SEC sues Detroit investment manager for theft by Sara Kassabian The U.S. Securities and Exchange Commission (SEC) has charged Chauncey Mayfield, the CEO and founder of MayfieldGentry Realty Advisors, and other members of the firm with allegedly stealing $3.1 million from a Detroit pension fund and trying to hide the theft from its investor.
IN-DEPTH LOOK: Highwoods Properties adds One Alliance Center in Atlanta to portfolio by Sara Kassabian Raleigh, N.C.-based real estate investment trust Highwoods Properties has acquired One Alliance Center in Atlanta for $140 million, according to a statement. The deal closed June 24. Here is a closer look at the transaction.
Thorofare Capital holds final close for lending fund by Sara Kassabian Los Angeles-based Thorofare Capital has raised $160 million for its fund Thorofare Asset Based Lending Fund II in a final close held June 13.
Oregon PREF commits $200 million to Amstar venture by Ross Dohrmann The $58.8 billion Oregon Public Employees Retirement Fund (OPERF) has committed $200 million to a value-added separate account with Amstar Advisers.
Investors | Jun 28, 2013 Almanac Realty invests $100 million with hotel finance firm by Ross Dohrmann The $2.5 billion Almanac Realty Investors has committed $100 million to recently formed Shaner Hospitality Finance, a company managed by Shaner Hotel Group.
Investors | Jun 28, 2013 Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included a South Florida apartment complex and an office property in Atlanta.
IN-DEPTH LOOK: MPG Office Trust sells trophy office property in downtown Los Angeles to Singapore investor by Sara Kassabian Singapore-based Overseas Union Enterprise Ltd. (OUE) has acquired the U.S. Bank Tower, California
Stonepeak exceeds $1 billion fundraising goal by Andrea Waitrovich Stonepeak Infrastructure Partners has raised approximately $1.2 billion in equity commitments for its debut Stonepeak Infrastructure Fund.
PCCP raises $209 million for its sixth fund by Andrea Waitrovich PCCP has raised $209 million for its PCCP Equity VI, according to a filing with the Securities and Exchange Commission.
Apartment fund holds $357 million final close by Sara Kassabian San Francisco-based FPA Multifamily has surpassed its equity target and raised $357 million for its fourth fund, FPA Apartment Opportunity Fund IV.
IN-DEPTH LOOK: Principal Real Estate Investors and Simone Investment venture acquires Washington Harbor by Ross Dohrmann Principal Real Estate Investors and Korean pension funds advised by Simone Investment have formed a joint venture to buy Washington Harbor complex from MRP Realty and Rockpoint Group.
UPDATE: TriGate Capital holds final close for TriGate Property Partners II by Sara Kassabian Dallas-based firm TriGate Capital will hold the final close for its opportunistic fund, TriGate Property Partners II, sometime this week.
Crow Holdings nears final close by Andrea Waitrovich Crow Holdings Capital Partners is approaching a scheduled final close date for its Crow Holdings Realty Partners VI.
TriGate fund approaches final close by Andrea Waitrovich TriGate Capital has a planned final close for its TriGate Property Partners II.
Transactions | Jun 21, 2013 Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included office properties in Los Angeles and Metairie, La.
Connecticut retirement fund considers commitment to USAA by Sara Kassabian The $26.3 billion Hartford, Conn.-based Connecticut Retirement Plans and Trust Fund (CRPTF) is reviewing a $100 million commitment to USAA Eagle Real Estate Fund.
Trends support promising apartment market outlook by Ross Dohrmann The residential market is slowly recovering, but not in a conventional manner. According to Marcus & Millichap
SDCERA issues real estate consultant RFP by Andrea Waitrovich The $9.2 billion San Diego County Employees Retirement Association (SDCERA) has issued an RFP for a real estate consultant.
Gaw Capital holds third close for opportunistic real estate fund by Sara Kassabian Hong Kong-based Gaw Capital Partners has raised a total of $780 million for Gateway Real Estate Fund IV.
Maine PERS commits $25 million to opportunistic fund by Ross Dohrmann The $11.6 billion Maine Public Employees Retirement System (PERS) has made a first-time investment into a fund sponsored by Boston-based High Street Advisors.
