Institutional Real Estate Newsline
March 10, 2008: Vol. 15, No. 10Buy For $65.00 Add to Cart
Colony Capital Raises $6.5 Billion in Three Real Estate Funds
Colony Capital has closed three property funds. The closings took place between August 2007 and January 2008.
First Industrial Realty Trust Acquires 61 Acres of Land in Toronto
First Industrial Realty Trust (NYSE: FR) has acquired 61 acres of land for future development in the Toronto market.
HRJ Capital Closes Real Estate Fund of Funds with $155 Million
HRJ Capital has closed its third real estate fund of funds, HRJ Global Real Estate Fund III, with $155 million in equity.
IVG Launches Asian Property Fund of Funds
The IVG Funds division of IVG Immobilien has launched its first closed-end fund of funds focused on Asian real estate.
Principal Forms Silicon Valley Development JV
Principal Real Estate Investors and The Martin Group, a Santa Monica, Calif.–based real estate developer, have formed a joint venture to develop new office projects in the Silicon Valley market of Northern California.
Savanna Investment Management Acquires $120 Million in Debt
Savanna Investment Management has acquired $120 million in debt on seven office, residential and retail properties throughout Connecticut, Manhattan and Long Island, N.Y.
- Whiterock Advisors Launches Canadian Property Fund
AVP Advisors Closes Fund of Funds with $400 Million
AVP Advisors has closed American Value Partners Fund I with $400 million in equity.
- Capella Buys Hospitals for $315 Million