Institutional Real Estate Newsline
April 24, 2015: Vol. 23, Number 17Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest transactions were two offices in New York City and an apartment complex in Denver.
Two billion dollar mergers announced with $8b price tag
Two separate firm mergers were announced this week, totaling $8 billion in sales price.
Lone Star holds final close for real estate fund
Lone Star Funds holds $5.5 billion final close.
Retail development growing, Russia number one retail market
Global shopping center development grew during 2014, creating a new market in Europe.
GGP acquires NYC building for $1.8b
General Growth Properties with its partner Jeff Sutton has acquired a Manhattan office property with a $1.8 billion price tag.
Ascendas holds $266m final close for fourth fund
Singapore-based real estate developer and fund manager Ascendas has announced the final closing of its fourth business parks fund.
Houston Firefighters commits $30m to KSL Capital fund
Houston Firefighters’ Relief and Retirement Fund has approved a commitment of up to $30 million to KSL Capital.
NYSTRS commits $75m to industrial fund
The $104.3 billion New York State Teachers' Retirement System has committed $75 million to an industrial fund.
Fosun buys four properties on two continents
China’s Fosun International has acquired four properties on two continents in two separate deals.
Texas Permanent School Fund commits $50m to real estate
The Texas State Board of Education has committed up to $50 million to real estate.
Two infrastructure megafunds hold final closes
Two infrastructure funds have held final closes, each reaching more than $1 billion in equity commitments.
LACERS commits to Gerrity commingled fund
Los Angeles City Employees’ Retirement System has committed up to $20 million a Gerrity Group commingled fund.
TIAA Henderson Real Estate holds first close for debt fund
TIAA Henderson Real Estate has completed a first close for its debt fund.
Rockspring launches European fund
Rockspring Property Investment Managers has announced the launch of its Rockspring TransEuropean VI.
Lubbock Fire commits $10m to real estate fund
Lubbock Fire Pension Fund committed $10 million to The Blackstone Group.