SFERS approves first-time investment with Gaw Capital by Andrea Waitrovich The $15.6 billion San Francisco Employees' Retirement System (SFERS) has approved a commitment of up to $52 million to Gateway Real Estate Fund IV, managed by Gaw Capital.
Blackstone plans to launch fourth European fund by Andrea Waitrovich The Blackstone Group has plans to launch a fourth European fund with a $5 billion fundraising goal, according to reports.
Illinois TRS plans to invest $600 million in real estate by Andrea Waitrovich The $39.6 billion Teachers' Retirement System of the State of Illinois (TRS) has increased its real estate investments for the 2013
People | Aug 20, 2013 J.P. Morgan property fund manager retires by Andrea Waitrovich Anne Pfeiffer, senior portfolio manager for JPMCB Strategic Property Fund, an open-end core managed by J.P. Morgan Asset Management Global Real Assets, plans to retire this October.
Westfield pension fund announces search by Andrea Waitrovich The $165 million Westfield (Mass.) Contributory Retirement System has announced a search for a real estate investment manager to handle $3 million to $5 million.
J.P. Morgan property fund manager retires by Andrea Waitrovich Anne Pfeiffer, senior portfolio manager for JPMCB Strategic Property Fund, an open-end core managed by J.P. Morgan Asset Management Global Real Assets, plans to retire this October.
Hungerford Properties holds $120 million final close by Andrea Waitrovich Hungerford Properties, based in Vancouver, British Columbia, has a held a final close for HPWC Opportunities Fund, reaching its $120 million fundraising goal.
SDCERS invests $20 million in European real estate fund by Sara Kassabian The $5.8 billion San Diego City Employees' Retirement System (SDCERS) has approved an investment of €15 million ($20 million) in Europa Fund IV, according to minutes from an Aug. 8 board meeting.
Bentall Kennedy hires Wes Ahrens for industrial asset management by Sara Kassabian Wes Ahrens has been hired as the senior vice president of asset management for Bentall Kennedy.
Investors | Aug 15, 2013 Phoenix Property Investors raises additional capital for fifth Asian fund by Sara Kassabian Hong Kong-based Phoenix Property Investors has raised $475 million on behalf of Phoenix Asia Real Estate Investments V, according to a filing with the Securities and Exchange Commission.
Farallon Capital fund raises $153.5 million by Sara Kassabian San Francisco-based Farallon Capital has raised $153.5 million on behalf of its latest fund, Farallon Real Estate Institutional Partners, according to a filing with the Securities and Exchange Commission.
Dallas Police and Fire Pension approves two new commitments by Sara Kassabian The Dallas Police and Fire Pension Fund (DPFP) has approved commitments to two funds, according to a summary of an Aug. 8 board meeting.
Fundraising | Aug 14, 2013 Meadow Partners raises $295 million for opportunistic fund by Sara Kassabian Meadow Partners has raised $294.9 million so far for its opportunistic real estate fund, Meadow Real Estate Fund II.
Transactions | Aug 13, 2013 Amstar partnership sells shopping center in Russian secondary market by Sara Kassabian A partnership between Denver-based Amstar Global Advisers and Renaissance Development sold the Aura Shopping Center in Novosibirsk, Russia, to Moscow-based RosEuro Development for around €195 million.
Heitman raises $137.5 million for Heitman Value Partners III by Sara Kassabian Chicago-based investment manager Heitman has raised $137.5 million for Heitman Value Partners Fund III, according to a filing with the Securities and Exchange Commission.
Tim Walsh departs New Jersey Division of Investments by Sara Kassabian Tim Walsh is leaving his position as the director of the $74 billion New Jersey Division of Investments (NJDI), according to a statement.
REITs underperform broader equity index in July by Sara Kassabian U.S. equity REITs underperformed the broader equity index in July, as the NAREIT All Equity REIT Index returned 0.83 percent in the past month
KBS Capital aims to raise $105 million for nontraded REIT by Andrea Waitrovich KBS Strategic Opportunity REIT II aims to raise $105 million, according to a filing with the Securities and Exchange Commission.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included properties in California and Washington, D.C., acquired by Jamestown Properties.
IN-DEPTH LOOK: Starwood Capital Group acquires Liberty Center in Pittsburgh by Sara Kassabian Connecticut-based Starwood Capital Group has paid $135 million to a partnership between Forest City Enterprises and Jos. L. Muscarelle Inc. for the Liberty Center, a mixed-use hotel and office asset in Pittsburgh.
