Institutional Real Estate Newsline
September 19, 2011: Vol. 19, Number 38Buy For $65.00 Add to Cart
Astrum Launches $110 Million U.S. Real Estate Fund
Los Angeles–based private equity firm Astrum Investment Management (AIM) has launched its first fund, Astrum Fund I, a core/value-added fund.
CalPERS Targets $800 Million for Investment in California Infrastructure
The $227 billion California Public Employees’ Retirement System (CalPERS) plans to invest $800 million in California infrastructure over the next three years. Investments will be in both public and private infrastructure including, but not limited to, transportation, energy, natural resources, utilities, water, communications and other social support services.
General Growth Refinances a Pair of Malls
General Growth Properties (NYSE: GGP) has refinanced Staten Island Mall in Staten Island, N.Y., and Boise Towne Square in Boise, Idaho, for loan proceeds totaling $413 million at a weighted average interest rate of 4.78 percent.
Owners of Tower 42 Estate Sell Their Freehold Interest
The owners of Tower 42 Estate, BlackRock U.K. Property Fund and LaSalle Investment Management, are selling their freehold interest in the London property.
Sparinvest Raises €200 Million for Fund of Funds
Denmark-based manager Sparinvest Property Investors has closed its value-added global fund of funds, Sparinvest Property Fund II (SPK II), on €200 million ($274 million) in total commitments.
Tishman Speyer Raises $230 Million for Third Brazil Fund
Tishman Speyer has raised $230 million for its third Brazil fund, Tishman Speyer Brazil Fund III, in a first close, which was reported in a filing with the U.S. Securities and Exchange Commission.
Watt Cos. Launches New Acquisition Division
Real estate service company Watt Cos. has launched a new acquisition arm, Watt Investment Partners.