Institutional Real Estate Newsline
August 29, 2014: Vol. 22 No. 35Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest transactions are an office asset in New York City and a retail property in Washington, D.C.
Illinois TRS searches for real estate consultant, commits $300m to real estate
The $43.59 billion Illinois Teachers Retirement System has posted an RFP for a real estate consultant and committed $300 million to real estate.
Savanna acquires controlling interest in Queens high-rise
Savanna and its joint venture partner have acquired a 49 percent partial interest in One Court Square.
LaSalle awarded $1b U.K. property mandate
LaSalle Investment Management has won a £750 million ($1.2 billion) mandate from the U.K.-based Greater Manchester Pension Fund.
CubeSmart buys 26 self-storage assets for $223m
CubeSmart has agreed to acquire 26 storage facilities for $223 million.
Three U.K. hotel portfolios sell for more than $1b
In three separate deals, a total of 168 U.K. hotels were sold for more than £600 million ($1 billion).
Ivanhoé Cambridge sells $1.5b shopping center and office portfolio
Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, has sold a portfolio of shopping centers and office buildings to Cominar REIT.
Rockspring holds third close for U.K. fund
Rockspring Property Investment Managers has announced the third close for its U.K. Value 2 fund, bringing total equity commitments to £150 million ($248.9 million).
MCC Land to buy Singapore mixed-use site for $377.8m
Singapore's Urban Redevelopment Authority has awarded the commercial and residential site at Meyappa Chettiar Road to developer MCC Land.
U.S. property sales volume increases in first half 2014
Sales of individual properties rose 18 percent in the first half of the year, while portfolio transactions increased by 48 percent, according to Real Capital Analytics' 2014 Mid-Year Review.
Rhode Island to invest up to $380m in real estate
The $8.2 billion Employees' Retirement System of Rhode Island is looking to invest $100 million into core real estate in each of the next two years and $180 million into noncore real estate over the next two years.
Carlyle raises $1.9b for energy fund
The Carlyle Group has raised $1.86 billion for its Carlyle International Energy Partners, according to a filing with the SEC.
Shorenstein to buy Aon Center for $270m
Shorenstein Properties is under contract to purchase the Aon Center, a 1.1 million-square-foot office property located on Wilshire Boulevard in Los Angeles.
Columbia Property to buy San Francisco office tower
Columbia Property Trust has agreed to buy 650 California St., located in San Francisco, from joint venture partners Tishman Speyer and Prudential Real Estate Investors.
Hotel occupancy to hit 20-year high
The hospitality industry is on track to hit its highest occupancy levels in 20 years in 2015 due to strong gains this year, according to a report by PricewaterhouseCoopers.