Transactions | Mar 18, 2014 IN-DEPTH: Chinese asset manager partners on Chicago office purchase by Andrea Waitrovich Hong Kong-based Cinda Capital Management has partnered with Zeller Realty Corp. to purchase 311 S. Wacker Drive in Chicago. Here's an in-depth look at the deal.
Transactions | Mar 18, 2014 IN-DEPTH: Vornado sells L.A. retail center for $260m by Andrea Waitrovich Vornado Realty Trust has sold Beverly Connection, a 335,000-square-foot shopping center in Los Angeles, for $260 million. Here's an in-depth look at the deal.
Investors | Mar 17, 2014 Florida to invest up to $600m in noncore real estate in 2014 by Reg Clodfelter The $176.4 billion Florida State Board of Administration is looking to invest up to $600 million in noncore strategies in 2014, according to Dennis MacKee, director of communications with the board.
Transactions | Mar 17, 2014 IN-DEPTH: CIM pays $296m for L.A. property by Andrea Waitrovich CIM Group has paid $295.7 million for Two California Plaza in downtown Los Angeles.
Transactions | Mar 17, 2014 IN-DEPTH: Gaw acquires stake in downtown Kansas City by Andrea Waitrovich Gaw Capital Partners has acquired a stake in a downtown Kansas City, Mo., office building from Executive Hills Management.
Investors | Mar 17, 2014 NMERB commits $100m to Lone Star by Reg Clodfelter The $10.7 billion New Mexico Educational Retirement Board has committed $100 million to Lone Star Funds IX, sponsored by Lone Star Funds.
Transactions | Mar 14, 2014 Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included two office properties in Boston and Washington, D.C.
Fundraising | Mar 13, 2014 LEM raises additional $15.5m for third debt fund by Andrea Waitrovich LEM Capital has raised an additional $15.45 million for its LEM Real Estate High-Yield Debt & Preferred Equity Fund III.
Ohio SERS searches for third REIT manager by Reg Clodfelter The $12.18 billion School Employees Retirement System of Ohio has issued an RFP for an investment manager who can provide long-only, passive management of a U.S. REIT portfolio.
Chicago retirement fund issues industrial manager RFP by Andrea Waitrovich The Chicago Public School Teachers' Pension & Retirement Fund has issued an RFP for a manager to run up to $50 million in industrial-focused noncore real estate.
Research | Mar 12, 2014 REITs continue strong 2014 in February by Reg Clodfelter The FTSE NAREIT All Equity REITs Index continued its strong 2014 with total returns in February of 4.67 percent, outpacing the S&P 500 Index by 10 basis points.
Investors | Mar 12, 2014 Brookfield marketing fourth debt fund by Andrea Waitrovich Brookfield Asset Management has a fourth real estate debt fund, Brookfield Real Estate Finance IV, in the market, according to a filing with the SEC. A fundraising equity target was not disclosed.
Fundraising | Mar 11, 2014 CLSA raises $385m for third fund by Andrea Waitrovich Hong Kong-based CLSA Capital Partners has raised $385 million for its Fudo Capital III, according to a filing with the SEC.
LACERS issues RFP for REIT manager by Andrea Waitrovich The $13.0 billion Los Angeles City Employees' Retirement System has issued an RFP for one or investment managers to manage approximately $65 million in a global or U.S.-focused REIT strategy.
Fundraising | Mar 7, 2014 KanAm to sell off open-end fund assets by Reg Clodfelter KamAm Grund Group is in the liquidation and disposal process for its open-end real estate fund, KanAm Grundinvest Fonds, and expects the remaining 40 properties, worth an estimated €3.6 billion ($5 billion) in total, to be sold by Dec. 31, 2016.
Research | Mar 7, 2014 Unemployment rate hangs steady, but labor participation rate at 35-year low by Reg Clodfelter The Bureau of Labor Statistics released its monthly unemployment report with February's job numbers today, reporting that the unemployment rate increased by a mild 0.1 percent since January to 6.7 percent.
Transactions | Mar 7, 2014 Recent commercial real estate acquisitions by Andrea Waitrovich The largest completed transactions included an office in Brooklyn and a hotel in Honolulu.
Transactions | Mar 6, 2014 IN-DEPTH: Crow Holdings buys historic Denver hotel by Andrea Waitrovich Crow Holdings Fund VI, managed by Crow Holdings Capital Partners, has purchased Brown Palace Hotel in Denver. Here's an in-depth look at the deal.
Fundraising | Mar 6, 2014 OFS launches $175m energy fund by Andrea Waitrovich Houston-based OFS Energy Fund has launched a third energy fund, according to a filing with the SEC.
Transactions | Mar 6, 2014 IN-DEPTH: Two California firms buy Hawaiian resort property by Andrea Waitrovich The Ritz-Carlton, Kapalua Resort in Kapalua, Hawaii, was sold to a partnership between Michael Rosenfeld's Woodridge Capital Partners and Colony Capital and its affiliates including Colony Financial. Here's an in-depth look at the deal.
