Institutional Real Estate Newsline
September 22, 2008: Vol. 15, No. 36Buy For $65.00 Add to Cart
AMB Property Corp. Acquires Land for Second Phase of Development
Industrial REIT AMB Property Corp. (NYSE: AMB) will acquire 25 acres of land for a second phase of development at AMB Fokker Logistics Park near Amsterdam Airport Schiphol in the Netherlands.
Broadway Partners Sells Property in Boston for $167 Million
Broadway Partners, a New York City–based real estate investment and management firm, has sold 200 State St. in Boston to Munich-based GLL Real Estate Partners GmbH for $167 million, or more than $550 per square foot.
Hines Sells Stake in Two Boston Office Towers
Hines has sold its minority interests in two of its landmark office buildings in Boston — 500 Boylston and 222 Berkeley streets — to its joint venture partner in the properties, Equity Office Properties Trust, which is owned by The Blackstone Group.
ING Clarion Closes Opportunity Fund with $202 Million
ING Clarion Partners has held the final closing of ING Clarion Development Ventures III LP, the third in a series of such funds sponsored by the firm, with $202 million in equity from seven institutional investors.
Legacy Partners Closes $451 Million Real Estate Fund
Legacy Partners has held the final closing of Legacy Partners Realty Fund III with $451.15 million in equity.
Thor Equities Closes Urban Real Estate Fund
Thor Equities Closes Urban Real Estate Fund with $673.15 Million New York City–based Thor Equities has closed Thor Urban Property Fund II with $673.15 million in equity.
Waterton Raises $222 Million for Apartment Fund
Waterton Associates has raised $222 million of equity capital for its apartment investment fund, Waterton Residential Property Fund X.