ODCE rebounds after lower first quarter by Reg Clodfelter After a lower first quarter with returns at 2.52 percent, the NCREIF Open-end Diversified Core Equity Index bounced back in the second quarter, returning 2.93 percent.
People | Aug 7, 2014 CBRE managing director leaves by Andrea Waitrovich Jim Costello has left CBRE as its managing director of Americas research.
Investors | Aug 7, 2014 Spanish property assets change hands by Andrea Waitrovich Investors have been snapping up properties in Spain, with several trading in recent weeks.
Investors | Aug 6, 2014 Louisiana Teachers to invest up to $550m in real estate and private market debt by Reg Clodfelter The $16.7 billion Teachers' Retirement System of Louisiana is planning to invest $150 million into real estate and $400 million into private market debt during the fiscal year 2015.
Investors | Aug 6, 2014 NYSTRS commits $350m to real estate during Q2 by Reg Clodfelter The $107.6 billion New York State Teachers' Retirement System committed $350 million, divided between four commitments, to real estate during the second quarter.
Timber continues strong 2014 by Reg Clodfelter Though returns were down from the first quarter's stellar 1.60 percent return, timberland still experienced the best second quarter since 2007, according to the National Council of Real Estate Investment Fiduciaries' Timberland Index.
Transactions | Aug 6, 2014 Mori Hills REIT buys Tokyo office for $744m by Andrea Waitrovich Japanese developer Mori Building has sold its headquarters, the Ark Hills South Tower in Tokyo, ¥76.6 billion, or ¥197,515 per square foot ($744.4 million/$1,919 per square foot). Mori Hills REIT was the buyer of the 387,820-square-foot, 20-story office.
Transactions | Aug 6, 2014 IN-DEPTH: Ivanhoé Cambridge, Sears Canada sell interests in Canadian shopping center by Andrea Waitrovich Ivanhoé Cambridge and Sears Canada have agreed to sell their interests in Kildonan Place, a shopping center located in Winnipeg, Manitoba.
CMBS delinquency rate continues to drop, decline slowed by Reg Clodfelter For the 14th straight month, the delinquency rate for U.S. commercial real estate loans in CMBS declined, but the drop slowed to a crawl as July's rate (6.04 percent) only beat out June's (6.05 percent) by 1 basis point.
Transactions | Aug 5, 2014 Tishman Speyer sells several assets around the globe by Andrea Waitrovich Tishman Speyer has plans to sell several assets in Los Angeles and London, totaling approximately $522.1 million in sales price.
Transactions | Aug 5, 2014 IN-DEPTH: Unibail-Rodamco sells six malls for $1.2b by Andrea Waitrovich Unibail-Rodamco SE has agreed to sell a portfolio of six shopping centers anchored by retailer Carrefour and located across France to Carmila.
Fundraising | Aug 5, 2014 NGP raises $1.3b for natural resources fund by Reg Clodfelter NGP Energy Capital Management has raised $1.3 billion for NGP Natural Resources XI, which launched in July 2013 with a $4.8 billion hard cap.
Transactions | Aug 4, 2014 Fibra Uno to buy Mexico City complex for $409.7m by Andrea Waitrovich Mexican REIT Fibra Uno has paid 5.4 billion pesos ($409.7 million) for the Samara Corporate, Hotel and Mall complex in Mexico City.
Transactions | Aug 4, 2014 Ponte Gadea enters Toronto with $235m buy by Andrea Waitrovich Spain-based Ponte Gadea is in contract to buy Renaissance Plaza, a 269,205-square-foot office property in Toronto, for $235.1 million.
Investors | Aug 4, 2014 Oregon Public Employees commits $200m to office JV with Lionstone by Reg Clodfelter The $68.7 billion Oregon Public Employees Retirement Fund has committed $200 million to Lionstone Partners for a joint venture titled Lionstone OPERF Real Estate One.
Transactions | Aug 1, 2014 New York REIT pays $335m for Twitter HQ by Andrea Waitrovich New York REIT has purchased Twitter's headquarters in Manhattan located at 245
Transactions | Aug 1, 2014 JP Morgan buys Hawaiian retail mall for $700m by Andrea Waitrovich, 8/1/14; released 6/6/14 JP Morgan Asset Management has acquired the 310,000-square-foot Royal Hawaiian Shopping Center in Honolulu.
Transactions | Aug 1, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were an office in Boston and an apartment complex in Los Angeles.
Transactions | Jul 31, 2014 AEW sells more than $1b in assets by Andrea Waitrovich AEW Capital Management has shed many assets in Europe and the United States.
Transactions | Jul 31, 2014 IN-DEPTH: Cousins buys North Carolina office property for $215m by Andrea Waitrovich Cousins Properties has purchased Fifth Third Center in Charlotte, N.C., for $215 million, or $317 per square foot.
