IN-DEPTH LOOK: CalPERS and CommonWealth Partners venture acquires 1888 Century Park East from Blackstone for $305 million by Ross Dohrmann A joint venture between the California Public Employees' Retirement System (CalPERS) and CommonWealth Partners is under contract with The Blackstone Group to acquire 1888 Century Park East, a class A property in West Los Angeles.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included properties in Washington, D.C., and Manhattan.
Heitman raises additional $506.3 million for open-end fund by Andrea Waitrovich Heitman has raised an additional $506.3 million for its core open-end fund Heitman America Real Estate Trust (HART), according to a filing with the Securities and Exchange Commission.
Brookfield closes Strategic Real Estate Partners Fund by Sara Kassabian Toronto-based Brookfield Asset Management has surpassed its fundraising target for Brookfield Strategic Real Estate Partners, raising $4.4 billion in a final close.
APFC commits $100 million to U.S. industrial by Andrea Waitrovich The board of trustees of the $47.4 billion Alaska Permanent Fund Corp. (APFC) has approved a $100 million commitment to U.S. industrial real estate during its July 18 meeting.
CRPTF searches for core real estate manager by Sara Kassabian The $25.9 billion Connecticut Retirement Plans and Trust Funds has plans to select an open-end core real estate fund manager.
Colony launches third distressed debt fund by Andrea Waitrovich Colony Capital has launched a third fund in its distressed credit fund series.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included an office property in Manhattan.
Pennsylvania SERS approves $30 million investment by Andrea Waitrovich The board of the $25.7 billion Pennsylvania State Employees' Retirement System (SERS) has approved a $30 million commitment to Hawkeye Scout Fund II.
Texas Teachers invests $550 million in real estate and infrastructure by Ross Dohrmann, released 7/15/13 The $116.1 billion Texas Teacher Retirement System (TRS) has committed a combined $550 million into two real estate funds and one infrastructure fund.
Ram Realty Partners III holds final close by Sara Kassabian Florida-based Ram Real Estate has held a $150 million final close for its Ram Realty Partners III.
Massachusetts pension plan searches for real estate manager by Ross Dohrmann The $655 million Norfolk County (Mass.) Retirement System (NCRS) has issued an RFP for a new private equity real estate manager.
Rising interest rates impact on REIT market in second quarter by Sara Kassabian The REIT market underperformed the broader equity market in the second quarter, with the NAREIT All Equity REIT Index posting negative returns of -2.13 percent while the S&P 500 Index returned 2.91 percent.
Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included an apartment and office property in Manhattan.
SEC lifts ban on general solicitation by Andrea Waitrovich The Securities and Exchange Commission (SEC) voted 4 to 1 to lift an 80-year-old ban on advertisements of private offerings on July 10, 2013.
U.S. retail vacancy drops to its lowest level in four years by Ross Dohrmann The average vacancy rate for the U.S. retail sector has dropped to its lowest level in nearly four years.
IN-DEPTH LOOK: Shorenstein Properties acquires Redmond Town Center from Macerich for $185 million by Ross Dohrmann Shorenstein Properties has purchased the office portion of Redmond Town Center in Redmond, Wash., from Macerich. The six-building complex sold for $185 million, according to a July 2 article in the Puget Sound Business Journal.
Invesco raises $339 million for third fund by Andrea Waitrovich Invesco Real Estate has raised $339 million for its Invesco Real Estate Fund III.
Asia-focused fund exceeds $1 billion target in final close by Sara Kassabian Singapore-based Alpha Investment Partners Ltd. has confirmed its second Asia-focused fund has surpassed its $1 billion fundraising target in a recent final close.
IN DEPTH LOOK: Thayer Lodging Group acquires Ritz-Carlton hotel in downtown San Francisco for $161 million by Sara Kassabian Annapolis, M.D.–based Thayer Lodging Group has paid $161 million to Host Hotels & Resorts for the Ritz-Carlton hotel in downtown San Francisco.
