MassPRIM posts RFP for real estate, timber consultant by Reg Clodfelter The Massachusetts Pension Reserves Investment Management Board has published an RFP on its website for general real estate investment consulting services, timber investment consulting services or project real estate consulting services.
Harrison's open-end fund continues to redefine "core" by Reg Clodfelter The only fund of its type, the Harrison Street Core Property Fund is an open-end fund that gets core-grade risk and returns by targeting stabilized, income-producing properties in niche asset classes.
Transactions | Apr 18, 2014 Manhattan's Mobil Building to sell for $900m by Andrea Waitrovich Real estate investor David Werner has agreed to buy the office building at 150 E. 42nd St., also known as the Mobil Building, in midtown Manhattan.
Transactions | Apr 18, 2014 IN-DEPTH: Sumitomo Corp. invests in Chicago by Andrea Waitrovich The American entity of Tokyo-based Sumitomo Corp. has acquired 203 N. LaSalle, an office building in Chicago's Central Loop District.
Transactions | Apr 18, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was an office property in Miami.
Transactions | Apr 17, 2014 UPDATED: Blackstone to pay $410m for CBD Sydney office building by Andrea Waitrovich The Blackstone Group is contracted to buy a 50 percent partial interest in Westpac Place, an office building in Sydney's CBD, for approximately $410 million. CBRE and JLL are representing the seller, Mirvac Funds Management.
People | Apr 17, 2014 Tennessee hires J.P. Rachmaninoff as director of real estate by Reg Clodfelter The $40.4 billion Tennessee Consolidated Retirement System has hired J.P. Rachmaninoff to be its new director of real estate, replacing the former director, Peter Katseff.
Research | Apr 17, 2014 U.S. office market absorption increases significantly in first quarter 2014 by Reg Clodfelter Year-over-year gains in U.S. market absorption hit 133 percent in first quarter 2014, with no market showing a greater increase than Houston, which recorded nearly 1 million square feet of absorption, compared with just 36,000 square feet during the same period a year ago, according to new research from Cushman & Wakefield.
Transactions | Apr 16, 2014 Blackstone to acquire Alban Gate for $500m by Andrea Waitrovich The Blackstone Group has agreed to buy Alban Gate, a London office property, for approximately $500 million, or $1, 309 per square foot.
Investors | Apr 16, 2014 New Mexico commits $185m to REITs, European real estate by Reg Clodfelter The $10.7 billion New Mexico Educational Retirement Board has committed a total of $185 million to European real estate strategies and the retirement board
Investors | Apr 16, 2014 LACERA to potentially invest $1.5b in real estate by Reg Clodfelter The real estate committee of the $42.2 billion Los Angeles County Employees Retirement Association recently approved the recommendation of a real estate investment plan for fiscal year 2014.
Transactions | Apr 15, 2014 Credit Agricole, Aviva buy Paris campus for by Andrea Waitrovich Credit Agricole Assurances, Aviva and AFER Realty have purchased the SFR Campus located in Saint-Denis, a submarket of Paris, for €680 million or €471 per square foot ($936.7 million and $649 per square foot). The sellers were Vinci Immobilier and French telecommunications operator SFR.
Transactions | Apr 15, 2014 Deutsche Annington buys German residential portfolio for $1.3b by Andrea Waitrovich Deutsche Annington Immobilien SE has completed the purchase of the DeWAG portfolio of German residential properties for $1.3 billion, or $113,072 per unit.
Transactions | Apr 15, 2014 LaSalle, Harvest makes second acquisition as partners by Andrea Waitrovich LaSalle Investment Management and Harvest Properties have acquired two mid-rise towers totaling 276,551 square feet in San Mateo, Calif., from Fisher Investments.
Transactions | Apr 15, 2014 IN-DEPTH: Walton Street sells Phoenix area resort for $308m by Andrea Waitrovich Walton Street Capital has sold the 65-acre resort property Fairmont Scottsdale Princess in Scottsdale, Ariz. Here's an in-depth look at the transaction.
Transactions | Apr 15, 2014 Blackstone acquires San Francisco office property valued at $1.2b by Andrea Waitrovich The Blackstone Group is under contract to purchase a 49 percent partial interest One Market Plaza, an office property located in San Francisco.
Investors | Apr 15, 2014 Texas Teachers commits $500m to real estate by Reg Clodfelter The $123.9 billion Teacher Retirement System of Texas has committed $300 million to Lone Star Fund IX and $200 million to Fudo Capital III.
Investors | Apr 15, 2014 SBCERA approves potential $50m commitment, consolidates consultants by Reg Clodfelter The San Bernardino County (Calif.) Employees' Retirement Association approved a recommendation for a $50 million investment in Invesco and may consolidate its consulting team.
Fundraising | Apr 15, 2014 Invesco markets first commingled core fund with focus on Asia Pacific by Reg Clodfelter Invesco Real Estate is currently marketing its first ever commingled core real estate fund focused on the Asia Pacific region.
Investors | Apr 15, 2014 PREI to buy Silicon Valley office property by Andrea Waitrovich Prudential Real Estate Investors has agreed to purchase the Cisco Tower an office building in Santa Clara, Calif., a suburb of San Jose. A sales price was not disclosed.
