Institutional Real Estate Newsline
May 24, 2013: Vol. 21 No. 21Buy For $65.00 Add to Cart
Mexican REIT purchases industrial properties for $600 million
Terrafina, a Mexican REIT advised by Prudential Real Estate Investors, will purchase a portfolio of Mexican industrial properties from Kimco Realty Corp. and its joint venture partner, American Industries, for about $600 million.
Asieh Mansour to retire from real estate research industry
Asieh Mansour has announced her departure as head of Americas research at CBRE, where she was based in the firm's San Francisco office.
Bentall Kennedy appoints new senior vice president
Steve Lekki has been appointed senior vice president at real estate manager Bentall Kennedy within the portfolio management group.
Recent commercial real estate acquisitions
The three largest completed transactions included office properties in New York City, Chicago and Los Angeles.
Blackstone, Prologis acquire industrial portfolio
The Blackstone Group and Prologis have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Bros. for about $960 million.
Two Chicago office towers to sell for more than $500 million
CBRE Global Investors has agreed to pay about $300 million for the 50-story tower at 181 W. Madison St. in Chicago and has sold the 40-story tower at 190 S. LaSalle St. in Chicago for approximately $211 million.
Westfield in talks to sell seven U.S. malls to Starwood
Australia’s Westfield Group is in talks to sell seven U.S. shopping malls to private real estate investment company Starwood Capital Group for more than $1 billion.
Rubenstein Partners raises $215 million for second office fund
Rubenstein Parners has raised $215 million for its Rubenstein Properties Fund II.
New Jersey invests $395 million in European vehicles
The $73.67 billion New Jersey Division Investment has committed approximately $395 million to three European real estate funds.
BlackRock to acquire MGPA
BlackRock has agreed to acquire MGPA, making it a $25 billion global real estate investment manager.
Duke Realty puts 17-property office portfolio up for sale
Duke Realty Corp. is putting 17 office buildings in Cincinnati, Cleveland and St. Louis on the market.
Kimco sells of Mexican shopping center portfolio
Kimco Realty Corp. has closed on the sale of a nine-property Mexican shopping center portfolio to a local real estate operator for $274 million.
Blackstone buys Potomac warehouses for $241.5 million
The Blackstone Group has purchased 23 industrial properties in Maryland, Virginia and the Washington, D.C., metropolitan area from First Potomac Realty Trust for $241.5 million.
Morgan Stanley plans $4 billion infrastructure fund
Morgan Stanley’s infrastructure investment unit plans to seek $4 billion for a second global fund.
Henderson launches U.S. student housing fund
Henderson Global Investors plans to launch a U.S. Student Housing Fund to invest in high-quality student housing properties in target markets within the United States.