Institutional Real Estate Newsline
September 24, 2012: Volume 20, Number 37Buy For $65.00 Add to Cart
Tishman Speyer Sells Two Alliance Center for $152.3 Million
Tishman Speyer has sold Two Alliance Center, a 30-story office tower in Atlanta’s Buckhead submarket.
Wheelock Street Capital Acquires 15 Hotels for $221 Million
Wheelock Street Capital has acquired a 12-hotel portfolio from affiliates of Inland American Real Estate Trust and, in a separate deal, a three-hotel portfolio from affiliates of Sunstone Hotel Investors (NYSE: SHO) for a combined value of $221 million.
Behringer Harvard REIT I Plans New Houston Office Tower
Behringer Harvard REIT I has plans to develop an office tower at BriarLake Plaza in Houston.
CalPERS Searches for Second Manager for $1.84 Billion Multifamily Program
The $235 billion California Public Employees’ Retirement System (CalPERS) has plans to issue an RFP for a second manager to oversee part of a $1.84 billion U.S. apartment investment program.
CalSTRS and Thomas Properties Purchase Austin Office Portfolio
TPG/CalSTRS Austin, a 50-50 joint venture between the $152.1 billion California State Teachers’ Retirement System (CalSTRS) and Thomas Properties Group, has acquired full ownership of an Austin office portfolio for $859 million.
Iron Point Partners Holds $750 Million Final Close
Iron Point Partners has raised $750 million with its latest fund, Iron Point Real Estate Partners II.
Lionstone Group Raises $98.5 Million for Second U.S. Land Fund
Private real estate investment firm The Lionstone Group has raised approximately $98.5 million for its Lionstone U.S. Land Two fund.
MGPA Purchases First Sydney Office Property for A$105.1 Million
Europe- and Asia-focused private equity real estate firm MGPA has purchased 6–10 O’Connell St. in Sydney for A$105.1 million ($109.8 million) on behalf of MGPA Asia Fund III.
- RCG Longview Launches Fifth Fund in Debt Series