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.
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.
