Institutional Real Estate Newsline
July 11, 2011: Vol. 19, Number 28Buy For $65.00 Add to Cart
Chicago Teachers Hires Two Value-Added Real Estate Managers
The $10.2 billion Public School Teachers’ Pension & Retirement Fund of Chicago has selected CityView and Greystar Capital Partners as finalists for its $25 million value-added real estate manager search.
CNL Fund to Invest $3 Billion in Commercial Real Estate
CNL Financial Group has plans to raise $3 billion for CNL Properties Trust Inc., which will be a public nontraded REIT, to invest in multiple asset classes, including senior living, healthcare, lifestyle, lodging and specialty properties in the United States.
Cole Real Estate Investments Acquires Properties
Cole Real Estate Investments has acquired three high-quality office and industrial properties totaling $72.1 million.
CPPIB Acquires 50 Percent Interest in Hong Kong Interlink
The Canada Pension Plan Investment Board (CPPIB) has acquired 50 percent of the shares in Hong Kong Interlink, an industrial facility currently under development in Tsing Yi, Hong Kong.
Forest City, NREA Recapitalize Two NYC Apartment Buildings
Forest City Enterprises and National Real Estate Advisors (NREA) have announced recapitalizations and modified credit facilities for 8 Spruce St., a 903-unit apartment high-rise in lower Manhattan, and DKLB BKLN, a 365-unit apartment building in Brooklyn.
Morgan Stanley, Lincoln Property Buy SoCal Office Property for $320 Million
Morgan Stanley Real Estate Investing (MSREI) and Lincoln Property Co. have become the new owners of the Parsons Campus, a 950,000-square-foot office property in Pasadena, Calif., from the Parsons Corp., an engineering and construction firm.