Institutional Real Estate Newsline
November 15, 2010: Vol. 18, Number 44Buy For $65.00 Add to Cart
CB Richard Ellis Sells Stake in Manhattan Office Building
CB Richard Ellis Strategic Partners Value 5, a commingled private equity real estate fund sponsored by CB Richard Ellis Investors, has sold a non-controlling equity interest in 1540 Broadway in New York City to HSBC Alternative Investments Ltd. and Edge Fund Advisers.
Kilroy Realty Purchases Two Buildings for $237.5 Million
Kilroy Realty Corp. (NYSE: KRC) has purchased two office properties located in San Francisco and Seattle for approximately $237.5 million.
Morningside and Harrison Street Real Form Senior Housing Venture
Morningside House Senior Living, an operator of senior housing communities, has entered into a $200 million joint venture agreement with Chicago-based Harrison Street Real Estate Capital, a real estate private equity firm.
Glimcher and Blackstone Real Estate Advisors Purchase Pearlridge Center
Glimcher Realty Trust (NYSE: GRT) and Blackstone Real Estate Advisors completed the purchase of the Pearlridge Center, Hawaii's second largest retail mall, from Northerwestern Mutual Life Insurance Co. for a purchase price of $245 million.
Sniper Capital Launches $100 Million Macau Property Fund
Sniper Capital, a leading real estate fund manager focused on Macau and southern China, has launched a $100 million private closed-end fund, Macau Sniper Fund, that will target undervalued non-gaming real estate opportunities in Macau.
General Growth Properties Splits into Two Publicly Traded Corporations
General Growth Properties has successfully completed the final steps of its financial restructuring and emerged from Chapter 11 bankruptcy.
- Douglas Emmett Refinances Southern California Apartment Portfolio