Institutional Real Estate Newsline
December 17, 2012: Volume 20, Number 48Buy For $65.00 Add to Cart
Harbor Group and affiliates acquire 1 S. Wacker for $221 million
(photo caption) Harbor Group International and its affiliates have acquired the office building at 1 S. Wacker Drive in Chicago for $221 million.
TMRS commits $300 million to core vehicles
The $20.1 billion Texas Municipal Retirement System (TMRS) has increased its core exposure with a total of $300 million in investments to four real estate funds.
Illinois Teachers commits $50 million to China fund, makes appraisal Hires
The $37.5 billion Teachers’ Retirement System of the State of Illinois has committed $50 million to Gateway Real Estate Fund IV, an opportunistic/value-added fund managed by Hong Kong–based private equity real estate firm Gaw Capital Partners.
PSERS commits $150 million to debt funds
The $51 billion Pennsylvania Public School Employees' Retirement System (PSERS) has committed $75 million each to LEM Real Estate High-Yield Debt and Preferred Equity Fund III and Latitude Management Real Estate Capital III.
Oregon commits $100 million to infrastructure
The Oregon Investment Council, which manages the $58.8 billion Oregon Public Employees Retirement Fund (OPERF), has approved a $100 million commitment to Stonepeak Infrastructure Partners, a company spun off from The Blackstone Group’s infrastructure unit.
CBRE forecasts uptick in industrial space demand and rents
The U.S. industrial real estate market is still recovering from the economic downturn, but growth in technology, domestic energy and global trade will help encourage demand in the warehouse and distribution sectors, CBRE Group forecasts.
Rockspring holds final closing for TransEuropean Fund
Rockspring Property Investment Managers has held a final closing for its TransEuropean Property Limited Partnership V.
Parmenter IV makes seventh acquisition
Parmenter Realty Partners has acquired two class A office buildings on Rocky Point in the Westshore submarket of Tampa Bay, Fla.
- Ivanhoe forms partnership with Callahan Capital
Cordea Savills buys two London assets
The London Residential Development Fund, managed by Cordea Savills, has acquired two assets in London’s Chelsea for approximately $64 million.
Blackstone takes over Eagle portfolio
Eagle Hospitality Properties Trust’s secured lender, an affiliate of Blackstone Real Estate Partners VII, has taken ownership of Eagle Hospitality’s entire portfolio of 13 hotels.