Investors | Mar 12, 2014 Brookfield marketing fourth debt fund by Andrea Waitrovich Brookfield Asset Management has a fourth real estate debt fund, Brookfield Real Estate Finance IV, in the market, according to a filing with the SEC. A fundraising equity target was not disclosed.
Fundraising | Mar 11, 2014 CLSA raises $385m for third fund by Andrea Waitrovich Hong Kong-based CLSA Capital Partners has raised $385 million for its Fudo Capital III, according to a filing with the SEC.
LACERS issues RFP for REIT manager by Andrea Waitrovich The $13.0 billion Los Angeles City Employees' Retirement System has issued an RFP for one or investment managers to manage approximately $65 million in a global or U.S.-focused REIT strategy.
Fundraising | Mar 7, 2014 KanAm to sell off open-end fund assets by Reg Clodfelter KamAm Grund Group is in the liquidation and disposal process for its open-end real estate fund, KanAm Grundinvest Fonds, and expects the remaining 40 properties, worth an estimated €3.6 billion ($5 billion) in total, to be sold by Dec. 31, 2016.
Research | Mar 7, 2014 Unemployment rate hangs steady, but labor participation rate at 35-year low by Reg Clodfelter The Bureau of Labor Statistics released its monthly unemployment report with February's job numbers today, reporting that the unemployment rate increased by a mild 0.1 percent since January to 6.7 percent.
Transactions | Mar 7, 2014 Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included an office in Brooklyn and a hotel in Honolulu.
Transactions | Mar 6, 2014 IN-DEPTH: Crow Holdings buys historic Denver hotel by Andrea Waitrovich Crow Holdings Fund VI, managed by Crow Holdings Capital Partners, has purchased Brown Palace Hotel in Denver. Here's an in-depth look at the deal.
Fundraising | Mar 6, 2014 OFS launches $175m energy fund by Andrea Waitrovich Houston-based OFS Energy Fund has launched a third energy fund, according to a filing with the SEC.
Transactions | Mar 6, 2014 IN-DEPTH: Two California firms buy Hawaiian resort property by Andrea Waitrovich The Ritz-Carlton, Kapalua Resort in Kapalua, Hawaii, was sold to a partnership between Michael Rosenfeld's Woodridge Capital Partners and Colony Capital and its affiliates including Colony Financial. Here's an in-depth look at the deal.
Research | Mar 5, 2014 Orlando property market cools off by Reg Clodfelter After recording the biggest year-over-year change of any of the top 40 U.S. markets in 2013 -- a 106.0 percent increase over 2012, according to data from Real Capital Analytics -- it seems that the property market in Orlando may be coming back to earth.
Fundraising | Mar 4, 2014 Dune raises $359m for third real estate fund by Andrea Waitrovich Dune Real Estate Partners has raised $359 million for its third real estate fund, Dune Real Estate Fund III, according to a filing with the SEC.
Investors | Mar 4, 2014 MainePERS approves potential $25m secondary investment by Reg Clodfelter At a recent board meeting, the $12.2 billion Maine Public Employees Retirement System authorized an acquisition worth up to $25 million for a limited partner position in Westbrook Real Estate Fund IX.
Investors | Mar 4, 2014 CBRE awarded $200m global mandate by Andrea Waitrovich A collection of large Asian insurance companies has awarded a $200 million discretionary global mandate to the separate accounts group of CBRE Global Investors to build a core/core-plus real estate portfolio in the United States and Europe.
Investors | Mar 3, 2014 Malaysia's EPF forms second JV with Goodman by Andrea Waitrovich, released 2/13/14 The Employees Provident Fund of Malaysia and Australia-based Goodman Group has formed a joint venture, called the KWASA Goodman German.
Transactions | Mar 3, 2014 IN-DEPTH: Mirae buys D.C. office for $157m by Andrea Waitrovich South Korea-based Mirae Asset Global Investments, also known as Mirae Asset Financial Group, has purchased an office building in Washington, D.C. Here's an in-depth look at the deal.
Investors | Mar 3, 2014 StanCERA to add $38 million to real estate portfolio by Reg Clodfelter The $1.7 billion Stanislaus County (Calif.) Employees' Retirement Association has decided to up its real estate allocation from 1.5 percent to 3.5 percent.
Transactions | Feb 28, 2014 Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions include an office property in Washington, D.C., and a hotel building in Chicago.
Investors | Feb 27, 2014 Michigan retirement system invests $55m in real estate by Andrea Waitrovich The $761 million Wayne County (Mich.) Employees' Retirement System has invested $55 million in three real estate funds, according to the recently posted minutes of the Feb. 7 meeting.
Fundraising | Feb 27, 2014 Clarion and Campus raise $115m for student housing fund by Andrea Waitrovich Clarion Partners has raised $114.6 million in a first close for its Campus-Clarion Student Housing Partners, according to a filing with the SEC.
Investors | Feb 27, 2014 CalSTRS commits $818m to real estate by Andrea Waitrovich The California State Teachers' Retirement System has invested $818 million in real estate in third quarter 2013, committed in 10 separate investments according to its fourth quarter investment report.
