The manager of the €506 billion Norwegian Government Pension Fund Global has purchased a half-stake in a five-strong portfolio of Grade A offices in New York, Washington and Boston from TIAA-CREF.
2 min read · 27 August 2013
US fund managers will broadly welcome dramatic events in Ireland, the Netherlands and Spain this past week as evidence that Europe is finally sorting itself out…but it is not evidence of a sudden wave of sales to come
3 min read · 27 August 2013
The London-based firm is to bring the curtain down on 12 years of opportunistic real estate investing and after managing out its second fund will concentrate its efforts on its core private equity business.
2 min read · 27 August 2013
The $150.6 billion pension plan’s latest investment in the New York-based fund manager’s European real estate strategy will be through a commingled fund of one.
2 min read · 27 August 2013
The Chicago-based real estate investment firm has partnered with Brandywine Realty Trust and Campus Crest Communities to build a 33-story student housing tower in the city’s University City submarket for nearly $160 million.
2 min read · 27 August 2013
The New York-based retirement fund is looking to enter into the senior real estate debt arena in Europe, first by starting in the UK and eventually expanding into continental Europe.
2 min read · 27 August 2013
The London-based financial services group says it is flexible in terms of the form of its capital outlays and geographies following its purchase of an equity position in a Prelios-managed fund announced yesterday.
2 min read · 27 August 2013
The Boston-based real estate investment firm, along with its joint venture partners, has sold the Flatotel on 135 West 52nd Street and the Alex Hotel on 205 East 45th Street. The properties had been put in receivership after their original owner reportedly defaulted on the debt.
2 min read · 27 August 2013
In this month’s issue of PERE, we talk with the Asia team at The Blackstone Group just as they prepare to ramp up their investment activities in the region.
3 min read · 27 August 2013
Barry Sternlicht, chairman and chief executive officer of Greenwich, Connecticut-based Starwood Capital Group, hails the sale of four luxury hotels in France that were inherited as part of the 2005 takeover of conglomerate La Louvre as an important stage in the ‘monetisation’ of its portfolio.
2 min read · 27 August 2013
