Institutional Real Estate Newsline
March 15, 2013: Vol. 21 No. 11Buy For $65.00 Add to Cart
Harrison Street holds first close for fourth fund in series
Harrison Street Real Estate Capital has held a $465 million initial closing for its fourth fund in its Harrison Street Real Estate Partners opportunistic fund series.
Indiana Public Retirement System invests $100 million in core fund
The $27.1 billion Indiana Public Retirement System (INPRS) has committed $100 million to H/2 Core Real Estate Debt Fund.
GEM Realty Capital seeks $750 million for fifth fund
GEM Realty Capital has recently launched GEM Realty Fund V, the fifth fund in the series.
CalSTRS invests $106 million in real estate
The $155.4 billion California State Teachers’ Retirement System (CalSTRS) continues to invest for its real estate portfolio, making commitments totaling $106 million
Oaktree JV buys $240 million office portfolio
Oaktree Funds has partnered with National Financial Realty to purchase a 40-building, 3.44 million-square-foot office portfolio for $240 million.
TPG Capital to launch property fund with $1 billion target
TPG Capital Management is planning to launch its first real estate investment fund with a target of at least $1 billion. The company expects to start raising money for the fund in the second half of 2013.
Manhattan's 650 Madison Ave. offered for sale
The Carlyle Group has placed 650 Madison Ave., a 27-story, 57-year-old office building, on the market. Reports have placed the tower’s asking price at around $1.3 billion.
General Electric sells $1.5 billion Australian office portfolio
General Electric has sold its $1.5 billion Australian office portfolio to The Blackstone Group
Paladin appoints Alejandro Krell as managing director
Paladin Realty Partners has appointed Alejandro Krell as managing director to lead the firm’s investment and development activities in the Andean region of South America, including Colombia, Peru and Chile.
Madison International raises additional $93.3 million for fifth fund
Madison International Realty has raised an additional $93.3 million for its Madison International Real Estate Liquidity Fund V.
CBRE Global Investors acquires German shopping center in JV with Texas TRS
A fund managed by CBRE Global Investors and the $110 billion Teacher Retirement System of Texas (TRS) have acquired Leine Centre, a shopping center in Laatzen, Germany, for €117 million ($152 million).
Greenland Group and Brookfield to develop mixed-use project in Sydney
Chinese property developer Greenland Group is teaming up with Brookfield Asset Management to redevelop a mixed-use project in Sydney’s central business district.
KKR plans to debut real estate fund
KKR & Co. is preparing to market its first fund dedicated to real estate investments with an initial $500 million committed to the pool.
Freestanding retail and healthcare lead REIT pack in February
In February 2013, equity REITs had a 1.24 percent positive return, according to the FTSE NAREIT All Equity REIT index.
MPG sells California's tallest building for $367.5 million
The US Bank Tower in Los Angeles was purchased by Singapore-based Overseas Union Enterprises for $367.5 million.