Investors | Apr 14, 2014 MainePERS commits $225m to infrastructure and real estate by Andrea Waitrovich The $12.3 billion Maine Public Employees' Retirement System has approved $225 million in commitments to real estate and infrastructure so far this year.
Fundraising | Apr 14, 2014 Angelo Gordon raises $52m for value-add fund by Reg Clodfelter Angelo, Gordon & Co. has raised $51.8 million for its AG Europe Realty Fund, a value-added fund that will invest in Europe.
Fundraising | Apr 11, 2014 Lone Star raises $5.3b for latest debt fund by Andrea Waitrovich Lone Star Funds has raised $5.31 billion for Lone Star Fund IX, its recently launched ninth global debt fund.
Transactions | Apr 11, 2014 Kimco acquires 12 properties for $408m by Andrea Waitrovich Kimco Realty Corp., a REIT based in New Hyde Park, N.Y., has acquired the remaining 60.9 percent interest in the 12-property Kimco Income Fund I portfolio.
Transactions | Apr 11, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included two offices properties in Boston and Washington, D.C., and an apartment complex in New York City.
Fundraising | Apr 10, 2014 Walton Street launches first debt fund, receives TMRS commitment by Andrea Waitrovich Walton Street Capital is marketing its first real estate debt vehicle, Walton Street Real Estate Debt Fund, and the Texas Municipal Retirement System approved a $100 million investment in the fund during its March meeting.
Research | Apr 10, 2014 FOMC minutes show uncertainty surround forward guidance by Reg Clodfelter The recently released minutes to the Federal Open Market Committee's March 18-19 board meeting show that while almost all participants agreed there was a need to scrap the "outdated" Evans rule (which set a 6.5 percent lower threshold for unemployment that determines how long the Federal Reserve will continue to suppress interest rates), there was uncertainty as to how the committee would update its forward guidance policy.
Fundraising | Apr 10, 2014 CalPERS could invest up to $12b in real assets by summer 2015 by Reg Clodfelter At an April 14 board meeting, the California Public Employees' Retirement System will review an asset allocation implementation plan that will allow the system to reach its new allocation targets, adopted in February 2014, by July 1, 2016, and its new real estate target by July 1, 2015.
Transactions | Apr 10, 2014 Italian real estate group sells French assets for $1.7b by Andrea Waitrovich Milan-based Risanamento SpA has sold six French properties for $1.68 billion to a joint venture between Chelsfield and The Olayan Group.
Transactions | Apr 9, 2014 GIC buys Tokyo property for $1b by Andrea Waitrovich Singapore's GIC will buy Meguro Gajoen, an office building located in Tokyo, for $1.3 billion, or $751 per square foot.
JDM Partners pays $550m for 12 properties by Andrea Waitrovich JDM Partners has purchased 12 properties from Lone Star Funds for $550.1 million.
Research | Apr 9, 2014 Confidence in Europe, its secondary markets, up in 2014 by Reg Clodfelter After recording the best year for commercial real estate investment since 2007, investor confidence in Europe has skyrocketed in 2014, with many investors ready to scour secondary markets for higher yields once again, according to the European Real Estate Investor Intentions Survey, 2014, by CBRE.
Transactions | Apr 9, 2014 IN-DEPTH: Gaw Capital buys Beijing complex for $928m by Andrea Waitrovich Gaw Capital Partners has agreed to acquire Pacific Century Place, a Beijing residential and commercial complex. Here's an in-depth look at the deal.
Fundraising | Apr 9, 2014 TH Real Estate replaces outlet mall fund by Reg Clodfelter Newly formed TIAA Henderson Real Estate has replaced the Henderson Outlet Mall Fund, which concluded its 10-year term in February 2014, with the European Outlet Mall Fund.
Transactions | Apr 9, 2014 IN-DEPTH: Lincoln Property sells office complex for $129m by Andrea Waitrovich Lincoln Property Co. and partner Angelo, Gordon & Co. have sold Griffin Towers, a class A trophy office complex in Santa Ana, Calif. Here's an in-depth look of the deal.
Fundraising | Apr 8, 2014 Activum holds $524m final close for European real estate fund by Andrea Waitrovich Activum has held a $524 million final close for its Activum SG Fund III, which targets underperforming real estate-related assets in Europe.
Investors | Apr 8, 2014 Texas C&D commits $50m to Carlyle by Reg Clodfelter The $23 billion Texas County & District Retirement System committed $50 million to Carlyle Realty Partners VII.
Transactions | Apr 8, 2014 IN-DEPTH: Meridian pays $315m for two D.C. buildings by Andrea Waitrovich The Meridian Group has bought Techworld Plaza at 801 Eye St. in Washington, D.C. Here's an in-depth look at the deal.
People | Apr 8, 2014 CEO of APREA resigns by Andrea Waitrovich Peter Mitchell has resigned as CEO of the Singapore-based Asia Pacific Real Estate Association, effective July 1. Peter Verwer will succeed Mitchell.
Iowa to issue REIT RFP by Reg Clodfelter At an April 4 meeting, the $26.76 billion Iowa Public Employees' Retirement System approved a request to issue an RFP for a U.S. REIT strategies mandate.
