Transactions | Aug 28, 2018 CalSTRS to buy NYC Terminal property in $800m deal by Andrea Zander The California State Teachers’ Retirement System has been named one of the buyers for the $880 million acquisition of the Terminal Stores building in Manhattan’s Chelsea neighborhood.
Transactions | Aug 28, 2018 Kildare Partners launches €730m bid for Technopolis by Andrea Zander A fund that is advised by an affiliate of Kildare Holdings, has launched a €729.7 million ($855.29 million) bid for Technopolis Plc.
People | Aug 28, 2018 Meyer Bergman adds to its senior executive team by Released Meyer Bergman has made key additions to its senior executive team.
Investors | Aug 27, 2018 University of Wisconsin approves $1.9b capital construction program by Andrea Zander The University of Wisconsin System Board of Regents has approved a $1.96 billion 2019-2021 capital program.
Fundraising | Aug 27, 2018 Ares Management raises $836m for U.S. real estate fund by Jody Barhanovich Ares Management, a Los Angeles–based global alternative asset manager, has raised $836.1 million for its ninth U.S. real estate fund.
Transactions | Aug 27, 2018 DCS Investment Holdings to develop $282m Orlando resort by Andrea Zander Marriott International has plans to build a 16-story, $282 million JW Marriott Orlando Bonnet Creek Resort with development starting in the fourth quarter 2018.
People | Aug 27, 2018 Multi Corporation appoints Turkey CEO by Andrea Zander Blackstone’s European retail property platform Multi Corporation has appointed a new Turkey CEO.
Investors | Aug 27, 2018 Illinois MRF plans to no longer pursue several real estate commitments by Jody Barhanovich The $41.3 billion Illinois Municipal Retirement Fund has plans to no longer pursue two previous commitments to real estate funds.
People | Aug 27, 2018 Crow Holdings Capital – Real Estate hires NYC-based director by Andrea Zander Crow Holdings Capital – Real Estate has appointed Matt Holberton to be a New York City–based director in its Investor Relations & Portfolio Management group.
Transactions | Aug 27, 2018 Exeter Property Group purchases light industrial portfolio for $148m by Released Adler Real Estate Partners has sold a 20-building, class A light industrial portfolio totaling 1.25 million square feet in Dallas, Houston, and Charlotte, N.C., for $148 million.
Transactions | Aug 24, 2018 CoreCivic buys government-leased Baltimore office for $242m by Andrea Zander CoreCivic has acquired a 540,566-square-foot Social Security Administration (SSA) office building in Baltimore (SSA-Baltimore) for $242 million.
Transactions | Aug 24, 2018 CommonWealth Partners pays $450m for Boston office building by Andrea Zander CommonWealth Partners has acquired the Pier 4 office building in Boston’s seaport district from developer Tishman Speyer for $450 million.
Fundraising | Aug 24, 2018 American Realty Advisors raises capital for core open-end fund by Jody Barhanovich American Realty Advisors, a Los Angeles–based commercial real estate investment manager, has raised additional capital for its core open-end real estate fund.
Transactions | Aug 24, 2018 Region pays $230m for Jönköping city portfolio by Andrea Zander Fastighets AB Region has acquired seven centrally located office and commercial properties with a rentable area of about 70,000 square meters (753,000 square feet) in Jönköping city, Sweden’s 10th-largest urban area.
Investors | Aug 24, 2018 CCCERA commits $75m to Invesco’s fifth U.S. value-add fund by Jody Barhanovich The $7.61 billion Contra Costa County (Calif.) Employees’ Retirement Association has made a $75 million commitment to a fund managed by Invesco.