Institutional Real Estate Newsline
September 29, 2008: Vol. 15, No. 37Buy For $65.00 Add to Cart
Heitman Fund Buys City Center Sofia Mall
Heitman European Property Partners III, a property fund sponsored by Heitman, has agreed to buy the City Center Sofia Mall, a 246,601-square-foot retail complex in Sofia, Bulgaria, for €101.5 million ($148 million).
Crow Holdings Closes Fund with $950 Million
Dallas-based Crow Holdings has closed Crow Holdings Realty Partners V with $950 million in equity commitments.
Deka Buys U.K. Properties
Deka Immobilien GmbH has acquired two properties in the United Kingdom for £321.2 million ($592 million).
European Investors Committed to Real Estate Investment
European institutional investors plan to increase their commitments to real estate, particularly through unlisted property funds, according to a new survey from INREV, the European Association for Investors in Non-listed Real Estate Vehicles.
- First Industrial Realty Trust Extends JV Agreements with CalSTRS
Hines Acquires Citigroup Center in Los Angeles
Hines has used its Hines U.S. Office Value Added Fund II to acquire Citigroup Center, a 48-story office tower in Los Angeles.
Morgan Stanley Pursues Strategic Alliance with MUFG
Morgan Stanley intends to pursue a strategic alliance with Mitsubishi UFJ Financial Group, (MUFG), Japan’s largest banking group and the world’s second largest bank holding company with $1.1 trillion in bank deposits.
Uncertainty Impedes Investors in 3Q/08
Transaction activity continues to be constrained as sellers of commercial real estate remain on the sidelines, putting investments on hold in the short term despite an optimistic long-term investment outlook, reports PricewaterhouseCoopers’ third quarter 2008 Korpacz Real Estate Investor Survey.
Waterton Raises $222 Million for Apartment Fund
Waterton Associates has raised $222 million of equity capital for its apartment investment fund, Waterton Residential Property Fund X.