Transactions | Jun 30, 2014 BlackRock property fund sells retail real estate portfolio in Germany by Andrea Waitrovich The BlackRock Europe Property Fund III, part of BlackRock's real estate business, has sold its stake in companies holding a portfolio of around 70 retail stores in Germany to GIG Grundbesitz Immobilien and GIG Grundbesitz Beteiligungs.
People | Jun 30, 2014 SFERS searches for real assets consultant, launches program by Reg Clodfelter The $19 billion San Francisco City and County Employees' Retirement System is currently searching for a consultant for its newly formed real assets portfolio.
M&G Real Estate pays $522m for RBS headquarters by Andrea Waitrovich M&G Real Estate has purchased the two-building RBS headquarters in Manchester, England, for £306 million ($521.9 million).
Transactions | Jun 30, 2014 Manhattan apartment complexes sell for $500m by Andrea Waitrovich Joint venture partners Stellar Management and Chetrit Group have paid $500 million for two midrise and high-rise apartments.
Transactions | Jun 27, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was an office property in New York City.
Investors | Jun 26, 2014 Texas C&D commits $100m to real estate, $70m to infrastructure by Reg Clodfelter The $23.5 billion Texas County & District Retirement System committed $100 million to real estate and infrastructure.
Transactions | Jun 26, 2014 J.P. Morgan buys three San Francisco assets for $415m by Andrea Waitrovich J.P. Morgan has purchased a three-property portfolio from Jamestown for approximately $415 million. All the properties are located in San Francisco and blocks from each other.
Investors | Jun 26, 2014 NBIM to invest $9b annually in real estate through 2016, begin investing in infrastructure by Reg Clodfelter Norway's $885 billion Government Pension Fund Global, managed by Norges Bank Investment Management, is planning to invest 1 percent of its total fund - roughly $8.8 billion - into global real estate each year until 2016, and will begin investing in infrastructure for the first time, according to its recently released 2014 -2016 strategic investment plan.
Investors | Jun 26, 2014 Canadian pension funds buy Manhattan office properties by Andrea Waitrovich Two Canadian pension funds have invested in two Manhattan office assets in separate deals.
Investors | Jun 25, 2014 MassPRIM commits $80m to real estate, $65m to timberland by Reg Clodfelter The Massachusetts Pension Reserves Investment Management Board has approved two commitments.
Keeping score at the 2014 World Cup by Larry Gray The 2014 FIFA World Cup Brazil kicked off on June 12, and the final championship match is scheduled for July 13.
Investors | Jun 25, 2014 Wisconsin may invest up to $500m in real estate by year-end 2014 by Reg Clodfelter The State of Wisconsin Investment Board, which manages $104.6 billion for the state of Wisconsin, could invest between $250 million and $500 million in real estate before the end of 2014.
Transactions | Jun 25, 2014 IN-DEPTH: Land Securities pays Lend Lease £656m for Bluewater stake by Andrea Waitrovich Land Securities has announced its acquisition of a 30 percent stake in the Bluewater shopping center in the United Kingdom for £656 million ($1.2 billion).
Fundraising | Jun 24, 2014 PCCP raises $267m for debt fund by Reg Clodfelter PCCP has raised $267 million for PCCP Credit VI, a real estate debt fund launched in September 2013.
Transactions | Jun 24, 2014 Perella Weinberg buys London office for $319m by Andrea Waitrovich Perella Weinberg Partners has agreed to buy the Amerada Hess Building in London for £190 million, or £957 per square foot ($318.5 million/$1,604 per square foot).
Fundraising | Jun 24, 2014 AEW Europe holds €101m first close by Andrea Waitrovich AEW Europe, an affiliate of AEW Capital Management, has held a first close for its Europe Value Investors Fund with €101 million ($137.5 million).
Investors | Jun 24, 2014 Kentucky commits $80m to noncore real estate by Reg Clodfelter The $15.6 billion Kentucky Retirement Systems has committed $80 million to noncore real estate, divided equally between Greenfield Acquisition Partners VII, managed by Greenfield Partners, and Lubert Adler Real Estate Fund VII, managed by Lubert-Adler.
Investors | Jun 24, 2014 Florida commits $250m more to noncore real estate by Reg Clodfelter The $178.2 billion Florida State Board of Administration has committed $150 million to Starwood Opportunity Fund X, managed by Starwood Capital Group, and $100 million to Europa Real Estate Fund IV, managed by London-based Europa Capital.
Investors | Jun 23, 2014 IN-DEPTH: Sunstone Hotel buys Hawaiian resort for $326m by Andrea Waitrovich Sunstone Hotel Investors has acquired the 544-room Wailea Beach Marriott & Spa, located on 22 fee-simple acres in Kihei, Hawaii, for a net purchase price of $325.7 million, or $598,600 per room.
Research | Jun 23, 2014 PSERS starts 2014 with strong performance from real estate by Reg Clodfelter Pennsylvania's $51.4 billion Public School Employees' Retirement System released its investment performance results for the quarter ended March 31, 2014.
