Institutional Real Estate Newsline
September 20, 2010: Vol. 18, Number 36Buy For $65.00 Add to Cart
Former Bank of America Merrill Lynch Executives Launch Peakside Capital
A group of former senior managers of the European real estate principal investments team at Bank of America Merrill Lynch (BofAML) has formed a new real estate private equity firm, Peakside Capital, and taken over the management of two BofAML funds.
- COPT Acquires $115 Million Data Center in Northern Virginia
Harrison Street Announces Second Closing of Real Estate Investment Fund
Harrison Street Real Estate Capital LLC, an investment manager in the education, healthcare and self-storage segments of the real estate market, has completed the second closing of Harrison Street Real Estate Partners III LP, which has so far raised more than $330 million.
Henderson Launches U.S. Multifamily Fund
Henderson Global Investors has launched CASA V, which is the fifth in the firm’s CASA Partners series of multifamily funds.
KBS REIT II Completes Purchase of L.A. Complex from Hines
KBS REIT II, an affiliate of KBS Realty Advisors, has bought Union Bank Plaza, a 627,334-square-foot office and retail complex in downtown Los Angeles, for $208 million.
Macquarie to Buy Presidio Partners
Macquarie Group has entered into an agreement to acquire 100 percent of Presidio Partners LLC’s membership interests, allowing Macquarie to expand its global real estate private capital markets platform.
Pennsylvania SERS Sees Signs of Real Estate Improvement
The $24 billion Pennsylvania State Employees Retirement System (SERS) earned a return of 12.6 percent for the 12 months ended June 30, 2010.
SouthernSun Asset Management Launches Opportunity Fund
SouthernSun Asset Management, an investment firm that provides investment management services to public and private pension plan sponsors, corporations, foundations and endowments, and high-net-worth investors, is launching a real estate opportunity fund with a new management team.
- Texas Teachers Invests in USAA Real Estate Fund
- USAA Real Estate Co. Forms Partnership With Admiral Capital