Institutional Real Estate Newsline
May 17, 2013: Vol. 21 No. 20Buy For $65.00 Add to Cart
Hines sells three Southern California buildings for $550 million
Hines has entered into a contract with GI Partners to sell three properties in Southern California for approximately $550 million.
CalSTRS looks for real estate portfolio manager
The $161.4 billion California State Teachers' Retirement System (CalSTRS) is looking for a real estate portfolio manager.
Recent commercial real estate acquisitions
The two largest completed transactions included an office in Watertown, Mass., and a hotel in San Jose.
DDR Corp. takes full control of Blackstone JV for $1.46 billion
DDR Corp. will pay $1.46 billion for a 95 percent stake in 30 shopping centers the REIT owns in a joint venture with The Blackstone Group.
LatAm IV makes Brazilian residential investment
Paladin Realty Latin America Investors IV has completed an investment in the newly created home building joint venture A-PIMA II.
Aberdeen Asia nears final close for third Asia fund
Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31, 2013.
Kayne Anderson nears final close for third fund
Kayne Anderson Capital Advisors has planned a final close for its Kayne Anderson Real Estate Partners III on May 31, 2013.
LaSalle launches fourth Canadian real estate fund
LaSalle Investment Management has launched LaSalle Canadian Income & Growth Fund IV, which has a $250 million fundraising goal.
Pathfinder extends final close for residential fund
Pathfinder Partners LLC has extended its final close for its Pathfinder Partners Opportunity Fund IV to Aug. 31.
International Farming Corp. fund nears final close
International Farming Corp. has planned a final close for its U.S. Farming Realty Trust II on May 31, 2013.
CBRE Global Investors Fund acquires San Jose Hotel
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has acquired the San Jose Marriott Hotel, a 506-room, class A full-service hotel in downtown San Jose.
La Française Real launches €150 million open-end fund
La Francaise Real Estate Managers has launched LFP Immo SR 2, an open-end fund with a €150 million ($190 million) equity target.
Brookfield's Brazilian timber fund exceeds fundraising goal
Toronto-based Brookfield Asset Management has raised approximately $270 million for its Brookfield Brazil Timber Fund II (BBTF II).
Oaktree raises $710 million for sixth distress fund
Oaktree Capital Group has raised $710.3 million for its Oaktree Real Estate Opportunities Fund VI.
J.P. Morgan raises $100 million for second Asian infrastructure fund
J.P. Morgan Asset Management has raised approximately $100 million for its J.P. Morgan Asian Infrastructure & Related Resources Opportunity Fund II US.