Institutional Real Estate Newsline
January 23, 2012: Vol. 20, No. 4Buy For $65.00 Add to Cart
Brookdale Purchases Dallas Office Complex for $230 Million
The Brookdale Group, an Atlanta-based commercial real estate investment company, has purchased The Towers at Williams Square.
CalPERS Sells Stake in U.S. Housing JV with Japanese Developer
The $223.1 billion California Public Employees’ Retirement System (CalPERS) has sold its interest in a portfolio of 28 housing communities.
CBRE Global Investors Purchases Heritage Creek
CBRE Global Investors, a global real estate investment management firm, has purchased Heritage Creek.
- UDR Forms Second Real Estate Joint Venture with MetLife
Essex and Wisconsin Board Invest in $1.2 Billion Apartment Redevelopment
A joint venture between the $83.8 billion State of Wisconsin Investment Board and Essex Property Trust (NYSE: ESS) has made a seven-year, $175 million preferred equity investment into the $1.2 billion redevelopment of the Parkmerced apartment complex in San Francisco.
DivcoWest Closes Third Fund
DivcoWest has closed its DivcoWest Fund III with a total capital raise of $871 million.