The Federal Reserve Bank of New York has paid $207.5 million to a fund co-managed by Invesco to purchase the 623,000-square-foot property it’s been occupying since 1998.
2 min read · 17 January 2013
The real estate firm has purchased the Second & Seneca office building on behalf of a core real estate fund for $186 million. The acquisition immediately follows the firm’s launch of its ninth value-added fund.
1 min read · 17 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity, including real estate, a crucial part of the pension plan’s investment strategy. PERE Magazine, March 2012 issue
3 min read · 17 January 2013
The New York-based private equity and real estate titan captured awards in eight of the nine categories for which it was nominated, underlining the firm’s dominance in 2011. Other notable victors include CBRE, Fortress and APG.
2 min read · 17 January 2013
The real estate investment business of Deutsche Bank’s asset management division has continued to downsize its US opportunistic investments group in recent weeks, as the firm focuses more on investing in Europe
2 min read · 17 January 2013
CPPIB’s private investments chief Mark Wiseman will take over as CEO following the retirement of David Denison in June. Wiseman joined CPPIB from the Ontario Teachers’ Pension Plan in 2005.
1 min read · 17 January 2013
SC Management, the Hong Kong and Singapore-based private equity real estate firm has already put approximately $60 million of the fund’s capital to work, acquiring a controlling position in a J-REIT and a Thai office-led property from the estate of Lehman Brothers.
2 min read · 17 January 2013
The transfer comprises 11 investments with over 90 assets in two funds covering 8 current jurisdictions.
2 min read · 17 January 2013
The curtain has come down further on the real estate principal investments division of Bank of America Merrill Lynch Real Estate after Asia head Martin Seol tendered his resignation. He will enter non-compete and gardening leave periods before seeking a new role in real estate investment.
3 min read · 17 January 2013
RREEF Real Estate could be heading to New York and Chicago-based Guggenheim Partners as the latter enters exclusive talks to buy parts of Deutsche Bank Asset Management put up for sale last year.
2 min read · 17 January 2013
