All Americas articles – Page 159
-
News
CalPERS sees demand for member mortgages triple
US – California Public Employees’ Retirement System’s (CalPERS’) Member Home Loan Programme has tripled in size over the last year thanks to its conservative mortgage practices, according to CalPERS’ Investment Committee.
-
News
Mexican pensions to focus on home properties
MEXICO – Mexican pension funds have agreed to only invest in domestic investments this year and will focus on investing in real estate to help boost the struggling Mexican economy.
-
News
SanFran PF sees real estate portfolio fall 5.6%
UNITED STATES - San Francisco City and County Employees’ Retirement System saw real estate portfolio fall by 5.6% during the fourth quarter of 2008 alone.
-
News
Contra Costa reviews Morgan Stanley deal
UNITED STATES - Contra Costa County Employees’ Retirement Association has decided to reconsider its earlier $75m (€57.9m) commitment to the Morgan Stanley Real Estate Fund VII Global.
-
News
Risk in the US may be worth buying - RREEF
US – North American real estate markets are expected to offer high-risk investors “highly attractive” opportunities in 2009, suggests research from RREEF Alternative Investments.
-
News
Industrial potential shifts to South America
EUROPE – Industrial commercial property markets in Central and Eastern Europe (CEE) and South America were the best performing worldwide in 2008 and are likely to continue doing well, according to research from Cushman & Wakefield.
-
News
New York CRF takes a dip in Lake fund
US - The New York State Common Retirement Fund (NYSCRF) has committed $300m (€239m) to the Lake Montauk Real Estate Fund, a fund of fund managed by Franklin Templeton Real Estate Advisors.
-
News
CBRE buys on Broadway
US – CB Richard Ellis Investors, the international real estate investment management firm, has purchased a 44-storey office building in New York for a partnership of institutional investors, making it the largest transaction in the state this year.
-
News
Illinois State pursues FoF strategy
UNITED STATES - State Universities Retirement System of Illinois has approved a $75m (€60m) commitment to AVP Advisors for a fund-of-funds real estate investment strategy.
-
News
Kansas PERS commits to debt fund
UNITED STATES - Kansas Public Employees Retirement System has approved a $25m (€19.5m) commitment to the Square Mile Partners III structured finance commingled fund.
-
News
Recession pressures force HSH to downsize
GERMANY – HSH Nordbank is to dismantle its real estate business in the United States and later Western Europe as part of its plans to downsize and cope with the tough economic climate.
-
News
US pension funds stick with Westbrook
UNITED STATES - Three pension funds in the United States have decided to keep their original commitments in the Westbrook Real Estate Fund VIII, despite being given the option to reduce their holdings.
-
News
CalSTRS signed just one deal in Q4
UNITED STATES - California State Teachers Retirement System significantly slowed its real estate investing during the last quarter of 2008 and added just one small investment to its portfolio.
-
News
Quebec loses a fifth on real estate
CANADA – The Caisse de dépôt et placement du Québec’s real estate portfolio declined by 21.9% in 2008, contributing to a loss worth a quarter of the firm’s total value.
-
News
Real estate holding lessened pain for OMERS
CANADA – The Ontario Municipal Employees Retirement System (OMERS) suffered an overall net loss of $8bn (€6.25bn) in 2008, although its real estate investments performed relatively well despite the financial downturn.
-
News
Fund fall forces Alaska to shelve alternatives plans
US – The Alaska Permanent Fund Corporation (APFC) Board has scrapped some of its alternative investment plans following the corporation’s decline in value in 2008.
-
News
Illinois Teaches ends two separate account relationships
UNITED STATES – The Teachers Retirement System of the State of Illinois is terminating separate account relationships with Commonwealth Realty Advisors and Stone Levy, and has asked Heitman to manage some of the assets instead.
-
News
Washington State extends real estate deal by $250m
UNITED STATES - Washington State Investment Board has approved a $250m ($195.3m) follow-on investment with Corporate Properties of the Americas.
-
News
S&P predicts further gloom in US housing
US – The residential real estate market in the United States looks set to continue falling in 2009 after house price declines reached record lows at the end of 2008, according to Standard & Poor’s Case-Shiller Home Prices Indices.
-
News
Canadian real estate hits 14-year low
CANADA – Canadian real estate returns fell 12.1% in 2008 to a 14-year low, according to figures released by Investment Property Databank (IPD).
