Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included an office property in Palo Alto, Calif., and a retail property in Bellevue, Wash.
Ohio SERS commits $100 million to core, open-end fund by Reg Clodfelter The School Employees Retirement System of Ohio (SERS) has approved a follow-on commitment of $100 million to RREEF America REIT II.
Investors | Oct 9, 2013 CBRE exceeds target with third multifamily development fund by Andrea Waitrovich CBRE Global Investors has held a final close for its CBRE Wood Partners Development Fund 3, exceeding its $200 million target with more than $300 million in equity commitments.
Washington state to increase real estate allocation by Reg Clodfelter The Washington State Investment Board has recently approved a 2 percent increase to its long-term target asset allocation to real estate, raising it from 13 percent to 15 percent.
UPDATE: California pension plans trade L.A. property in $900 million deal by Larry Gray The California State Teachers' Retirement System completed a textbook high-yield turnaround investment when it recently sold the City National Plaza in Los Angeles to its Sacramento neighbor the California Public Employees' Retirement System for a sales price pegged at more than $900 million by local sources.
Research | Oct 7, 2013 AEW Europe sees value in secondary German cities by Reg Clodfelter Germany remains a priority for real estate investors looking to invest capital in Europe, particularly due to improvement in the economy and near record pricing for core assets, according to new research by AEW Europe.
Valad Europe holds €180 million first close by Andrea Waitrovich Valad Europe has held a €180 million ($244 million) first close for its Valad European Diversified Fund, which will invest in core-plus and value-added assets in the United Kingdom and Germany.
Long Wharf holds final close for fourth fund by Andrea Waitrovich Long Wharf Real Estate Partners has held a final close for its Long Wharf Real Estate Partners IV (LWREP IV), raising $253.45 million.
BlackRock completes MGPA acquisition BlackRock has completed the acquisition of MGPA, creating a combined $23.5 billion global real estate investment platform as of the end of June 2013.
Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included a New York City office property and a Florida hotel property.
California pension plans trade L.A. property in $900 million deal by Larry Gray The California State Teachers' Retirement System completed a textbook high-yield turnaround investment when it recently sold the City National Plaza in Los Angeles to its Sacramento neighbor the California Public Employees' Retirement System for a sales price pegged at more than $900 million by local sources.
Ares Management raises €315.9 million for European fund by Reg Clodfelter Ares Management has raised €315.9 million ($427.3 million) for its Ares European Real Estate Fund IV.
Vermont seeks new noncore real estate manager by Reg Clodfelter The Vermont Pension Investment Committee is currently accepting proposals from investment firms to manage a noncore real estate mandate (value-add, opportunistic and/or real estate debt) for the system.
Investors | Oct 4, 2013 CBRE Capital Partners debt fund CIO and president leave firm by Andrea Waitrovich Jenna Gerstenlauer, who served as CIO of the CBRE Global Investors Capital Partners debt fund, has departed the firm.
Patria marketing third Brazilian real estate fund by Andrea Waitrovich Brazilian firm Patria Investments has a third Brazilian real estate fund, Patria Brazil Real Estate Fund III.
Australian pension funds set to allocate $75 billion to offshore investment by 2020 by Andrea Waitrovich Australia's superannuation funds have plans to invest $75 billion in overall offshore investments by 2020, with the United States and Europe likely to account for a large portion of investment capital, according to a report by Jones Lang LaSalle
Brookfield raises $299.6 million for second multifamily fund by Andrea Waitrovich Brookfield Asset Management and its affiliate Fairfield Residential Co. have raised $299.6 million for the Brookfield Fairfield U.S. Multifamily Value Add Fund II.
Hancock Timber raises $528.1 million for 12th fund by Andrea Waitrovich Hancock Timber Resource Group has raised $528.1 million for Hancock Timberland XII.
Carmel launches fifth multifamily fund by Andrea Waitrovich Carmel Partners has launched its fifth discretionary institutional real estate investment fund, Carmel Partners Investment Fund V.
N.Y.C. multifamily portfolio sells for $246 million by Andrea Waitrovich The Orbach Group has completed a two-part transaction in New York City.
