Institutional Real Estate Newsline
July 5, 2013: Vol. 21 No. 27Buy For $65.00 Add to Cart
Recent commercial real estate transactions
The largest completed transactions included a Boston hotel and an apartment complex in Southern California.
CalPERS invests in two emerging managers through Canyon Catalyst Fund
The $258.6 billion California Public Employees Retirement System (CalPERS) has formed two joint venture through its emerging manager program Canyon Catalyst Fund, a $200 million fund with Canyon Capital Realty Advisors.
Jim Hime leaves ADIA
Jim Hime has stepped down as CFO of the real estate department at Abu Dhabi Investment Authority (ADIA), a United Arab Emirates (UAE) sovereign wealth fund.
Fir Tree raises $300 million for its third fund
Fir Tree Partners has raised more than $300 million for its third fund Fir Tree Real Estate Fund III, reaching more than half of its fundraising goal of $500 million.
J.P. Morgan appoints CIO for infrastructure division
J.P. Morgan Asset Management has appointed Matt LeBlanc as CIO for OECD Infrastructure Equity at J.P. Morgan Asset Management – Global Real Assets.
Prologis buys partners' stake in U.S. portfolio
Prologis has acquired its partners’ 72 percent interest in Prologis Institutional Alliance Fund II. The portfolio comprises 52 industrial facilities in the United States.
SEC sues Detroit investment manager for theft
The U.S. Securities and Exchange Commission (SEC) has charged Chauncey Mayfield, the CEO and founder of MayfieldGentry Realty Advisors, and other members of the firm with allegedly stealing $3.1 million from a Detroit pension fund and trying to hide the theft from its investor.
American Realty Capital Properties to buy ARCT for $3.1 billion
American Realty Capital Properties has stated it will buy American Realty Capital Trust IV (ARCT) for $3.1 billion in cash and stock to expand in the net-lease sector.
Hudson Pacific buys four Seattle-area office buildings
Hudson Pacific Properties has bought four Seattle-area office buildings from Spear Street Capital for $367.5 million.
Thayer Lodging buys Ritz-Carlton in San Francisco
Thayer Lodging Group, on behalf of Thayer Hotel Investors VI, has acquired the 338-room Ritz-Carlton San Francisco from Host Hotels & Resorts for $161 million.
Urdang changes name to CenterSquare
Urdang Capital Management, BNY Mellon's real estate investment manager, has changed its name to CenterSquare Investment Management.
American Realty Capital to pay $220 million for office property
American Realty Capital New York Recovery REIT has agreed to acquire the fee simple interest in a midtown Manhattan office building from SL Green Realty Corp. for $220 million.
Thorofare Capital holds final close for lending fund
Los Angeles-based Thorofare Capital has raised $160 million for its fund Thorofare Asset Based Lending Fund II in a final close held June 13.
Capri Capital and Kennedy Wilson acquire apartment property
Capri Capital Partners and Kennedy Wilson have acquired a 100 percent leasehold in Esprit, a luxury, multifamily mixed-use project in Marina del Rey, Calif., for $225 million.
CPPIB acquires Toronto office property
The C$172.6 billion ($164.1 billion) Canada Pension Plan Investment Board (CPPIB) has acquired 1 Queen St. East and the adjoining 20 Richmond St. East property in Toronto from C$129.5 billion ($123.1 billion) Ontario Pension Board for C$220 million ($209 million).