Institutional Real Estate Newsline
February 7, 2014: Vol. 22 No. 6Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions include a retail property in Washington state and an industrial property in California.
Industry veterans form Coretrust Capital Partners
Three founding partners of Thomas Property Group have teamed with Charles Toppino, a founding partner of Secured Capital and current president of Oak Pass Capital, to form Coretrust Capital Partners.
Easterly raises $114m for fund targeting government tenants
Easterly Partners has raised $114.4 million for its U.S. Government Properties Income & Growth Fund II.
Global transaction volumes at highest level since 2007
Global commercial property transaction sales were greater than $1.1 trillion in 2013, increasing 27 percent from 2012 and exceeding $1 trillion for the first time since 2007.
Greenland Group buys L.A. plot
Joint venture partners the California State Teachers’ Retirement System and IDS Real Estate Group have sold five parcels in Los Angeles where a billion-dollar mixed-use complex is on the drawing board.
NJDI makes $140m follow-on commitment
The 76.67 billion New Jersey Division Investment has made a follow-on commitment to Wheelock Street Capital's real estate series during its Feb. 3 meeting.
NYSTRS continues investments in noncore strategies
The $95.4 billion New York State Teachers' Retirement System has approved a €147.57 million ($200 million) commitment to The Blackstone Group's Blackstone Real Estate Partners Europe IV.
Miller Global has final close for seventh fund
Miller Global Properties has held a $230 million final close for its Miller Global Fund VII.
Siguler raises $176m for second distressed fund
Siguler Guff & Co. has raised $176.4 million for its Siguler Guff Distressed Real Estate Opportunities Fund II, according to a filing with the SEC.
Latitude fund holds $404m final close
Latitude Management Real Estate Investors has held an approximately $404 million final close on Latitude Management Real Estate Capital III, the latest fund in the firm's first-mortgage bridge loan fund series.
La Francaise and Forum Partners acquire CWI
La Française and Forum Partners have acquired Cushman & Wakefield Investors, the investment management business of Cushman & Wakefield.
DONG sells share in wind farm for £644m
DONG Energy has signed an agreement to sell half of its 50 percent share in the 630-megawatt offshore wind farm London Array 1 to the Caisse de dépôt et placement du Québec for £644 million ($1.1 billion).
Borealis expands interest in Bruce Power for $450m
Borealis Infrastructure has signed definitive agreements with Cameco Corp. to acquire up to a 31.6 percent interest in Bruce Power B for $450 million.
CPPIB enters Peru and opens Brazil office
The Canada Pension Plan Investment Board has made its first investment in Peru and opened an office in São Paulo, Brazil.
Post Oak Energy holds $600m close
Post Oak Energy Capital has held a close for its second fund, Post Oak Energy Partners II, with commitments totaling $600 million.