Institutional Real Estate Newsline
October 1, 2012: Volume 20, Number 38Buy For $65.00 Add to Cart
OPIC Commits $100 Million to IndoSpace Park II
Overseas Private Investment Corp. (OPIC), the U.S. government’s development finance institution, has committed $100 million to Indospace Logistics Park II.
Latitude Management Raises $98.2 Million for Debt Fund
Los Angeles–based investment manager Latitude Management Real Estate Investors, formerly Legg Mason Real Estate Investors, has raised approximately $98.2 million of equity for its Latitude Management Real Estate Capital III.
- Hines Forms Partnership to Develop Houston Business Park
Harvest and Grosvenor Create Chinese Real Estate Platform
Hong Kong–based real estate investment management firm Harvest Fund Management Co. and London-based Grosvenor Fund Management have joined together to create a real estate investment management firm, Harvest Real Estate Investment.
Gateway Markets Might Be Less Safe Than Investors Realize
Risk-averse institutional investors have flocked to core assets, but buying class A core properties in gateway markets is not as safe an investment as investors may think, and investors should pursue the opportunities in second-tier cities, according to the research paper When Safe Isn’t Safe: Why Secondary Office/Flex Transactions Present a Compelling Alternative to Core Real Estate Acquisitions in Gateway Cities.
Commercial Real Estate Activity Expectations Down, Housing Market Sentiment Up
Commercial real estate activity is expected to slow, while single-family housing construction begins to increase, according to the Urban Land Institute’s semi-annual ULI Real Estate Consensus Forecast.
CalPERS Selects Manager to Head Real Estate Emerging Manager Program
The $235 billion California Public Employees’ Retirement System (CalPERS) has selected Canyon Capital Realty Advisors to head its new $200 million five-year emerging manager plan.
- Blackstone Selling Irvine Mixed-Use Property
Bay Capital Plans to Launch $400 Million Fund
Hong Kong–based Bay Capital Partners plans to launch a value-added fund, BayCap Asia Partners I, on Oct. 1.
Almanac Extends Final Close Date
Almanac Realty Investors, formerly Rothschild Realty, has extended its final close for its value-added fund Almanac.