Institutional Real Estate Newsline
August 20, 2012: Volume 20, Number 33Buy For $65.00 Add to Cart
Alex. Brown Realty Closes ABR Chesapeake Fund IV at $276 Million
Alex. Brown Realty has held a $276 million final close for its ABR Chesapeake Fund IV, a value-added fund, exceeding its $250 million original target.
CalPERS Commits $530 Million to Asia Real Estate Funds
The $229.8 billion California Public Employees’ Retirement System (CalPERS) has made a $530 million investment commitment to two new real estate funds that will target investments in China.
Cushman & Wakefield to Acquire Client Services Group
Davis Cos. Acquires Boston Office Building
The Davis Cos. has acquired 24 Farnsworth St. in Boston, a 67,971-square-foot office building located in the city’s Innovation District. The sales price was approximately $13.93 million, according to Real Capital Analytics.
Parmenter Realty Raises $253 Million for Value-Added Fund
Parmenter Realty Partners has closed its fourth investment fund, Parmenter Realty Partners Fund IV, with $253 million raised.