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Three U.S. institutions buy and sell assets

by Andrea Waitrovich

Three U.S. institutional investors were involved in three real estate transactions.  On the selling side, Orange County Employees Retirement System sold Pointe Plaza, a shopping center in Niles, Ill. The buyer was Stockbridge Capital Group. An official statement was not released; however, it has been reported the sales price was approximately $50.3 million. According to Real Capital Analytics, CBRE represented the seller. OCERS acquired the 193,011-square-foot strip mall in 2006 for $43.5 million. And Crain’s Chicago Business has reported the Chicago Teachers Union has hired CBRE

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