Institutional Real Estate Newsline
March 29, 2013: Vol. 21 No. 13Buy For $65.00 Add to Cart
LACERA commits additional $100 million to Capri Capital Partners
The Los Angeles County Employees Retirement System (LACERA) has approved an additional $100 million commitment to separate account manager Capri Capital Partners.
Massachusetts retirement system issues RFP for core managers
The $75 million North Attleboro (Mass.) Contributory Retirement System (NACRS) is searching for an open-end core or core-plus real estate manager.
FSBA searches for real estate and strategic investments consultant
The $162.3 billion Florida State Board of Administration (FSBA) has issued an RFP for a real estate and strategic investments consultant.
New Mexico Council commits $200 million to infrastructure
The New Mexico State Investment Council has committed $200 million to two separate infrastructure funds.
WHI Real Estate Partners hires managing principal
Jonathan Lulu has joined WHI Real Estate Partners as managing principal.
Korean group to pay $218 million for Chicago office building
Seoul-based Mirae Asset Global Investments Co. has agreed to pay $218 million for a 650,812-square-foot office building at 225 W. Wacker Drive in Chicago.
TMRS invests in core and opportunistic real estate
The $20.8 billion Texas Municipal Retirement (TMRS) has committed $150 million to two real estate funds.
Ferguson hires David Thalhamer as managing director in New York office
Ferguson Partners has appointed David Thalhamer as a managing director based in the company’s New York City office.
Harrison Street commits $375 million to student housing program
Harrison Street Real Estate Capital and Capstone Development Partners have invested $375 million in P3+, a program for universities seeking cost-effective private sector financing and development assistance with their on-campus housing.
BioMed Realty to acquire Wexford Science & Technology for $640 million
BioMed Realty Trust has agreed to acquire Wexford Science & Technology in a deal valued at $640 million. The firm has a 1.6 million-square-foot portfolio of life science properties.
Milestone Apartments REIT raises C$230 million in IPO
Recently launched Toronto-based Milestone Apartments REIT has completed its initial public offering, raising gross proceeds of nearly C$230 million ($226 million), which was used in the C$1.2 billion ($1.2 billion) acquisition of a 52-property multifamily portfolio from Milestone Multifamily Investors, an affiliated entity of Invesco.
Paladin hires new Brazil managing director
Paladin Realty Partners has hired Ricardo Raoul as a managing director and Brazil country head. He will be based in the firm’s São Paulo, Brazil, office.
CalPERS announces first partnership under multi-asset class partners program
The $255 billion California Public Employees’ Retirement System (CalPERS) has committed $500 million with Edinburgh-based Standard Life Investments as part of its multi-asset class partners program.
New Jersey invests $500 million in Asia Blackstone fund
The $72.8 billion New Jersey Division of Investment (NJDOI) has committed $500 million to Blackstone Real Estate Partners Asia.
Westfield sells stakes in Florida malls to O'Connor for $700 million
Westfield Group has sold half its shares in six malls in Florida to O’Connor Capital Partners for about $700 million.