Institutional Real Estate Newsline
February 14, 2011: Vol. 19, Number 7Buy For $65.00 Add to Cart
AXA Real Estate Raises
AXA Real Estate Investment Managers, a unit of AXA Group, has raised an additional €147.5 million ($201 million) in equity for a European development fund.
CalPERS to Adopt New Real Estate Strategy
The $226.5 billion California Public Employees’ Retirement System (CalPERS) plans to adjust its $15.4 billion real estate portfolio to reduce its exposure in value-added and international properties, exit the REIT sector and instead focus on core properties in the United States.
Haddington Ventures to Purchase Continental Gas Storage Deutschland
Haddington Ventures has entered an exclusive agreement with Continental Gas Storage BV (CGS) to purchase that company’s wholly owned subsidiary, Continental Gas Storage Deutschland GmbH (CGSD), through Haddington Energy Partners IV LP, a private equity fund managed by Haddington.
L&B Realty Advisors Approaches Initial Closing for Core Open-End Fund
L&B Realty Advisors is nearing a first close on its new diversified core open-end fund, L&B Core Income Partners LP. Since launching the fund in the summer of 2010, L&B has garnered commitments totaling $275 million from three public pension funds.
LaSalle Investment Management Opens Dubai Office
Chicago-based LaSalle Investment Management has opened an office in Dubai. The firm says the characteristics of the Middle East real estate markets can potentially offer the same opportunities to those seen in Southeast Asia at the beginning of 2001.
San Antonio Plans to Allocate $40 Million to Real Estate
The $1.8 billion San Antonio Fire and Police Pension Fund plans on allocating approximately $40 million into real estate this year.