Institutional Real Estate Newsline
August 6, 2012: Volume 20, Number 31Buy For $65.00 Add to Cart
American Assets Trusts Pays $229 Million for Seattle Area Office Tower
American Assets Trust (NYSE: AAT) has acquired City Center Bellevue, a 27-story office tower consisting of approximately 497,000 square feet, located in the central business district of Bellevue, Wash.
- Archon Group Acquires Multifamily Portfolio
Commercial Real Estate Posts Positive Returns in Second Quarter
Institutional real estate investments remained stable in second quarter 2012, according to the NCREIF Property Index (NPI), produced by the National Council of Real Estate Investment Fiduciaries (NCREIF).
NYSTRS Commits $100 Million to Two Real Estate Funds
The $88 billion New York State Teachers Retirement System (NYSTRS) has committed $50 million each to Westbrook Real Estate Fund IX.
Pramerica Real Estate Investors to Manage and Expand U.K. Portfolio
Pramerica Real Estate Investors, the European arm of the real estate investment and advisory business of U.S.-based Prudential Financial, has been appointed by John Lewis Partnership Pensions Trust to manage and expand its portfolio of U.K. property investments.
RREEF Invests $290 Million in Manhattan Retail Condominium
RREEF Real Estate, the real estate investment business of Deutsche Bank’s Asset Management division, has made a $290 million investment in a retail condominium in New York City on behalf of a German institutional investor.
- Sylvan Road Launches to Invest in Single-Family Rental Properties
- TIAA-CREF Acquires Majority Stake in GreenWood Resources