Institutional Real Estate Newsline
October 29, 2012: Volume 20, Number 42Buy For $65.00 Add to Cart
New Mexico Commits $50 Million to Rockpoint
The $15 billion New Mexico State Investment Council (NMSIC) approved a $50 million commitment to the Rockpoint Group’s opportunistic fund, Rockpoint Real Estate Fund IV (RREF IV), at its Oct. 23 meeting.
Westbrook Fund IX Nears Expected Final Close
New York City–based private equity real estate firm Westbrook Partners’ latest fund, Westbrook Real Estate Fund IX, was scheduled to hold a final close on Oct. 27.
Devonshire to Raise $100 Million for Multifamily Fund
Toledo, Ohio–based Devonshire Fund is seeking to raise $100 million in equity for its Devonshire Multi-Family Fund, according to a filing with the Securities and Exchange Commission.
- USAA/Admiral Value-added Fund Nears Expected Final Close
Grain Management Raises $240 Million for Second Infrastructure Fund
Sarasota, Fla.–based Grain Management has raised approximately $240 million for its Grain Infrastructure Fund II, according to a filing with the Securities and Exchange Commission.
- Hines and Boston finalize Transbay Tower project
Macerich Pays $1.25 Billion for Two New York Shopping Centers
The Macerich Co. (NYSE: MAC) plans to acquire two shopping centers in New York state for approximately $1.25 billion.
American Campus Purchases Student Housing Portfolio
American Campus Communities (NYSE: ACC), an owner, manager and developer of high-quality student housing properties in the United States, has bought 19 select student housing properties
Starwood Buys InTown Suites Portfolio for $735 Million
Starwood Capital Group, on behalf of its ninth distressed opportunity fund Starwood Distressed Opportunity Fund IX, has agreed to pay $735 million, including $617 million of existing debt, for the InTown Suites hotel chain from a venture led by Kimco Realty Corp. (NYSE: KIM).
Canada Pension Plan Acquires Interests in Two Australian Assets
The C$161.6 billion ($158.5 billion) Canada Pension Plan Investment Board (CPPIB) has acquired a 37 percent interests in two prime Australian shopping centers, Macquarie Center and Pacific Fair Shopping Center, for A$436 million ($450 million).