Institutional Real Estate Newsline
August 4, 2008: Vol. 15, No. 29Buy For $65.00 Add to Cart
Parmenter Realty Partners Acquires the Nashville City Center
Parmenter Realty Partners has acquired the Nashville City Center, located in Nashville’s central business district, for an undisclosed price.
Meketa Conducts Global Listed Infrastructure Manager Search
Consulting firm Meketa Investment Group has issued an RFP for firms with experience managing a global listed infrastructure strategy, as well as a proposal to offer this service to one or more of its clients, which were not named.
ABP, Klepierre to Acquire Steen & Strom
A joint venture between ABP, the €205 billion ($320 billion) Dutch pension fund, and French real estate firm Klepierre has agreed to acquire Steen & Strom ASA, the largest shopping center owner and manager in Scandinavia.
- Blackstone to Acquire Stake in Bayview Asset Management
CFTC Clears FTSE EPRA/NAREIT Real Estate Futures for U.S. Investors
U.S. investors will now be able to invest in European real estate derivatives. They may now invest using derivatives trading firm Liffe’s Paris futures contracts based on the benchmark FTSE EPRA/NAREIT Europe and FTSE/EPRA Euro Zone indices, following a recent decision by the Washington, D.C.–based Commodity Futures Trading Commission (CFTC) to allow them to be offered and sold in the United States.
Brookfield Properties Sells Interest in Canadian Office Tower for C$425 Million
Brookfield Properties Corp. has closed on the sale of its 50 percent interest in the TD Canada Trust Tower to OMERS Realty Corp., the co-owner in the building, for C$425 million ($415 million). OMERS Realty Corp. is part of the C$52 billion ($51 billion) Ontario Municipal Employees Retirement System (OMERS).
ING Real Estate Select Launches Global Fund of Funds
ING Real Estate Select, the dedicated property multi-manager business within ING Real Estate, has launched ING Real Estate Select Global Osiris Property Fund, an open-end, core balanced, global fund of funds.
- Kilmartin, Revcap Launch London Fund
Landmark Mixed-Use Complex in Houston Listed After Renovation
The Humble Oil Building, a downtown Houston landmark, has been put up for sale.
- Piedmont Office Realty Trust Obtains $250 Million Unsecured Term Loan