Institutional Real Estate Newsline
October 22, 2012: Volume 20, Number 41Buy For $65.00 Add to Cart
Hines Holds $210 Million Final Close
Hines has closed its Hines U.S. Office Value-Added Venture III (HUSVAV III) with $210 million of equity.
Ram Real Estate Raises More Than $100 Million for Third Fund
Ram Real Estate has raised approximately $101 million for its Ram Realty Partners III (RRP III), according to a filing with the Securities and Exchange Commission.
Carroll Organization Plans $200 Million Core-plus/Value-added Fund
Carroll Organization, an Atlanta-based owner-operator of multifamily real estate, plans to launch Carroll-Bainbridge, a closed-end core-plus/value-added fund, on Nov. 1.
PREI Raises $805 Million for Its U.S. Debt Fund
Prudential Real Estate Investors (PREI) has held an $805 million final close for its Prudential U.S. Real Estate Debt Fund.
Alcion Ventures Sells New Four Seasons Canadian Flagship Hotel
Boston-based real estate private equity firm Alcion Ventures has completed the development of a hotel project in Toronto for Four Seasons Hotels & Resorts.
CBRE Global acquires Hewlett-Packard Korea Building
CBRE Global Investors has acquired the Hewlett-Packard Korea Building in Seoul, South Korea, on behalf of a club of five Korean investors.
HCP pays $1.73 billion for senior housing portfolio
Long Beach, Calif.–based HCP (NYSE: HCP) has agreed to acquire 133 senior housing communities for $1.73 billion from a joint venture between Emeritus Corp. and Blackstone Real Estate Partners VI.
Times Square development site sells for $430 million
Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley, an investment unit of Vector Group, have completed the $430 million acquisition of their Times Square Gateway Center development site.
Cedar Realty Trust sells Pennsylvania retail portfolio
A joint venture between Vastgood Properties and an affiliate of a fund managed by Prudential Real Estate Investors has acquired a portfolio of seven supermarket-anchored shopping centers in Pennsylvania.
Transwestern purchases 1100 E. Madison St.
Transwestern Investment Management has purchased a land parcel at 1100 E. Madison St. in Seattle with its equity partner, State Farm Life Insurance Co., as the site for a new mixed-use development.
USAA acquires industrial portfolio
A USAA Real Estate Co. affiliate has acquired an industrial portfolio consisting of three class A bulk distribution warehouses.
Starwood Property, Starwood Capital co-originate $475 million loan
Starwood Property Trust and Starwood Capital Group, on behalf of Starwood Distressed Opportunity Fund IX, have co-originated a $475 million first mortgage loan and mezzanine loan for the acquisition and redevelopment of a 10-story retail building located at 701 Seventh Ave. in midtown Manhattan.