Institutional Real Estate Newsline
September 20, 2013: Vol. 21 No. 38Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included retail purchases by Alexander & Baldwin and Rubenstein Real Estate.
SFERS approves $25 million follow-on investment
The San Francisco Employees' Retirement System (SFERS) has confirmed its approval of a $25 million follow-on investment in Pyramis Global Advisors' Fidelity Real Estate Opportunistic Income fund.
The Townsend Group raises $252.3 million for first opportunistic fund
The Townsend Group has raised $252.3 million for its Townsend Real Estate Alpha Fund I.
CRPTF plans to commit $250 million to open-end core funds
The $26.8 billion Connecticut Retirement Plans and Trust Funds (CRPTF) has decided to make commitments to three open-end core funds.
European real estate investment managers to merge
Paris-based BNP Paribas Real Estate has announced the acquisition of Munich-based iii-investments GmbH, a subsidiary of HypoVereinsbank, UniCredit Group.
Standard Life Investments launches Canadian real estate fund
Standard Life Investments has announced the first closing of a new Canadian Real Estate Fund, raising C$77 million ($78.9 million) in initial equity.
Starwood Property Trust looks to acquire single-family management unit
Starwood Capital Group is planning to buy the management unit of Waypoint Homes.
Madison holds $350.4 million final close
Madison Realty Capital has held a final closing for its Sullivan Debt Fund with $350.4 million, surpassing its $300 million target.
Savanna Partners raises $105.3 million for third value-added fund
Savanna Partners has raised $105.3 million for its Savanna Real Estate Fund III.
Asian investor commits to AEW U.K. Core Property Fund
An undisclosed Asian investor, advised by The Townsend Group, has invested £20 million ($32 million) in the high-yielding AEW U.K. Core Property Fund managed by AEW U.K., marking the fund's first Asian investor.
PCCP launches $1 billion debt fund
PCCP has launched a sixth fund, PCCP Credit VI, with a $1 billion fundraising goal.
RCG Longview raises $172 million for its fifth debt fund
RCG Longview has raised $172 million for its RCG Longview Debt Fund V, according to a filing with the Securities and Exchange Commission.
Westfield Group sells U.S. malls for $1.6 billion
Westfield Group has sold major stakes in seven of its U.S. shopping malls for $1.6 billion.
AXA Real Estate appoints head of asset management and transactions for the United States
AXA Real Estate Investment Managers has appointed Steve McCarthy to U.S head of asset management and transactions.
Wharton Properties pays $327 million for Manhattan property
Wharton Properties is in contract to buy the three buildings at 530 Broadway from Thor Equities for $327 million.