After securing backing from local pension plans, the joint venture between first-time fund manager Pienssa and developer Prodesa is seeking capital from US investors.
3 min read · 27 August 2013
Immediately after putting its ‘National Office Portfolio’ up for sale, the Los Angeles-based firm is now putting an even larger portfolio of US offices on the market.
2 min read · 27 August 2013
Hallandale, Florida-based Beacon Investment Properties is poised to purchase the IDS Center in downtown Minneapolis for $255 million. The deal comes on the heels of Angelo Gordon and City Center Realty Partners buying a nearby downtown tower for nearly $44 million.
2 min read · 27 August 2013
The Minneapolis-based alternative investment manager has provided $421 million in US and Canadian properties towards the IPO of Agellan Commercial REIT, giving CarVal a 26.5 percent interest in the new Canadian REIT.
2 min read · 27 August 2013
The Texas-based private equity firm plans to buy the distressed senior-living operator and its 210 properties for less than half the basis of typical senior housing acquisitions.
2 min read · 27 August 2013
The New York-based real estate investment manager has bought an eight-story asset located at 701 8th Street for nearly $100 million.
1 min read · 27 August 2013
The Chicago-based firm has hired Erik Rijnoudt as it looks to beef up in Europe.
2 min read · 27 August 2013
The $78.1 billion pension system is weighing the possible sale of fund interests in its real estate portfolio.
2 min read · 27 August 2013
The $21 billion state workers compensation fund continues to invest in non-core real estate by committing $50 million to Los Angeles-based Latitude Management’s third value-added real estate fund.
2 min read · 27 August 2013
The $38.1 billion pension system has tapped two consultants to assist in the creation of a new real estate co-investment program.
2 min read · 27 August 2013
