MassPRIM issues RFP for real estate and timber consultant by Reg Clodfelter The Massachusetts Pension Reserves Investment Management Board, which manages Massachusetts' $58.2 billion Pension Reserves Investment Trust, has approved an RFP for real estate and timberland consulting services.
Fundraising | Apr 2, 2014 European fundraising takes off in 2014 by Reg Clodfelter European funds completed a massive quarter for fundraising, with funds that had a final close in first quarter 2014 raising $10.7 billion, after funds that had a final close only raised $950.5 million in first quarter 2013, and $11.2 billion throughout all of 2013, according to data from the IREI FundTracker database.
Fundraising | Apr 2, 2014 Madison holds $825m close by Andrea Waitrovich Madison International Realty has raised $825 million for its fifth value-added fund, Madison International Real Estate Liquidity Fund V.
Investors | Apr 2, 2014 Pramerica launches fifth debt fund with APG by Andrea Waitrovich Pramerica Real Estate Investors and Algemene Pensioen Groep have launched Pramerica Real Estate Capital V, a debt vehicle to invest in the Netherlands.
Investors | Apr 2, 2014 Las Vegas continues recovery in 2014 by Andrea Waitrovich After a stellar 2013 that saw year-over-year growth in property sales of 89 percent -- the second-largest growth in the nation -- investment momentum in Las Vegas has remained strong in first quarter 2014 with year-over-year sales growth in every major sector except hotels.
Fundraising | Apr 1, 2014 JBG raises $379m for ninth fund by Andrea Waitrovich JBG Cos. has raised $379 million for its JBG Investment Fund IX, according to a filing with the SEC.
Fundraising | Apr 1, 2014 CenterSquare markets third value-added fund by Andrea Waitrovich CenterSquare Investment Management has begun marketing its third value-added fund. CenterSquare Value-Added Fund III has a $500 million fundraising goal. A first closing is anticipated in second quarter 2014, and a final closing date is anticipated in the second quarter 2015.
Halstatt holds $67m close on second fund by Reg Clodfelter Halstatt Real Estate Partners has held a $66.9 million close on Halstatt Real Estate Partners Fund II, according to a filing with the SEC.
New Mexico to invest $150m in REITs by Reg Clodfelter The approximately $19 billion New Mexico State Investment Council has approved a motion to invest $150 million in preferred REIT investments.
IN-DEPTH: RXR buys 61 Broadway for $351m by Andrea Waitrovich RXR Realty has bought 61 Broadway from Broad Street Development and Heyman Properties. Here's an in-depth look at the deal.
IN-DEPTH: SL Green, Jeff Sutton buy SoHo office building for $326m by Andrea Waitrovich In New York City, 530-536 Broadway was sold to joint venture partners Jeff Sutton and SL Green Realty Corp. for $326 million. Here's an in-depth look at the deal.
CenterSquare hires Paul Peszt as vice president by Reg Clodfelter CenterSquare Investment Management has hired Paul Peszt to be a vice president in the private real estate group.
Transactions | Mar 28, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest completed transactions included an apartment complex in suburban Seattle and an office property in Manhattan.
Fundraising | Mar 28, 2014 Blackstone holds $7b close by Andrea Waitrovich The Blackstone Group has raised $7 billion for its fourth European real estate fund, making it one of the largest dedicated European real estate funds.
Research | Mar 27, 2014 Post-crisis funds hold billion-dollar final closes by Andrea Waitrovich Three years after the global financial crisis, fund managers started marketing new vehicles with billion-dollar plus targets. A number of billion-dollar final closes were announced from 2012 to the start of 2014.
Research | Mar 27, 2014 February transactions slow back down in 2014 by Reg Clodfelter After a strong February in 2013 that saw year-over-year growth in property transactions of 158 percent and $32.1 billion in total transactions, February 2014 came back to earth, recording $19.8 billion in transactions for a year-over-year drop of 38 percent, according to data from Real Capital Analytics.
Investors | Mar 27, 2014 Florida pension fund commits $18m to real estate, timber by Reg Clodfelter The $464 million Pembroke Pines (Fla.) Firefighters & Police Officers Pension Fund has committed $9 million each to Intercontinental Real Estate Corp. and Molpus Woodlands Group, according to minutes from a February board meeting.
Research | Mar 26, 2014 National infrastructure bank: For real this time? by Reg Clodfelter After years of unsuccessful legislation aimed at creating a national infrastructure bank, two bills have come to the floor with bipartisan support and a real chance at making history.
Research | Mar 26, 2014 P3 symposium aims to unlock California by Reg Clodfelter The Squire Sanders March 2014 P3 Summit in San Francisco provided an opportunity to ask, "Why not California?" in regard to investing in infrastructure through public-private partnerships in the state.
IN-DEPTH: Chinese conglomerate enters Spanish office sector by Andrea Waitrovich Chinese conglomerate Dalian Wanda Group Corp. has purchased the historic Edificio Espana building in Madrid for €260 million ($358.6 million). Here's an in-depth look at the deal.
