Institutional Real Estate Newsline
August 29, 2011: Vol. 19, Number 35Buy For $65.00 Add to Cart
Blackstone Holds $4 Billion First Close
The Blackstone Group has held the first close for Blackstone Real Estate Partners VII (BREP VII).
CalPERS Approves $200 Million Real Estate Program
The $224 billion California Public Employees’ Retirement System (CalPERS) has approved a $200 million program for emerging real estate managers who have less than $1 billion of assets under management.
CBRE Closes Second Multifamily Fund
CB Richard Ellis Investors has closed Wood Partners Co-Investment Venture 2, a multifamily development sector-specific co-investment fund sponsored by CB Richard Ellis Strategic Partners U.S.
Cole Real Estate Investments Acquires PetSmart Inc.
Cole Real Estate Investments has acquired PetSmart Inc.’s corporate headquarters campus in Phoenix for $102.5 million.
- New Mexico Names New Real Estate Consultant
Oxford Properties to Acquire Metro Toronto Convention Center
Oxford Properties Group, the real estate arm of the Ontario Municipal Employees Retirement System, is finalizing its acquisition of the Metro Toronto Convention Center Complex, a 7.4-acre mixed-use development in downtown Toronto.
- Prologis Sells 2.8 Million-Square-Foot Industrial Portfolio
SOHO China Buys Shanghai Property for $500 Million
SOHO China Ltd., has acquired Shanghai New World Changning Commercial Center for $500 million.
Starwood Buys 18-Property Hotel Portfolio
Hersha Hospitality Trust (NYSE: HT), an owner of upscale and select service hotels in major metropolitan markets, has agreed to sell 18 properties to an affiliate of Starwood Capital Group for approximately $155 million.
- USAA, JLP Partners Launch First Venture