Institutional Real Estate Newsline
December 5, 2011: Vol. 19, Number 46Buy For $65.00 Add to Cart
CCCERA Commits $205 Million to Opportunistic Funds
The $4.85 billion Contra Costa County (Calif.) Employees’ Retirement Association (CCCERA) has committed $280 million into four real estate funds.
Cousins Properties Buys Atlanta Office for $134.7 Million
Cousins Properties (NYSE: CUZ) has purchased Promenade Two, a 774,000-square-foot, class A office building located in Atlanta for $134.7 million in cash.
HOOPP Acquires 33 Acres for $300 Million Construction Project
Healthcare of Ontario Pension Plan (HOOPP) has acquired a 33-acre site in the Airport Corporate Centre (ACC), a business park located in Mississauga, Canada.
Maryland Retirement Closes Direct Equity Real Estate Program
The Investment Division of the Maryland State Retirement Agency (SRA) has successfully closed its 20-year-old Direct Equity Real Estate Program with the recent sale of the three remaining properties in its portfolio: Kentlands Square Shopping Center in Gaithersburg, Md.; Severna Park Marketplace in Severna Park, Md.; and Cranberry Square in Westminster, Md.
MGPA Holds First Close for Fourth Europe Fund
MGPA has held a first close for MGPA Europe Fund IV with equity commitments of $100 million.
Ohio BWC Seeks Core Real Estate Manager
The $21.9 billion Ohio Bureau of Workers’ Compensation (BWC) has plans to issue an RFP for core open-end commingled real estate fund investment management services.
PREI Acquires Class A Chicago Office Property for $183.5 Million
Prudential Real Estate Investors (PREI) has acquired 22 W. Washington, a class A office building located in downtown Chicago’s Central Loop for $183.5 million.