Institutional Real Estate Newsline
September 13, 2013: Vol. 21 No. 37Buy For $65.00 Add to Cart
Recent commercial real estate acquisitions
The largest completed transactions included Cousins Properties' $1.1 billion Texas office acquisition.
DivcoWest launches fourth value-added fund
DivcoWest has launched a fourth value-added fund, DivcoWest Fund IV.
Merlone Geier holds final close
Merlone Geier Partners has held a $900 million final close for its 11th fund, Merlone Geier Partners XI.
Pennsylvania SERS approves $50 million commitment
The $25.7 billion Pennsylvania State Employees' Retirement System (SERS) has invested $50 million in Regional Real Estate Investment Corp.
Montana State Board makes follow-on core investment
The $8.5 billion Montana State Board of Investments approved a $40 million commitment to TIAA-CREF Asset Management Core Property Fund, managed by TIAA-CREF Asset Management.
Carlyle Group names Adam Metz head of international real estate
The Carlyle Group has named Adam Metz a managing director and head of international real estate, a new position.
Forum Partners and La Francaise enter into $600 million
Forum Partners Investment Management and La Française, an affiliate of Crédit Mutuel Nord Europe, have entered into a strategic partnership.
Thai investor buys Oakland apartments
Thailand-based Land & Houses snapped up Domain, a 264-unit apartment building in downtown Oakland, Calif., for $103.2 million.
Westfield sells mall stake for A$246.7 million
UniSuper has taken full control of the Karrinyup shopping center in Perth, Australia, after striking a deal to buy out the Westfield Group’s 33.3 percent stake for A$246.7 million ($230 million).
Thor Equities increases offer for Empire State Building
Thor Equities has raised its offer to buy the Empire State Building to $1.4 billion from $1.18 billion.
Norway's SWF buys $684 million stake in Times Square Tower
Norway’s sovereign wealth fund, the Norwegian Government Pension Fund Global, has agreed to buy a 45 percent stake in a New York City office property from Boston Properties for $684 million.
Hackman Capital Partners wins bid for Hostess Brands
Hackman Capital Partners has acquired 140 properties and equipment assets from Hostess Brands, which filed for bankruptcy 2012.
Ares Management, CPPIB to acquire Neiman Marcus in $6 billion deal
Ares Management and Canada Pension Plan Investment Board (CPPIB) have agreed to acquire Neiman Marcus Group from a group of investors led by TPG and Warburg Pincus for a purchase price of $6.0 billion.
Carlyle acquires six U.S. power plants
The Carlyle Group has agreed to acquire the Red Oak power generation facility in Sayreville, N.J., and has separately closed on the purchase of five power plants in California.
Peakside Capital hires former Heitman Europe co-head
Peakside Capital has hired Otis Spencer as a managing director and president of Peakside Polonia Management.