Vol. 18, Number 43Buy For $65.00 Add to Cart
Canada Pension Plan and LaSalle Buy German Shopping Mall
The C$129.7 billion ($126 billion) Canada Pension Plan Investment Board (CPPIB) has entered the German real estate market for the first time with the purchase of a shopping mall, Hurth Park, as part of a joint venture with LaSalle Investment Management, for €173.3 million ($241.7 million).
Grubb & Ellis Equity Advisors Terminates Relationship with Grubb & Ellis Apartment REIT
Grubb & Ellis Equity Advisors plans to terminate its affiliates’ advisory and dealer-manager relationship with Grubb & Ellis Apartment REIT due to differences of opinion related to the strategic direction of the REIT.
Illinois Teachers' Performance Exceeds Expectations
The $33.7 billion Teachers’ Retirement System of the State of Illinois (TRS) reported a 13.5 percent rate of return during fiscal year 201.
ING Closes Sale of Stake in Canadian Industrial Portfolio
ING has closed the sale of its 50 percent stake in ING Summit Industrial Fund LP, a Canadian light industrial property portfolio, to a joint venture between KingSett Capital and Alberta Investment Management Corp.
NYSTRS Renews Three Investment Manager's Agreements
The $100 billion New York State Teachers’ Retirement System (NYSTRS) has renewed several of its manager agreements at its quarterly board meeting.
Trinitas Ventures and Harrison Street Form $100 Million Student Housing Venture
Trinitas Ventures LLC, a leading developer and operator of student housing, and Chicago-based real estate private equity firm Harrison Street Real Estate Capital have formed a $100 million joint venture partnership to develop and manage urban-infill student housing communities throughout the United States.