Fundraising | Oct 29, 2014 Dune fund holds $960m final close by Andrea Waitrovich Dune Real Estate Partners has announced the final close of its third real estate fund, Dune Real Estate Fund III.
Fundraising | Oct 29, 2014 Harrison Street holds first close for opportunistic fund by Andrea Waitrovich Harrison Street Real Estate Capital has held a first close for its fifth opportunistic fund, Harrison Street Real Estate Partners V.
Investors | Oct 29, 2014 NYSTRS commits $140m to real estate, lends $334m by Reg Clodfelter The New York State Teachers' Retirement System has committed $140 million to real estate, divided between three managers, and put together $334 million in mortgage commitments.
Investors | Oct 29, 2014 Oklahoma Police commits $40m by Reg Clodfelter The $2.2 billion Oklahoma Police Pension & Retirement System has committed to The Blackstone Group and Siguler Guff & Co.
Investors | Oct 28, 2014 GLP expands platform in Brazil to $3.7b by Andrea Waitrovich Global Logistics Properties has announced the expansion of its Brazil platform, with investments in GLP Brazil Income Partners II and GLP Brazil Development Partners I.
Transactions | Oct 28, 2014 TIAA-CREF, NBIM venture acquires office asset in D.C. by Andrea Waitrovich TIAA-CREF and its joint venture partner, Norges Bank Investment Management, have purchased PNC Place, an office property in Washington, D.C., from PNC Financial Services Group.
Investors | Oct 28, 2014 Phoenix commits $60m to noncore real estate by Reg Clodfelter The $2.2 billion City of Phoenix Employees' Retirement System has committed $30 million each to two noncore real estate funds.
Research | Oct 28, 2014 Hotels bounce back in Q3 by Reg Clodfelter Hotel transaction volume in third quarter 2014 was $8.5 billion, up 30 percent year-over-year.
Investors | Oct 28, 2014 UPDATED: CCCERA commits $240m to noncore real estate by Reg Clodfelter The Contra Costa County (Calif.) Employees' Retirement Association has committed $240 million in follow-on commitments to noncore real estate, divided among four managers.
Investors | Oct 27, 2014 Valad Europe enters into €500m JV by Andrea Waitrovich Valad Europe has entered into a €500 million ($634.2 million) joint venture agreement with a new investor to build a portfolio of Central European retail assets.
Research | Oct 27, 2014 On-time CMBS payoffs hit lowest level since 2012 in September by Reg Clodfelter The percentage of maturing loans backing CMBS that paid off on time dropped significantly in September, down to 53.6 percent.
Research | Oct 27, 2014 Timber sees best third quarter since 2007 by Reg Clodfelter The NCREIF Timberland Index returned 1.47 percent in the third quarter, up from the second quarter's 1.08 percent.
Investors | Oct 27, 2014 Fort Worth commits $45m between two managers by Reg Clodfelter The Fort Worth (Texas) Employees' Retirement Fund has committed $45 million to two noncore real estate funds.
Investors | Oct 27, 2014 Illinois Municipal retains Callan as consultant by Reg Clodfelter The $34.8 billion Illinois Municipal Retirement System has retained Callan Associates as its investment consultant.
Transactions | Oct 24, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were a shopping mall in Northern Virginia and an office asset in Miami.
Research | Oct 23, 2014 Farmland posts lowest returns since 2010 by Reg Clodfelter After posting the lowest returns since 2011 during the second quarter at 1.73 percent, farmland's struggles have only gotten worse as the total return for the NCREIF Farmland Index dropped to 1.45 percent during the third quarter.
Transactions | Oct 23, 2014 LaSalle buys in Paris, sells in London and Japan by Andrea Waitrovich LaSalle Investment Management took part in several property transactions around the globe.
Research | Oct 22, 2014 SBCERA changes benchmark by Reg Clodfelter The $8.1 billion San Bernardino County (Calif.) Employees' Retirement Association has switched its real estate benchmark to the NCREIF Property Index for its entire real estate portfolio.
Transactions | Oct 22, 2014 Stockland sells stake in Australian shopping center, buys another by Andrea Waitrovich Stockland has sold a 50 percent stake in Stockland Townsville Shopping Center in Aitkenvale, Australia, to AMP Capital Shopping Center for A$228.7 million ($201.54 million).
Transactions | Oct 22, 2014 Hulic REIT buys seven properties for ¥47 billion by Andrea Waitrovich Tokyo-based Hulic REIT has acquired seven properties in Japan for ¥47 billion ($438.56 million) from various sellers.
