Institutional Real Estate Newsline
December 3, 2012: Volume 20, Number 46Buy For $65.00 Add to Cart
Lehman Brothers Holdings sells Archstone ownership
Lehman Brothers Holdings is selling its full ownership of the firm’s high-quality apartment properties in major markets for $16 billion, including the assumption of debt, to Equity Residential and AvalonBay Communities.
Texas Permanent increases European exposure
The $25 billion Texas Permanent School Fund has approved a $75 million commitment to AREA European Real Estate Fund IV.
Ontario Teachers plans Hong Kong office
The C$117.1 billion ($118 billion) Ontario Teachers’ Pension Plan (OTPP) will open an Asian regional office in Hong Kong.
Rockspring fund nears final close date
U.K.-based Rockspring Property Investment Managers has a planned final close for its Rockspring TransEuropean Property Limited Partnership.
Sealy & Co. holds first close for strategic equity platform
Sealy & Co., a Dallas-based commercial real estate investment and operating firm, has held a $130 million initial close for its Sealy Strategic Equity Partners.
CalSTRS Invests $650 million in real estate
The $155.4 billion California State Teachers’ Retirement System has committed $400 million to four funds and formed a $250 million joint venture.
AP2 invests $325 million in U.S. properties
The Second Swedish National Pension Fund (AP2), based in Gothenburg, Sweden, is investing $325 million in U.S. Office Holdings.
Norwegian Pension Fund purchases first Swiss property for $1.03 billion
Norway’s $650 billion oil and gas sovereign wealth fund, the Norwegian Government Pension Fund, has purchased its first Swiss property from Credit Suisse in Zurich for $1.03 billion.
DivcoWest buys four-property office portfolio
DivcoWest Properties has purchased a four-property office portfolio in Boston’s Seaport District.
Ivanhoe Cambridge acquires interest in Manhattan office
Canada-based Ivanhoé Cambridge has acquired a 49.9 percent ownership interest in 1411 Broadway, a 40-story office tower located in Manhattan.