The LA-based global property investment management giant is well on its way to reaching the $750m capital raising target for its CBRE Strategic Partners US Value VI fund, according to a document by the San Diego City Employees' Retirement System.
1 min read · 17 January 2013
The lead investors in the Boston- and Greenwich, Connecticut-based private equity real estate firm’s first commingled fund helped to steer additional capital to the vehicle, which became oversubscribed less than a year after its official launch.
3 min read · 17 January 2013
Cornerstone Real Estate Advisers is teaming up with a London-based company started by former GE Capital professionals to bring a debt origination product to Europe.
2 min read · 17 January 2013
Despite the success of PropertyMatch, a US equivalent of the UK secondaries trading platform is unlikely to arrive anytime soon. PERE Magazine July, August 2012 issue.
3 min read · 17 January 2013
News of two more European debt funds arrived last month, one from a French bank and the other by asset manager BlackRock. PERE Magazine July, August 2012 issue.
3 min read · 17 January 2013
CalPERS’s purchase of a major stake in real estate investment advisor Bentall Kennedy will provide the largest pension fund in the US with an inside knowledge of the investment management business.
3 min read · 17 January 2013
The $19.5 billion pension fund has decided to pull its $100 million commitment to H/2 Capital’s core debt fund after the two parties failed to reach an agreement on contract terms.
2 min read · 17 January 2013
US advisory firm says foreign buyers of distressed loans will eventually enter Spain, but they will continue to wait on the sidelines until evidence that banks and Spanish regulators are willing to accept ‘market realities’.
4 min read · 17 January 2013
Morgan Stanley ‘couldn’t agree a price’ with Santander over a €700m property portfolio in Spain, as sources play down the country’s economic woes as a reason for the deal collapsing.
2 min read · 17 January 2013
The Boston-based fund manager beat out rival Heitman to take over a portfolio of 17 core US properties owned by the $26 billion state pension plan. The portfolio previously was managed by BlackRock.
2 min read · 17 January 2013
