Transactions | May 23, 2014 Oxford venture to buy Manhattan property for $545m by Andrea Waitrovich A venture between Crown Acquisitions and Oxford Properties Group, the real estate arm of the Ontario Municipal Employees Retirement System, has plans to buy the 33-story building at 450 Park Ave. in Manhattan for $545 million.
Transactions | May 23, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was a property in Las Vegas.
Investors | May 22, 2014 Texas ERS aims to commit $325m to real estate during fiscal year by Reg Clodfelter The approximately $25 billion Employees' Retirement System of Texas is aiming to commit at least $325 million to real estate in three to 15 deals during fiscal year 2015.
Transactions | May 22, 2014 GPT buys four Australian office assets for $900m by Andrea Waitrovich GPT Wholesale Office Fund, managed by GPT Group, has agreed to acquire four Australian office assets for a total property value of A$968.2 million ($896.9 million) from Dexus Property Group and the Canada Pension Plan Investment Board.
Transactions | May 22, 2014 Three NYC properties sell in two separate deals for $1.3b by Andrea Waitrovich BNY Mellon has sold a 1.1 million-square-foot building in Manhattan for $585 million, while Empire State Realty Trust has acquired two NYC office buildings totaling 1.6 million square feet for $734 million.
Transactions | May 22, 2014 Plenary sells 25 percent interest in $325m Australian mall by Andrea Waitrovich Plenary Group has sold a 25 percent partial interest in DFO Southwharf, a 695,819-square-foot mall in South Wharf, Australia, to Colonial First State Retail Property Trust.
Fundraising | May 22, 2014 Energy & Minerals raises more than $3b for third fund by Andrea Waitrovich Energy & Minerals Group has been marketing a third fund to invest globally in the oil, gas, iron ore and coal mining sectors.
Fundraising | May 22, 2014 Morgan Stanley raises $138m for secondaries fund by Reg Clodfelter Morgan Stanley has raised $138.25 million for AIP Phoenix Global Real Estate Fund II Feeder 2013, according to a filing with the SEC.
Investors | May 21, 2014 San Francisco commits $50m to value-added real estate by Reg Clodfelter The San Francisco Employees' Retirement System has committed $50 million to Gaw Capital's U.S. Value-Add Fund, according to Norm Nickens, board secretary with SFERS.
Investors | May 21, 2014 Sacramento commits $115m to infrastructure by Reg Clodfelter The Sacramento County (Calif.) Employees' Retirement System has recently committed $115 million to infrastructure and energy.
Transactions | May 21, 2014 ARCP sells shopping center portfolio to Blackstone for $2b by Andrea Waitrovich American Realty Capital Properties has plans to sell nearly all of its shopping centers to Blackstone Real Estate Partners VII, an entity managed by The Blackstone Group, for $1.98 billion.
Transactions | May 21, 2014 Irvine buys Chicago office tower for $850m by Andrea Waitrovich The Irvine Co. has purchased 300 N. LaSalle, a 60-story office tower in Chicago, for $850 million, $654 per square foot, from KBS REIT II after a competitive bidding process overseen by HFF.
Fundraising | May 20, 2014 Nordic fund holds €148m first close, acquires first asset by Andrea Waitrovich Nordic Real Estate Partners announced a €148 million ($202.8 million) first closing for its Nordic Strategies Fund on May 7.
Transactions | May 20, 2014 Unibail-Rodamco acquires stake in German mall by Andrea Waitrovich Unibail-Rodamco has closed on the acquisition of a 50 percent interest in CentrO, a 2.5 million-square-foot mall in Oberhausen, Germany.
Transactions | May 20, 2014 Kildare buys Mars portfolio for €1b by Andrea Waitrovich Deutsche Bank has sold the remains of its Mars Fixed I Loan portfolio of distressed German assets for €1 billion ($1.37 billion) to Kildare Partners.
Transactions | May 19, 2014 Blackstone Group to sell five Boston high-rise towers for $2b by Andrea Waitrovich The Blackstone Group has agreed to sell five Boston-area high-rise office towers to a venture led by Oxford Properties Group, the property investment arm of the Ontario Municipal Employees Retirement System, for approximately $2.1 billion.
Transactions | May 19, 2014 Google pays $250m for Northern California office campus by Andrea Waitrovich Google is to buy a 397,510-square-foot office park in Mountain View, Calif., for approximately $250 million, or $626 per square foot.
Transactions | May 19, 2014 SL Green acquires partner's interest in NYC property by Andrea Waitrovich SL Green Realty Corp. has completed its purchase of a 49.4 percent interest in the Citigroup headquarters building in Manhattan from its joint venture partner.
Investors | May 19, 2014 San Diego commits $50m to opportunistic Asian real estate by Reg Clodfelter The $6.5 billion San Diego City Employees' Retirement System is looking to invest in high-yielding Asian real estate, committing $50 million to LaSalle Investment Management's Asia Opportunity Fund IV.
Fundraising | May 19, 2014 AG Co. holds $1b final close for third fund by Andrea Waitrovich Angelo, Gordon & Co. has held a $1.026 billion final close for AG Net Lease Realty Fund III on April 8.
