IN-DEPTH LOOK: Starwood Capital Group acquires Liberty Center in Pittsburgh by Sara Kassabian Connecticut-based Starwood Capital Group has paid $135 million to a partnership between Forest City Enterprises and Jos. L. Muscarelle Inc. for the Liberty Center, a mixed-use hotel and office asset in Pittsburgh.
ASB Real Estate spends $230 million for its core fund by Andrea Waitrovich ASB Real Estate Investments has been adding prime properties to its portfolio on behalf of the Allegiance Fund, its $2.7 billion core real estate vehicle.
Chicago Park Employees enters infrastructure by Andrea Waitrovich The $420 million Chicago Park Employees' Annuity & Benefit Fund has committed $20 million to infrastructure.
Square Mile hires new vice president by Andrea Waitrovich Melissa Green Pearson has joined Square Mile Capital Management as vice president of investor relations and business development.
NCREIF releases second quarter results for NPI, ODCE by Sara Kassabian The NCREIF Open-end Diversified Core Equity Index (ODCE) and NCREIF Property Index (NPI) both surpassed their first quarter returns in the second quarter, according to the National Council of Real Estate Investment Fiduciaries (NCREIF).
U.S. transaction volume increases by 13 percent in second quarter by Sara Kassabian The office and hotel sectors posted the biggest gains in transaction volume in the second quarter, according to Real Capital Analytics, which has released its 2013 midyear review of the U.S. commercial real estate market.
NYSTRS makes $100 million follow-on real estate investments by Andrea Waitrovich The $95.1 billion New York State Teachers Retirement System (NYSTRS) has approved new investments in real estate totaling $100 million at its July 24 meeting.
Farmland and timberland post positive returns in the second quarter by Sara Kassabian After posting the highest first quarter returns to date, the farmland index's returns were significantly lower in the second quarter, while the timberland index performed strongly with positive returns, according to the National Council of Real Estate Investment Fiduciaries.
IN-DEPTH LOOK: CalPERS and CommonWealth Partners venture acquires 1888 Century Park East from Blackstone for $305 million by Ross Dohrmann A joint venture between the California Public Employees' Retirement System (CalPERS) and CommonWealth Partners is under contract with The Blackstone Group to acquire 1888 Century Park East, a class A property in West Los Angeles.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included properties in Washington, D.C., and Manhattan.
Heitman raises additional $506.3 million for open-end fund by Andrea Waitrovich Heitman has raised an additional $506.3 million for its core open-end fund Heitman America Real Estate Trust (HART), according to a filing with the Securities and Exchange Commission.
Brookfield closes Strategic Real Estate Partners Fund by Sara Kassabian Toronto-based Brookfield Asset Management has surpassed its fundraising target for Brookfield Strategic Real Estate Partners, raising $4.4 billion in a final close.
APFC commits $100 million to U.S. industrial by Andrea Waitrovich The board of trustees of the $47.4 billion Alaska Permanent Fund Corp. (APFC) has approved a $100 million commitment to U.S. industrial real estate during its July 18 meeting.
CRPTF searches for core real estate manager by Sara Kassabian The $25.9 billion Connecticut Retirement Plans and Trust Funds has plans to select an open-end core real estate fund manager.
Colony launches third distressed debt fund by Andrea Waitrovich Colony Capital has launched a third fund in its distressed credit fund series.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included an office property in Manhattan.
Pennsylvania SERS approves $30 million investment by Andrea Waitrovich The board of the $25.7 billion Pennsylvania State Employees' Retirement System (SERS) has approved a $30 million commitment to Hawkeye Scout Fund II.
Texas Teachers invests $550 million in real estate and infrastructure by Ross Dohrmann, released 7/15/13 The $116.1 billion Texas Teacher Retirement System (TRS) has committed a combined $550 million into two real estate funds and one infrastructure fund.
Ram Realty Partners III holds final close by Sara Kassabian Florida-based Ram Real Estate has held a $150 million final close for its Ram Realty Partners III.
Massachusetts pension plan searches for real estate manager by Ross Dohrmann The $655 million Norfolk County (Mass.) Retirement System (NCRS) has issued an RFP for a new private equity real estate manager.
