Transactions | Jul 22, 2014 IN-DEPTH: Vornado sells two D.C. retail properties for $735m by Andrea Waitrovich Vornado Realty Trust has agreed to sell two retail properties in Washington, D.C., for $735 million.
Transactions | Jul 22, 2014 Harbor Group JV sells Manhattan office for $250m by Andrea Waitrovich A joint venture between Harbor Group International, and Israel-based firms Migdal Insurance and Menora Mivtachim Holdings has sold the 415,135-square-foot Fashion Gallery office property in Manhattan.
Transactions | Jul 22, 2014 Loan sales in Europe top $55b in H1 by Loretta Clodfelter European commercial real estate loan and REO sales totaled €40.9 billion ($55.3 billion) in the first half of 2013.
Investors | Jul 21, 2014 Illinois Municipal replaces agriculture separate account manager by Reg Clodfelter The $33.6 billion Illinois Municipal Retirement Fund recently terminated its $145 million separate account with Cozad/Westchester Agricultural Management to invest in row and permanent crops.
Transactions | Jul 21, 2014 IN-DEPTH: Tishman Speyer pays $359m for office building in London by Andrea Waitrovich Tishman Speyer has acquired The Point, a 232,772-square-foot office building located in the Paddington area of London's West End.
$7.7b in CMBS loans liquidated in 2014, losses average 49% by Reg Clodfelter Some 431 CMBS loans worth a combined $7.7 billion have been liquidated with losses during the first five months of 2014, with losses averaging 49.32 percent, according to the latest report from Trepp.
Fundraising | Jul 18, 2014 Starwood holds first close for 10th global fund by Andrea Waitrovich Starwood Capital Group held a first close for its Starwood Global Opportunity Fund X, raising approximately $2 billion in June.
Investors | Jul 18, 2014 Louisiana Teachers commits $125m to real estate, debt by Reg Clodfelter The $16.7 billion Teachers' Retirement System of Louisiana has committed to two funds.
Transactions | Jul 18, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions are two retail properties in Los Angeles and New York City.
Investors | Jul 17, 2014 CBRE sells 32 properties in the Netherlands to Lone Star by Andrea Waitrovich CBRE Global Investors has sold a portfolio of 32 office buildings in the Netherlands on behalf of CBRE Dutch Office Fund to an affiliate of Lone Star Funds.
Transactions | Jul 17, 2014 IN-DEPTH: Empire pays $734m for two Manhattan offices by Andrea Waitrovich Empire State Realty Trust has completed the acquisition of the ground and operating leases at 112 W. 34th St. and the ground lease at 1400 Broadway in New York City for a total of approximately $734 million in cash.
Transactions | Jul 17, 2014 Kimco buys 37 retail properties for $936m by Andrea Waitrovich Kimco Realty Corp. has purchased three property portfolios and a single property totaling 4.2 million square feet.
Research | Jul 17, 2014 CalPERS' real assets portfolio returns 13.4%, exceeding benchmark by Reg Clodfelter The California Public Employees' Retirement System reported a 13.4 percent return on its real assets portfolio for the 12 months that ended June 30, 2014, beating its benchmark by 160 basis points.
Fundraising | Jul 17, 2014 Iron Point raises $268m for third real estate fund by Reg Clodfelter Iron Point Partners has raised $267.97 million for its third real estate fund, Iron Point Real Estate Partners III, according to a filing with the SEC.
Investors | Jul 16, 2014 Illinois Teachers raises long-term real estate target by Reg Clodfelter The $43.6 billion Teacher Retirement System of Illinois has raised its long-term target allocation to real estate from 14 percent of its total portfolio to 15 percent.
Transactions | Jul 16, 2014 IN-DEPTH: Madison Marquette buys Seattle mall for $271m by Andrea Waitrovich Madison Marquette has paid $271 million, or $849 per square foot, for Pacific Place, a mall in Seattle.
Fundraising | Jul 16, 2014 Real estate funds closed with $12b in equity during H12014 by Andrea Waitrovich During the first half of 2014, 27 North American real estate funds have raised approximately $12.5 billion in final closes.
Fundraising | Jul 16, 2014 LaSalle raises $1b in three Asia-focused vehicles by Andrea Waitrovich LaSalle Investment Management has announced a $1 billion close for its LaSalle Asia Opportunity Fund IV and two other separate account mandates.
Fundraising | Jul 16, 2014 Invesco raises $100 million for value-add fund IV in first month by Reg Clodfelter Invesco Real Estate has raised $100 million for its recently launched Invesco U.S. Value-Add Fund IV in little over a month of fundraising.
Fundraising | Jul 15, 2014 Redwood Group raises additional $144m, grows Chinese warehouse sector by Andrea Waitrovich The Redwood Group, a Singapore-based logistics fund manager and the Asia logistics partner of Equity International, has closed a further $144 million investment from PGGM into Redwood's logistics real estate strategy in China.
