Transactions | Jun 19, 2014 Invesco Office J-REIT buys Japanese office assets valued at $1.3b by Andrea Waitrovich Invesco Office J-REIT has acquired three office buildings in Japan for a total of ¥132.4 billion ($1.3 billion), based on a 100 percent valuation.
Transactions | Jun 19, 2014 Two Hong Kong office developments sell for $1.12b by Andrea Waitrovich In Hong Kong, two separate office development sites have been sold for a total of $1.12 billion in sales price.
Fundraising | Jun 19, 2014 Pan-Asian real estate fund raises $537m by Andrea Waitrovich Hong Kong-based CLSA Capital Partners has raised approximately $537 million for its third fund, Fudo Capital III, according to a filing with the SEC.
Fundraising | Jun 18, 2014 LACERA approves 2014-15 real estate investment plan, commits $250m to commercial debt by Reg Clodfelter The Los Angeles County Employees Retirement Association has adopted the proposed real estate investment plan for the 2014-2015 fiscal year, which calls for $604 million of net activity by June 30, 2015.
Malaysian Fund buys stake in London shopping mall by Andrea Waitrovich Malaysian pension fund Kumpulan Wang Persaraan (Diperbadankan) has acquired The Chimes Shopping Center, also known as Intu Uxbridge, in London.
IN-DEPTH: DeAWM acquires stake in $750m Florida retail center by Andrea Waitrovich Deutsche Asset & Wealth Management, an arm of Deutsche Bank AG, has acquired a 50 percent partial interest in St. Johns Town Center, located in Jacksonville, Fla., from developer Ben Carter Properties.
Insurer launches debt separate account with AgFe by Reg Clodfelter U.K. insurance giant LV= (formerly Liverpool Victoria) has awarded a £1 billion ($1.7 billion) mandate to AgFe to invest in commercial real estate finance exclusively in the United Kingdom.
Investors | Jun 17, 2014 Illinois Municipal commits $50m to opportunistic real estate by Reg Clodfelter Starwood Global Opportunity Fund X, an opportunistic fund managed by Starwood Capital Group, has received up to $50 million, subject to satisfactory legal diligence, from the Illinois Municipal Retirement Fund.
INPRS posts RFP for real estate consulting services by Reg Clodfelter The $27.1 billion Indiana Public Retirement System has posted an RFP for real estate consulting services for its $1.3 billion private real estate portfolio.
Fundraising | Jun 17, 2014 Harbert fund holds $400m final close by Andrea Waitrovich Harbert United States Real Estate Fund V, a value-added/opportunistic fund managed by Harbert Management Corp., has held a $400 million final close.
Research | Jun 17, 2014 International investors drive liquidity in global real estate by Andrea Waitrovich Global invested property stock set a new record level of $12.9 trillion at year-end 2013, driven by improving sentiment and capital value recovery, according to the 40th edition of the Money into Property 2014 report by DTZ.
Transactions | Jun 16, 2014 IN-DEPTH: LaSalle fund sells iconic hotel in Sydney CBD by Andrea Waitrovich LaSalle Investment Management has agreed to sell its 100 percent shareholding interest in Sofitel Wentworth Sydney to Frasers Centrepoint.
Investors | Jun 13, 2014 Connecticut commits $100m to real estate, considers $100m more by Reg Clodfelter On behalf of the Connecticut Retirement Plans and Trust Funds, Connecticut State Treasurer Denise L. Nappier has decided to make a commitment of up to $100 million to Clarion Lion Industrial Trust.
Fundraising | Jun 13, 2014 Cypress raises $386m for retail fund by Reg Clodfelter Dallas-based Cypress Equities has raised $386.25 million for Cypress Acquisition Partners Retail Fund, the emerging manager's first fund, according to a filing with the SEC.
Investors | Jun 13, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were an office and an apartment on the East Coast.
Transactions | Jun 12, 2014 DDR and Blackstone form $2b retail JV to acquire shopping centers by Andrea Waitrovich DDR Corp. has joined in on the $1.975 billion acquisition of American Realty Capital Properties shopping center portfolio by Blackstone Real Estate Partners VII, an affiliate of The Blackstone Group.
People | Jun 12, 2014 LACERS narrows down REIT manager search, approves new pacing plan by Reg Clodfelter The Los Angeles City Employees' Retirement System has narrowed its search for one or more investment managers to actively manage approximately $65 million in a long-only, publicly traded U.S. or global REITS strategy to three candidates.
Investors | Jun 12, 2014 New Mexico commits $75m to real estate debt by Reg Clodfelter The $19.2 billion New Mexico State Investment Council has committed $75 million to the Brookfield Real Estate Finance Fund IV, a real estate debt vehicle sponsored by Brookfield Asset Management that invests domestically.
Transactions | Jun 12, 2014 IN-DEPTH: Green REIT acquires Irish portfolio for €375m by Andrea Waitrovich Green REIT, the Irish property investment company, has exchanged conditional contracts with the Cosgrave Property Group for a portfolio of Irish assets.
Transactions | Jun 12, 2014 Steen & Strom sells five Swedish shopping centers for $486m by Andrea Waitrovich Steen & Strøm has sold five shopping centers in Sweden for €359 million ($486 million) to a subsidiary of Olav Thon Eiendomsselskap ASA, which is part of the Olav Thon Group.
