Transactions | Jun 8, 2016 TIAA buys apartment project in San Francisco Bay Area by Andrea Waitrovich TIAA Global Asset Management has acquired an apartment complex in Redwood City, Calif., for approximately $213 million.
Investors | Jun 8, 2016 Korean investors award U.K. real estate debt mandate by Andrea Waitrovich Two Korean based investors have awarded a mandate for the U.K. commercial real estate debt market.
People | Jun 8, 2016 CalSTRS infrastructure portfolio manager to retire by Andrea Waitrovich Diloshini Seneviratne will be retiring at the end of June from her role as portfolio manager for infrastructure with the $180 billion California State Teachers’ Retirement System.
Investors | Jun 8, 2016 Louisiana pension fund makes follow-on commitment by Andrea Waitrovich The $16.3 billion Louisiana Teachers’ Retirement System has made a follow-on commitment to a fund managed by Sares-Regis Group.
Bernie McNamara expands role at J.P. Morgan Asset Management by Loretta Clodfelter Bernie McNamara, managing director with J.P. Morgan Asset Management, recently expanded his role with the firm’s Global Real Assets group as the new head of Global Real Assets Client Strategy and Omni Solutions.
Transactions | Jun 7, 2016 South Korean investor buys stake in Manhattan office by Andrea Waitrovich CBRE Global Investors, on behalf of a South Korean state-run investment fund, has acquired a stake an office in Manhattan.
Transactions | Jun 7, 2016 German investor pays €400m for Frankfurt office campus by Andrea Waitrovich GEG German Estate Group AG, a Frankfurt-based investor, has acquired office campus in Frankfurt in an off-market transaction.
Transactions | Jun 6, 2016 Chicago office building to sell for $340m by Andrea Waitrovich Hines REIT is in contract to sell an office property in Chicago for $340.1 million
Research | Jun 6, 2016 U.S. CMBS delinquency rate rises in May by Andrea Waitrovich The U.S. CMBS delinquency rate climbed 12 basis points in May.
Transactions | Jun 6, 2016 Blackstone sells office tower in Los Angeles for $311m by Andrea Waitrovich The Blackstone Group has sold an office in Los Angeles for $311 million.
Transactions | Jun 6, 2016 Qatar Investment Authority pays $2.5b for Singapore CBD office by Andrea Waitrovich Qatar Investment Authority has acquired an office Singapore.
Research | Jun 3, 2016 May employment growth misses target by Zoë Wolff The United States added 38,000 jobs in May, according to the Bureau of Labor Statistics, well below the expected increase of approximately 160,000 jobs.
Investors | Jun 3, 2016 Oregon commits $250m to real estate by Zoë Wolff The $69.7 billion Oregon Public Employees Retirement Fund has committed $250 million to DivcoWest Fund V.
Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was an apartment complex near Seattle.
Fundraising | Jun 2, 2016 Actis raises $500m for African fund by Zoë Wolff Actis has raised $500 million for its third African real estate fund, Actis Africa Real Estate Fund 3.
Investors | Jun 2, 2016 CalSTRS commits $311m to real estate by Zoë Wolff The $180 billion California State Teachers’ Retirement System committed $311 million to two real estate funds during first quarter 2016.
Investors | Jun 2, 2016 New Mexico commits $75m to real estate debt fund by Zoë Wolff The $14 billion Public Employees Retirement Association of New Mexico has committed $75 million to DRC Capital European Real Estate Debt Fund III.
Fundraising | Jun 2, 2016 Real I.S. launches European real estate fund by Zoë Wolff German asset manager Real I.S. has launched a new European real estate fund.
Transactions | Jun 1, 2016 AXA acquires U.K. property for core Europe fund by Zoë Wolff AXA Investment Managers – Real Assets has acquired the Asticus Building in London for £80 million.
People | Jun 1, 2016 Edgar Alvarado retires from Allstate Investments by Zoë Wolff Edgar Alvarado, group head, real estate equity at Allstate Investments, has announced his retirement, effective June 30, after 23 years of service.
