Institutional Real Estate Newsline
October 4, 2010: Vol. 18, Number 38Buy For $65.00 Add to Cart
Australian Retail Assets to Change Hands for $473 Million
CFS Retail Property Trust (CFX), an Australian listed property trust, has agreed to acquire four retail outlet centers from Austexx Proprietary Ltd.’s Direct Factory Outlet (DFO) for A$498 million ($473 million).
Boston Properties to Expand Portfolio in New York City, Boston
Boston Properties (NYSE: BXP) has finished a property transaction from an affiliate of Harry Macklowe for a purchase price of approximately $275 million.
Brookfield Properties Completes Australian Acquisition
Brookfield Properties Corp. has completed its acquisition of 16 Australian office properties from Brookfield Asset Management.
Cornerstone Refinances Two Apartment Properties
Holliday Fenoglio Fowler (HFF), has arranged refinancing totaling $109 million for two class A multifamily communities, Pacific Place Apartments in Los Angeles and Glenview House Apartments, located in Stamford, Conn., on behalf of Cornerstone Real Estate Advisers.
- Generation Estates, Carlyle Form U.K. Student Housing Venture
- Pramerica Real Estate Investors Sells Interest in Hong Kong Office Tower
PRECP Launches Global Real Estate Investment Fund
London-based Pacific Real Estate Capital Partners (PRECP) has launched a new open-end property fund to invest in a global portfolio of diversified real estate investments.
PREI Latin America Fund Closes with $293.3 Million
Prudential Real Estate Investors (PREI) has raised $293.3 million for closed-end commingled fund PRUMEX Industrial III, which was below its target amount of $550 million.
Strategic Hotels & Resorts to Sell the InterContinental Prague
Strategic Hotels & Resorts (NYSE: BEE) has signed an agreement for the sale of the InterContinental Prague to Westmont Hospitality, an affiliate investment group, for approximately €110.6 million ($149 million).
Townsend Group Analysis Finds Challenging Fund-Raising Environment
Recent data released by The Townsend Group indicates that private equity real estate fund sponsors are facing strong competition and a challenging fund-raising environment.
Wells Real Estate Funds Launches REIT
Wells Real Estate Funds, a national real estate investment firm, has launched Wells Core Office Income REIT, a nontraded REIT that will invest primarily in high-quality office properties nationwide.