Investors | May 12, 2014 Indiana commits $215m to real estate by Reg Clodfelter The Indiana Public Retirement System has committed $215 million to three real estate funds.
Transactions | May 12, 2014 Cerberus offloads 51 hotel properties for $1.3b by Andrea Waitrovich Cerberus Capital Management has completed the sale of the 51-property, 6,847-room Innkeepers portfolio.
Investors | May 12, 2014 Prudential adds two to global marketing and communications team by Reg Clodfelter Prudential Real Estate Investors has added Alyson Barnes and Erica Platt to its global marketing and communications team, based in New York City.
Investors | May 9, 2014 Ohio School Employees commits $250m to infrastructure and real estate by Reg Clodfelter The $12.26 billion School Employees Retirement System of Ohio has committed $200 million to IFM Global Infrastructure Fund, managed by IFM Investors, and $50 million to Lion Industrial Trust, managed by Clarion Partners.
Transactions | May 9, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions included three office properties in New York City and Michigan.
Fundraising | May 8, 2014 OFS Energy holds $175m close by Andrea Waitrovich, released 4/25/24 OFS Energy Fund has completed a one-and-done closing on its third private equity fund, OFS Energy Fund III.
Investors | May 8, 2014 Delaware commits $40m to value-added real estate by Reg Clodfelter The Delaware Public Employees Retirement System has committed $40 million to Marcus Partners Fund II, a U.S.-focused value-added fund managed by Marcus Partners, according to board documents.
Fundraising | May 8, 2014 Meadow Partners launches third fund by Andrea Waitrovich Meadow Partners is marketing its third real estate fund, according to a filing with the SEC.
Fundraising | May 7, 2014 Trilantic launches $500m energy fund by Andrea Waitrovich Trilantic Capital Partners is marketing its first fund focused on North American energy, according to a filing with the SEC.
Transactions | May 7, 2014 Mirae JV sells Seoul office tower to SWF by Andrea Waitrovich A joint venture between Mirae Asset Financial Group, Woori Financial Group and KDB Life Insurance has sold the Euljiro Mirae Asset Tower in Seoul for $447 million.
Transactions | May 7, 2014 Gaw enters Seoul with mixed-use project by Andrea Waitrovich Gaw Capital Partners has made its first investment in Seoul with the acquisition of the office, retail and "officetel" portions of a twin tower building, Dongja 8.
Fundraising | May 7, 2014 DivcoWest holds $976m final close for fourth fund by Reg Clodfelter DivcoWest has had a $976 million final close on DivcoWest Fund IV.
Investors | May 7, 2014 SBCERA gives go-ahead on commitment, consultant consolidation by Reg Clodfelter The San Bernardino County (Calif.) Employees' Retirement Association has approved recommendations proposed last month to commit $50 million to Invesco Real Estate Asia and to terminate its contract with The Townsend Group for real estate consulting services.
Transactions | May 7, 2014 Tishman pays $517m for London office by Andrea Waitrovich Tishman Speyer has paid $516.6 million, or $1,565 per square foot, for 33 Holborn Circus, a nine-story office property in London.
Fundraising | May 6, 2014 Siguler Guff raises $312m for opportunistic fund by Reg Clodfelter Siguler Guff & Co. has raised an aggregate $312.4 million for Siguler Guff Distressed Real Estate Opportunities Fund II, divided among three parallel partnerships.
Investors | May 6, 2014 New Mexico increases target allocation to real estate, real assets by Reg Clodfelter The Public Employees Retirement System of New Mexico has increased its target allocation to alternative investments from 6 percent to 10 percent, resulting in an increase to the target allocations of both real estate and real assets from 3 percent of the total portfolio to 5 percent each.
Transactions | May 6, 2014 Savanna and KBS purchase Manhattan office tower for $261.1m by Andrea Waitrovich Savanna Partners has acquired 110 William St., located in Manhattan, in a joint venture with KBS Capital Advisors for $261.1 million.
Transactions | May 6, 2014 Blackstone JV buys stake in Bangalore office park by Andrea Waitrovich A 50-50 joint venture between The Blackstone Group and Embassy Group, known as Embassy Office Parks, has acquired a 60 percent partial interest in a 106-acre business park in Bangalore, India.
Transactions | May 6, 2014 Thor pays $485m for Manhattan office by Andrea Waitrovich Thor Equities has purchased the Gucci Building in Manhattan for approximately $485 million, or $4,205 per square foot. The seller was Gucci America.
Investors | May 6, 2014 Ohio Police & Fire commits $35m to timber by Reg Clodfelter In an ongoing effort to increase exposure to the timberland sector, the Ohio Police & Fire Pension Fund has committed $35 million to Forest Investments Associates, adding to a past allocation to the firm of $100 million.
