Bridge Investment raises $482 million for opportunity fund by Ross Dohrmann Bridge Investment Group Partners has held a $482 million close for its second opportunistic fund, Real Estate Opportunity Capital Fund II.
Mesa West Real Estate Income III raises $677 million for third fund by Sara Kassabian Los Angeles-based Mesa West Capital has raised $677 million for its closed-end value-added fund Mesa West Real Estate Income Fund III.
Berkshire raises an additional $43 million by Andrea Waitrovich Boston-based Berkshire Group has raised an additional $43 million for its value-added vehicle Berkshire Multifamily Value Plus Fund III.
Metropolitan Real Estate closes three funds of funds by Sara Kassabian Metropolitan Real Estate Equity Management has held the final close for three of its value-added and opportunistic funds.
Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included a Boston hotel and an apartment complex in Southern California.
UPDATE: Fir Tree raises $300 million for its third fund by Andrea Waitrovich Fir Tree Partners has raised more than $300 million for its third fund Fir Tree Real Estate Fund III, reaching more than half of its fundraising goal of $500 million.
CalPERS invests in two emerging managers through Canyon Catalyst Fund by Sara Kassabian The $258.6 billion California Public Employees Retirement System (CalPERS) has formed two joint venture through its emerging manager program Canyon Catalyst Fund, a $200 million fund with Canyon Capital Realty Advisors.
Jim Hime leaves ADIA by Sara Kassabian Jim Hime has stepped down as CFO of the real estate department at Abu Dhabi Investment Authority (ADIA), a United Arab Emirates (UAE) sovereign wealth fund.
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.
