Institutional Real Estate Newsline
August 9, 2013: Vol. 21 No. 32Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included properties in California and Washington, D.C., acquired by Jamestown Properties.
KTR Capital Partners closes third fund at $1.2 billion
KTR Capital Partners has held a $1.2 billion final close for its third fund, KTR Industrial Fund III.
Equity, AvalonBay prepare to sell German housing unit
Equity Residential and AvalonBay Communities have plans to sell German unit DeWAG Management GmbH, which is valued at €1.3 billion ($1.7 billion) and owns 14,500 residential units in West German cities.
KTB Asset Management sells office building in Seoul
Savills, on behalf of KTB Asset Management, has sold Twin Tree Towers, a class A office building in Seoul, to IGIS Asset Management for $316 million.
ASB Real Estate spends $230 million for its core fund
ASB Real Estate Investments has been adding prime properties to its portfolio on behalf of the Allegiance Fund, its $2.7 billion core real estate vehicle.
Brookfield Property to buy U.S. warehouse business from Kajima
Brookfield Property Partners has bought a U.S. warehouse company from Japan’s Kajima Kajima Corp. in a $1.1 billion deal that will increase its industrial real estate portfolio.
Investor consortium buys Tokyo building for $1 billion
A group including Asia Pacific Land, Abu Dhabi Investment Council, Japan’s Secured Capital Investment Management Co. and C.V. Starr & Co. has purchased the 14-story Shiba Park Building in Tokyo for $1.01 billion.
Northstar wins bid for Singapore
The Northstar Group has made its first real estate–related investment with the buyout of Singaporean brokerage firm ERA Real Estate for S$130 million ($103 million).
LaSalle awarded $500 million global mandate
LaSalle Investment Management has been awarded a €500 million ($665 million) global mandate from Germany’s largest pension fund, the €55 billion ($70 billion) Bavarian umbrella pension scheme.
3i launches new debt fund
3i Group has plans to launch a €300 million ($400 million) European debt fund.
MetLife, SunTrust create $5 billion debt partnership
MetLife and SunTrust Banks have launched a $5 billion debt platform.
American Realty acquires $1.45 billion of net-lease properties
The board directors of American Realty Capital Trust V has approved the acquisition of a $1.45 billion portfolio of net-lease properties.
Los Angeles firm plans to invest $1 billion in Europe
Karlin Asset Management has plans to invest $1 billion in European real estate. The firm recently completed its first European acquisition, buying a U.K. office building.
Morgan Stanley acquires partner's stake in Boston office property
Equity Office Management, an entity of The Blackstone Group, has sold One Post Office Square in Boston to partner Morgan Stanley.
Paladin Realty announces Costa Rica home building platform
Paladin Realty Partners has completed an equity investment in the newly created home building joint venture GVL III. The $10 million partnership is with CSC Management and Development, S.A.