Institutional Real Estate Newsline
January 18, 2013: Volume 21, Number 3Buy For $65.00 Add to Cart
Hungerford Properties extends final close date for Western Canada fund
Hungerford Properties has extended its final close date for its Hungerford Properties Western Canada Opportunities Fund to March 31, 2013.
Hunt acquires $1.2 billion Tuckerman platform
Hunt Investment Management has acquired State Street Global Advisors' $1.2 billion multifamily fund platform, The Tuckerman Group.
TCRS invests $55 million in two real estate funds
The $36.3 billion Tennessee Consolidated Retirement System (TCRS) has committed a total of $55 million to two separate real estate funds.
Paul Dolinoy retires from Hunt Investment Management
Paul Dolinoy has retired as executive vice president and managing director of Hunt Investment Management.
J.P. Morgan hires new managing director and client portfolio manager
John Faust has been hired as managing director and client portfolio manager in San Francisco for J.P. Morgan Asset Management – Global Real Assets.
TIAA-CREF appoints two new senior directors
Deborah Ulian and Stephane Marguier have been hired as senior directors with TIAA-CREF’s asset management business development team.
Meridian Groups holds $160 million final close for its D.C. property fund
Meridian Group has closed on its first real estate private equity fund, Meridian Realty Partners I, with $160 million of discretionary capital.
Tokyo Recovery Fund holds $300 million final close
Aviva Investors and Secured Capital Investment Management has held a final close for their Tokyo Recovery Fund.
CITIC Capital raises $475 million for fourth fund
CITIC Capital China Retail Properties Investment Fund, a value-added fund managed by CITIC Capital Real Estate Group, has raised approximately $475 million.
The Dermot Co. appoints new senior manager
Rob Kilroy has joined the Dermot Co., a New York-based multifamily developer, as one of the firm’s senior managers. His responsibilities are to lead strategic growth initiatives that will consider product type and geographic diversification for the company.
Square Mile Partners launches $100 million fund
Square Mile Capital Management has a $100 million opportunistic fund.
Kimco acquires partner's interest in Santee Trolley Square in San Diego
Kimco Realty Corp. has added Santee Trolley Square, a retail property in suburban San Diego, to its consolidated portfolio.
Joint venture makes first acquisition
Madison Marquette and certain funds within Perella Weinberg Partners' Asset-Based Value strategy have acquired The Center Building, a 450,000-square-foot mixed-use commercial property in Long Island City, N.Y., for $84.5 million.
TCDRS commits €40 million to invest in Europe
The $17.6 billion Texas County & District Retirement System (TCDRS) has committed €40 million ($54 million) to Orion European Real Estate Fund IV.
Lennar Plans $1 Billion of Apartments
Lennar Corp. has plans to construct $1 billion of multifamily properties as rental demand climbs.