Institutional Real Estate Newsline
October 3, 2011: Vol. 19, Number 40Buy For $65.00 Add to Cart
Equity One Sells 36 Shopping Centers to Blackstone for $473 Million
Equity One (NYSE: EQY), a retail REIT based in Florida and New York City, has sold 36 shopping centers comprising approximately 3.9 million square feet of retail space to Blackstone Real Estate Partners VII for $473.1 million.
General Growth Forms JV with CPPIB to Own Two St. Louis Malls
General Growth Properties (NYSE: GGP) and the C$153.2 billion ($148.8 billion) Canada Pension Plan Investment Board (CPPIB) have formed a joint venture partnership to own two major malls in the St. Louis metropolitan area.
Henderson Raises First $105 Million for CASA V
Henderson Global Investors has raised an initial $105 million for its latest U.S. multifamily housing fund, CASA Partners V.
ICA and HSA Launch Real Estate Equity Fund
Commercial mortgage lending specialists Innovative Capital Advisors (ICA) has partnered with Chicago-based HSA Commercial Real Estate, a full-service real estate firm, to launch ICA Real Estate Equity Fund I, a $50 million investment fund seeking commercial real estate acquisition and investment opportunities throughout the Midwest.
- National Storage and Heitman Enter Australian Self-Storage Sector Partnership
North Carolina Commits $510 Million to Real Estate Funds
The $88.5 billion North Carolina Retirement Systems has committed $510 million to real estate, investing in three private equity real estate funds.
- Pennsylvania SERS Makes Blackstone Investment
W. P. Carey & Co. Invests in Italy
W. P. Carey & Co., the global investment management company specializing in corporate real estate financing, has made its first purchase in Italy.