Institutional Real Estate Newsline
July 28, 2008: Vol. 15, No. 28Buy For $65.00 Add to Cart
CPPI Reports Commercial Property Values Continue to Fall
In May, commercial property values fell for the third consecutive month, according to the Moody’s/REAL Commercial Property Price Index (CPPI) — the largest one-month drop since the inception of the index in December 2000.
Harrison Street Fund Raises $430 Million
Harrison Street Real Estate Capital has closed Harrison Street Real Estate Partners II with approximately $430 million in equity.
Invesco Real Estate Buys Hotels in Germany and Sweden
Invesco Real Estate has acquired two hotels in separate forward purchases for a total investment of approximately €230 million ($361 million).
- KBS Sells San Diego Office Complex for $147.9 Million
Liquid Realty Partners Acquires Indirect Interest in U.K. Real Estate Fund
Liquid Realty Partners, which buys interests in private real estate funds, partnerships and trusts on a secondary basis, has invested £30 million ($60 million) to acquire an indirect interest in an unlisted real estate fund in the United Kingdom.
Meinl Stakeholders Approve Restructuring
The restructuring of Meinl European Land Ltd. (MEL) has been approved by MEL’s certificate holders at a meeting July 16.
Perseus Realty Partners Launches $1 Billion Participating Loan Program
Washington, D.C.–based Perseus Realty Partners (PRP) has launched PRP Participating Loan Program, which is designed to provide up to $1 billion in one-stop financing for the development, acquisition or repositioning of office, retail, industrial and multifamily properties throughout the United States.
- Talisman, CPIM Launch European Debt Fund
UBS Global Asset Management Launches Inflation-Linked Property Fund
UBS Global Asset Management’s Global Real Estate business has launched the second in its U.K. family of inflation-linked outcome-oriented funds.
Unlisted Infrastructure Market Increases 429 Percent in Two Years
The unlisted infrastructure market has grown by 429 percent in two years, reports London-based Private Equity Intelligence Ltd. (Preqin), an alternative assets data and analysis provider, in its new publication, The 2008 Preqin Infrastructure Review.