Institutional Real Estate Newsline
July 26, 2013: Vol. 21 No. 30Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included properties in Washington, D.C., and Manhattan.
Heitman raises additional $506.3 million for open-end fund
Heitman has raised an additional $506.3 million for its core open-end fund Heitman America Real Estate Trust (HART), according to a filing with the Securities and Exchange Commission.
Brookfield closes Strategic Real Estate Partners Fund
Toronto-based Brookfield Asset Management has surpassed its fundraising target for Brookfield Strategic Real Estate Partners, raising $4.4 billion in a final close.
APFC commits $100 million to U.S. industrial
The board of trustees of the $47.4 billion Alaska Permanent Fund Corp. (APFC) has approved a $100 million commitment to U.S. industrial real estate during its July 18 meeting.
Empire sells Safeway properties for $990 million
Empire Co. has sold 68 Safeway properties to Crombie REIT for $990 million in cash. All the properties are located in Western Canada.
BlackRock launches long-lease property fund
BlackRock has raised £250 million ($380 million) for itsU.K. Long Lease Property Fund, which will invest in alternative property assets in the United Kingdom.
Square Mile Capital, USAA launch real estate platform
Square Mile Capital Management and USAA Real Estate Co. have launched a commercial real estate investment platform that will specialize in the origination and acquisition of high-quality secured real estate debt.
Kennedy Wilson and partner purchase Irish portfolio
Kennedy Wilson and an undisclosed partner have completed the purchase of a portfolio of 14 properties in Ireland for €306 million ($405 million).
Capstone, Carlyle venture to buy Manhattan office building for $83 million
A venture of Capstone Equities and The Carlyle Group has agreed to pay $83 million to acquire Manhattan’s 570 Seventh Ave. from Silverstein Properties.
LaSalle holds $431 million close for Japanese logistics fund
LaSalle Investment Management has held a final close of ¥40.8 billion ($431 million) for LaSalle Japan Logistics Fund III.
Aviva Investors launches U.K. commercial real estate debt fund
Aviva Investors has launched a U.K. commercial real estate senior debt fund.
Cordea Savills holds final closing of London residential fund
Cordea Savills has held a final closing for its Prime London Residential Development Fund, which has purchasing power in excess of £200 million ($307 million).
Colony launches third distressed debt fund
Colony Capital has launched a third fund in its distressed credit fund series.
CRPTF searches for core real estate manager
The $25.9 billion Connecticut Retirement Plans and Trust Funds has plans to select an open-end core real estate fund manager.
PATRIZIA U.K. joint venture acquires office and industrial business park
PATRIZIA Immobilien AG and Oaktree Capital Management have acquired IQ Winnersh, a 1.27 million-square-foot business park near Reading, England, for €285 million ($376 million).