Institutional Real Estate Newsline
September 6, 2013: Vol. 21 No. 36Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included office properties in Denver and New York City.
Brookfield Infrastructure invests $490 million in Brazilian toll roads
Brookfield Infrastructure has made an additional investment of $490 million in Arteris S.A., increasing its ownership to approximately 31 percent.
Torchlight raises $420 million for fourth debt fund
Torchlight Investors, formerly ING Clarion Capital, has raised $420 million for its Torchlight Debt Opportunity Fund IV.
Parkway Properties to acquire Thomas Properties in $1.2 billion merger
Parkway Properties and Thomas Properties Group have agreed to merge. Thomas Properties will merge with and into Parkway in a stock-for-stock transaction valued at approximately $1.2 billion.
Brandywine acquires two Philadelphia towers for $331.8 million
Brandywine Realty Trust has paid $331.8 million for two trophy-class high-rise assets located in Philadelphia’s CBD: One and Two Commerce Square.
Kennedy Wilson purchases U.K. retail portfolio for
Kennedy Wilson and Varde Partners have acquired a portfolio of eight shopping centers out of administration for £250 million ($388 million).
Shanghai sees $3.6 billion record land price sale
Well Master International Investment Ltd., a wholly owned subsidiary of Hong Kong’s Sun Hung Kai Properties, has purchased a 24.5-acre plot of land in Shanghai’s Xuhui District for $3.6 billion.
Pension fund invests in Chicago apartment tower
Capri Capital Partners on behalf of the $36 billion Illinois Teachers' Retirement System, has acquired a majority interest in Kingsbury Plaza, an apartment asset in Chicago’s River North neighborhood.
Mesirow launches second multifamily value-added fund
Mesirow Financial has launched a $500 million value-added fund, Mesirow Financial Real Estate Value Fund II, according to a filing with the Securities and Exchange Commission.
CPPIB buys interest in South Korea development for C$118.6 million
Canada Pension Plan Investment Board (CPPIB) has paid C$118.6 million ($113.1 million) for a 50 percent interest in the Samsung SRA Private Real Estate Investment Trust No. 4, a single-asset fund that owns a high-quality grade A office development property in Seoul.
Greystar acquires $460 million portfolio of multifamily assets
Greystar Real Estate Partners has purchased a $460 million portfolio of multifamily assets from Inland American Real Estate Trust.
Gaw Capital Partners creates U.S. entity
Gaw Capital Partners has announced the creation of Gaw Capital U.S. Timothy Walsh will serve as president and COO of the new entity.
Digital Realty Trust buys first property in Japan
Digital Realty Trust has entered the Japanese market by purchasing a 161,459-square-foot site in Osaka, Japan.
Macquarie Mexican REIT buys two retail properties
Macquarie Mexican REIT has agreed to acquire two retail properties in the Mexico City metropolitan area for $153 million.
USAA Real Estate Co. acquires One Riverwalk Place
San Antonio-based USAA Real Estate Co. has acquired One Riverwalk Place, a 261,633-square-foot office property located in its own backyard.