Investors | Oct 1, 2014 Partners Group closes secondary program at $2b by Andrea Waitrovich Partners Group has announced the close of its dedicated real estate secondaries program at its hard cap of $1.95 billion.
Investors | Oct 1, 2014 OPERF to invest as much as $1.3b in real estate by Reg Clodfelter The Oregon Public Employees Retirement Fund expects its real estate investment pacing in 2015 to entail commitments of approximately $900 million to $1.3 billion.
DDR sells shopping center portfolio in Utah for $226m by Andrea Waitrovich Excel Trust has acquired three shopping centers in Utah for $225.6 million.
Ctrip buys stake in Shanghai office for $497m by Andrea Waitrovich Real estate developer Soho China Investment Co. has sold an undisclosed stake in 1.08 million square feet and certain auxiliary facilities in the Sky Soho office property in Shanghai.
Japanese office assets change hands for $550m by Andrea Waitrovich Two office properties in Tokyo are under contract to be sold in separate deals for a total of ¥60.4 billion ($550 million).
CalPERS budgets $5.4b for real assets in fiscal year by Reg Clodfelter The California Public Employees' Retirement System has budgeted up to $5.4 billion for investment in real assets for fiscal year 2015.
Hammerson buys 40% stake in U.K. mall for £184m by Andrea Waitrovich Hammerson Plc has purchased a 40 percent stake from its joint venture partner in Highcross Leicester, a shopping mall in Leicester, England, for £183.87 million ($298.72 million).
Cordea Savills acquires retail asset in Sweden by Andrea Waitrovich Cordea Savills has purchased a retail park in Stockholm for €32 million ($40 million) on behalf of its European Retail Fund.
Two German properties sell for $413m by Andrea Waitrovich Two German properties changed hands in separate deals for a total of more than €325.7 million ($413.3 million).
Texas School Fund comes back to Blackstone by Reg Clodfelter The Texas Permanent School Fund is re-upping with The Blackstone Group, committing another $25 million.
Illinois State Universities looks for noncore manager by Reg Clodfelter The State Universities Retirement System of Illinois has issued an RFP for one or more noncore real estate fund managers to manage approximately $100 million.
AXA Tokyo office property fund fully invested by Andrea Waitrovich AXA Real Estate Investment Managers completed the acquisition of the Nishi Shinjuku KF Building, on behalf of its Tokyo Office Property Fund.
Equus to launch 10th investment fund by Andrea Waitrovich Equus Capital Partners has plans to launch a 10th fund with a value-added strategy style.
Nearly 80% of maturing CMBS loans pay off on time in August by Reg Clodfelter Of the 145 performing CMBS loans worth $1.44 billion scheduled to mature in August, 108 of them, totaling $1.15 billion, matured and paid off on time.
Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were an office property and an apartment complex in New York City.
Stellar JV buys Manhattan apartment assets by Andrea Waitrovich Stellar Management and its partner Chetrit Group have purchased two apartment properties in Manhattan from Schneider & Schneider.
Goldman Sachs buys South Towne Center for $250m by Andrea Waitrovich Goldman Sachs has agreed to acquire the nine-building mall South Towne Center in Sandy, Utah, for approximately $250 million.
MassPRIM's real estate portfolio beats benchmark by Reg Clodfelter The $5.5 billion real estate portfolio of Massachusetts' $60.7 billion Pension Reserves Investment Trust beat its benchmark by 140 basis points.
U.S. cap rates continue to contract across property types by Reg Clodfelter Capitalization rates compressed or remained essentially flat across most property sectors and U.S. cities in the first half of 2014, according to the latest survey from CBRE.
TMRS commits $308m to high-yield real estate by Reg Clodfelter The $23.5 billion Texas Municipal Retirement System has committed $308 million, divided between five managers, to value-add and opportunistic real estate.
