Investors | Jul 2, 2014 IPERS makes changes to real estate policy, reduces core target by Reg Clodfelter The $24.2 billion Iowa Public Employees' Retirement System made a handful of changes to its real estate investment policy at its most recent board meeting, including reducing its target to core real estate.
Investors | Jul 2, 2014 Lowe JV sells Seattle hotel for $127m by Andrea Waitrovich Lowe Enterprises Investors has sold a Seattle hotel on behalf of a national hotel investment venture with The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Co.
Transactions | Jul 1, 2014 GSH consortium buys Singapore office for $438m by Andrea Waitrovich A partnership between GSH Properties, Vibrant Group and TYJ Group has purchased Equity Plaza in Singapore for S$550 million.
People | Jul 1, 2014 Landmark hires Geoff Mullen as principal by Reg Clodfelter Landmark Partners has hired Geoff Mullen, formerly a managing director at Morgan Stanley Alternative Investment Partners, as principal with the firm.
Fundraising | Jul 1, 2014 New Jersey looks to shift real estate allocations by Reg Clodfelter According to its fiscal year 2015 investment plan, the New Jersey Division of Investment is looking to raise its allocation to real estate equity and private real assets, and subsequently reduce its allocation to real estate debt.
Investors | Jun 30, 2014 Pennsylvania Teachers commits to real estate debt, natural gas by Reg Clodfelter Pennsylvania's Public School Employees' Retirement System has committed $150 million to real estate debt, as well as $100 million to natural gas.
Transactions | Jun 30, 2014 BlackRock property fund sells retail real estate portfolio in Germany by Andrea Waitrovich The BlackRock Europe Property Fund III, part of BlackRock's real estate business, has sold its stake in companies holding a portfolio of around 70 retail stores in Germany to GIG Grundbesitz Immobilien and GIG Grundbesitz Beteiligungs.
People | Jun 30, 2014 SFERS searches for real assets consultant, launches program by Reg Clodfelter The $19 billion San Francisco City and County Employees' Retirement System is currently searching for a consultant for its newly formed real assets portfolio.
M&G Real Estate pays $522m for RBS headquarters by Andrea Waitrovich M&G Real Estate has purchased the two-building RBS headquarters in Manchester, England, for £306 million ($521.9 million).
Transactions | Jun 30, 2014 Manhattan apartment complexes sell for $500m by Andrea Waitrovich Joint venture partners Stellar Management and Chetrit Group have paid $500 million for two midrise and high-rise apartments.
Transactions | Jun 27, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transaction was an office property in New York City.
Investors | Jun 26, 2014 Texas C&D commits $100m to real estate, $70m to infrastructure by Reg Clodfelter The $23.5 billion Texas County & District Retirement System committed $100 million to real estate and infrastructure.
Transactions | Jun 26, 2014 J.P. Morgan buys three San Francisco assets for $415m by Andrea Waitrovich J.P. Morgan has purchased a three-property portfolio from Jamestown for approximately $415 million. All the properties are located in San Francisco and blocks from each other.
Investors | Jun 26, 2014 NBIM to invest $9b annually in real estate through 2016, begin investing in infrastructure by Reg Clodfelter Norway's $885 billion Government Pension Fund Global, managed by Norges Bank Investment Management, is planning to invest 1 percent of its total fund - roughly $8.8 billion - into global real estate each year until 2016, and will begin investing in infrastructure for the first time, according to its recently released 2014 -2016 strategic investment plan.
Investors | Jun 26, 2014 Canadian pension funds buy Manhattan office properties by Andrea Waitrovich Two Canadian pension funds have invested in two Manhattan office assets in separate deals.
Investors | Jun 25, 2014 MassPRIM commits $80m to real estate, $65m to timberland by Reg Clodfelter The Massachusetts Pension Reserves Investment Management Board has approved two commitments.
Keeping score at the 2014 World Cup by Larry Gray The 2014 FIFA World Cup Brazil kicked off on June 12, and the final championship match is scheduled for July 13.
Investors | Jun 25, 2014 Wisconsin may invest up to $500m in real estate by year-end 2014 by Reg Clodfelter The State of Wisconsin Investment Board, which manages $104.6 billion for the state of Wisconsin, could invest between $250 million and $500 million in real estate before the end of 2014.
Transactions | Jun 25, 2014 IN-DEPTH: Land Securities pays Lend Lease £656m for Bluewater stake by Andrea Waitrovich Land Securities has announced its acquisition of a 30 percent stake in the Bluewater shopping center in the United Kingdom for £656 million ($1.2 billion).
Fundraising | Jun 24, 2014 PCCP raises $267m for debt fund by Reg Clodfelter PCCP has raised $267 million for PCCP Credit VI, a real estate debt fund launched in September 2013.
