Institutional Real Estate Newsline
October 11, 2013: Vol. 21 No. 41Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included an office property in Palo Alto, Calif., and a retail property in Bellevue, Wash.
Crow Holdings fund holds $1.067 billion close
Crow Holdings Capital Partners (CHCP) has held a $1.067 billion final closing for its Crow Holdings Realty Partners Fund VI, exceeding its $750 million target.
ASB buys San Francisco office building for $110 million
ASB Real Estate Investments, a division of ASB Capital Management, has acquired the 180,000-square-foot office building at 795 Folsom St. in San Francisco for $110 million.
Ohio SERS commits $100 million to core, open-end fund
The School Employees Retirement System of Ohio (SERS) has approved a follow-on commitment of $100 million to RREEF America REIT II.
CBRE exceeds target with third multifamily development fund
CBRE Global Investors has held a final close for its CBRE Wood Partners Development Fund 3, exceeding its $200 million target with more than $300 million in equity commitments.
CWCapital Asset Management to sell loan portfolio
CWCapital Asset is currently marketing a $2.57 billion portfolio of predominantly cash-flowing real estate and commercial mortgage loan assets spread across the United States.
Stonepeak Infrastructure Partners raises $1.65 billion
Stonepeak Infrastructure Partners has completed fundraising for its inaugural standalone fund, closing Stonepeak Infrastructure Fund I with $1.65 billion.
Hines puts San Francisco office tower on the market
Hines has hired CBRE to sell 101 Second St., a 24-story limestone and glass tower in San Francisco, which could sell for $272 million.
Valad Europe holds €180 million first close
Valad Europe has held a €180 million ($244 million) first close for its Valad European Diversified Fund, which will invest in core-plus and value-added assets in the United Kingdom and Germany.
Long Wharf holds final close for fourth fund
Long Wharf Real Estate Partners has held a final close for its Long Wharf Real Estate Partners IV, raising $253.45 million.
CPPIB joint venture acquires Spanish mall
Intu Properties PLC and the Canada Pension Plan Investment Board (CPPIB) have acquired Parque Principado Shopping Center, an 800,000-square-foot prime regional retail destination in Oviedo, Spain.
BlackRock completes MGPA acquisition
BlackRock has completed the acquisition of MGPA, creating a combined $23.5 billion global real estate investment platform as of the end of June 2013.
HOOPP forms European logistics development JV with Verdion
The $47.4 billion Healthcare of Ontario Pension Plan (HOOPP) is helping to fund the development of a €1 billion ($1.4 billion) European logistics portfolio over the next five years through a partnership with Verdion, formerly Helios Europe.
CPPIB, Dexus JV make $2.55 billion offer for Australian REIT
The C$165 billion ($158.91 billion) Canada Pension Plan Investment Board (CPPIB) has teamed up with Dexus Property Group to make an initial A$2.7 billion ($2.55 billion) offer for Commonwealth Property Office Fund.
Kayne Anderson acquires Florida senior housing portfolio
Kayne Anderson Real Estate Advisors and its joint venture partner Discovery Senior Living have bought out Discovery's existing partner in the Aston Gardens senior housing portfolio, comprising six properties in Florida.