Fundraising | Jun 17, 2014 Harbert fund holds $400m final close by Andrea Waitrovich Harbert United States Real Estate Fund V, a value-added/opportunistic fund managed by Harbert Management Corp., has held a $400 million final close.
Research | Jun 17, 2014 International investors drive liquidity in global real estate by Andrea Waitrovich Global invested property stock set a new record level of $12.9 trillion at year-end 2013, driven by improving sentiment and capital value recovery, according to the 40th edition of the Money into Property 2014 report by DTZ.
Transactions | Jun 16, 2014 IN-DEPTH: LaSalle fund sells iconic hotel in Sydney CBD by Andrea Waitrovich LaSalle Investment Management has agreed to sell its 100 percent shareholding interest in Sofitel Wentworth Sydney to Frasers Centrepoint.
Investors | Jun 13, 2014 Connecticut commits $100m to real estate, considers $100m more by Reg Clodfelter On behalf of the Connecticut Retirement Plans and Trust Funds, Connecticut State Treasurer Denise L. Nappier has decided to make a commitment of up to $100 million to Clarion Lion Industrial Trust.
Fundraising | Jun 13, 2014 Cypress raises $386m for retail fund by Reg Clodfelter Dallas-based Cypress Equities has raised $386.25 million for Cypress Acquisition Partners Retail Fund, the emerging manager's first fund, according to a filing with the SEC.
Investors | Jun 13, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were an office and an apartment on the East Coast.
Transactions | Jun 12, 2014 DDR and Blackstone form $2b retail JV to acquire shopping centers by Andrea Waitrovich DDR Corp. has joined in on the $1.975 billion acquisition of American Realty Capital Properties shopping center portfolio by Blackstone Real Estate Partners VII, an affiliate of The Blackstone Group.
People | Jun 12, 2014 LACERS narrows down REIT manager search, approves new pacing plan by Reg Clodfelter The Los Angeles City Employees' Retirement System has narrowed its search for one or more investment managers to actively manage approximately $65 million in a long-only, publicly traded U.S. or global REITS strategy to three candidates.
Investors | Jun 12, 2014 New Mexico commits $75m to real estate debt by Reg Clodfelter The $19.2 billion New Mexico State Investment Council has committed $75 million to the Brookfield Real Estate Finance Fund IV, a real estate debt vehicle sponsored by Brookfield Asset Management that invests domestically.
Transactions | Jun 12, 2014 IN-DEPTH: Green REIT acquires Irish portfolio for €375m by Andrea Waitrovich Green REIT, the Irish property investment company, has exchanged conditional contracts with the Cosgrave Property Group for a portfolio of Irish assets.
Transactions | Jun 12, 2014 Steen & Strom sells five Swedish shopping centers for $486m by Andrea Waitrovich Steen & Strøm has sold five shopping centers in Sweden for €359 million ($486 million) to a subsidiary of Olav Thon Eiendomsselskap ASA, which is part of the Olav Thon Group.
Fundraising | Jun 11, 2014 Greystar closes $800m multifamily acquisition fund by Andrea Waitrovich Greystar Real Estate Partners has held an $800 million close for its Greystar Equity Partners VIII, a discretionary commingled fund focused on the acquisition of value-add multifamily assets across the United States.
Investors | Jun 11, 2014 CalSTRS commits $200m to Asian core real estate by Reg Clodfelter The $183.8 billion California State Teachers' Retirement System has committed $200 million to Invesco Real Estate Asia Fund, an open-end core fund sponsored by Invesco Real Estate that will invest across property types in a wide range of Asian markets.
Transactions | Jun 11, 2014 IN-DEPTH: Blackstone and DeAWM sell East Bay office for $155m by Andrea Waitrovich Swift Realty Partners has purchased the California Center, located in the Hacienda Business Park in Pleasanton, Calif., for $155 million, or $148 per square foot.
Fundraising | Jun 11, 2014 Gerding Edlen has $234m final close for urban fund by Reg Clodfelter Portland, Ore.-based Gerding Edlen has had a $234 million final close on Gerding Edlen Green Cities II, value-add/opportunistic fund that will invest in office and apartment properties in U.S. urban markets.
Fundraising | Jun 10, 2014 Velocis launches second fund by Andrea Waitrovich Velocis Fund has launched its second fund with $300 million fundraising target.
Fundraising | Jun 10, 2014 P2 Brasil raises $407m for Brazilian infrastructure fund by Reg Clodfelter Brazilian investment firm P2 Brasil has raised $407 million for its P2 Brasil Private Infrastructure Fund III.
Transactions | Jun 10, 2014 CWCapital takes title to massive NYC apartment project for $4b by Andrea Waitrovich CWCapital Asset Management, on behalf of a consortium of lenders, has taken title to Peter Cooper Village and Stuyvesant Town, one of Manhattan's largest apartment complexes totaling 11,232 units.
Transactions | Jun 10, 2014 Asian investment consortium to sell Chicago office for $375m by Andrea Waitrovich Downtown Properties, Korean Teachers' Credit Union and Korean Federation of Community Credit Cooperatives are selling Three First National Plaza.
Fundraising | Jun 10, 2014 Invesco launches fourth U.S. value-add fund by Reg Clodfelter Dallas-based Invesco Real Estate has launched Invesco U.S. Value-Add Fund IV with a $500 million fundraising goal.
