Deals

Principal Real Estate buys Houston office building

The Iowa-based real estate arm of Principal Global Investors has purchased 2000 St. James Place on behalf of a consortium of South Korean investors.

Madison Marquette, Perella Weinberg acquire NYC property

The purchase of The Center Building in Long Island City for $84.5 million is the first for a new open-ended joint venture program targeting US commercial real estate.

AEW JV buys stake in Texas mall for $194.3m

The global real estate investment management firm has teamed up with Chicago-based real estate firm M&J Wilkow to become majority owners of Arlington Highlands, a shopping center in the Dallas-Fort Worth market.

ICG-Longbow reaches £212m for RE debt fund

London-based ICG-Longbow Real Estate Capital is getting closer to reaching the halfway mark for its latest credit vehicle as it looks to cement £500 million of commitments.

Hunt acquires $1.2bn Tuckerman platform

The Chicago-based real estate investment advisor has acquired State Street’s multifamily fund platform, which includes its 7,100 apartment units and 11 staff members.

Aviva, Secured Capital reach $300m for Tokyo recovery fund

The pair have closed on their jointly managed Tokyo Recovery Fund, having added $178 million since holding a first closing in November 2011.

CITIC Capital hits $500m mark for China retail fund

The Hong Kong-based private equity and real estate firm has held a second closing for its CITIC Capital China Retail Properties Investment Fund and is eyeing a final closing in March.

Faust joins JPMorgan’s real assets arm as MD

The former senior managing director of client services at Legacy Partners Commercial will advise JPMorgan’s US institutional clients on global real estate investment strategy. He will work out of the banking giant’s San Francisco office.

TA Realty to hold final close on Fund X

The Boston-based real estate firm’s latest value-added fund is expected to close near its hard cap, which has been increased to $1.575 billion, during the first quarter.

Meridian closes debut fund

The Bethesda, Maryland-based real estate investment and development firm has closed on $160 million in commitments to invest in value-added real estate in the Washington DC metropolitan area.