Institutional Real Estate Newsline
September 7, 2009: Vol. 17, Number 34Buy For $65.00 Add to Cart
ProLogis Forms Alliance with J-REIT
Denver-based ProLogis (NYSE: PLD) has entered into a partnership with Japanese REIT Japan Logistics Fund Inc. (JLF) and its manager, Mitsui & Co., Logistics Partners Ltd., related to the acquisition of properties from ProLogis’ Japan development portfolio.
Stonemason Holds First Close for $100 Million Real Estate Fund
Stonemason Partners, a full-service commercial real estate company, has completed its initial round of fund raising for Stonemason Partners Fund I.
U.S. Investors Withdraw from European Property Market
U.S. buyers, once the largest players in the European commercial property market, have withdrawn from the market since the credit crunch began, reports CB Richard Ellis.
Union Investment Buys German Shopping Center for €164 Million
Union Investment Real Estate AG has acquired the Mercado shopping center in Hamburg, Germany for €164 million ($233 million).