All Americas articles – Page 165
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News
Swiss-backed AIFAA expands US strategy to Texas
UNITED STATES - AIFAA, an investment company backed by 12 Swiss pension funds, has extended its real estate portfolio to Texas for the first time with the $82m (€54.8m) acquisition of the Wells Fargo Tower office building in Austin, Texas.
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MIT index sees price decline in Q2
UNITED STATES – The MIT Center for Real Estate has seen transaction sales prices of its commercial property sold by major institutional investors decline by 2.7% in the second quarter of 2008.
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News
Real estate execs express doom and gloom
UNITED STATES - Leaders in commercial real estate for the office, retail, industrial, hospitality, and multifamily sectors are facing an increasingly gloomy outlook, according to a survey conducted by the Real Estate Roundtable.
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News
Quebec extends its Brazilian shopping space
CANADA/BRAZIL – Ivanhoe Investments, the real estate management subsidiary of Canada’s largest pension fund, has boosted its position in Brazil with the purchase of four shopping centres and more than doubled its stake in a local property partner.
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News
NYSTRS provides the finance for real estate mortgages
UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.
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News
Ohio School Employees commits to office fund
UNITED STATES - School Employees Retirement System of Ohio has approved a commitment of $50m (€32.1m) into the Beacon Capital Strategic Partners VI commingled fund.
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Contra Costa County sees a debt opportunity
UNITED STATES- Contra Costa County Employees’ Retirement Association has approved a $75m (€48.6m) commitment into the ING Clarion Debt Opportunity Fund II – its first investment in a debt fund focused on real estate.
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Magazine
Make the distinction
The prognosis for US office is not good but it is not as bad as during previous downturns. What is worrying is that foreign investors are allowing the reports of the US housing market to colour their view of other sectors, including office.
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News
PBGC eyes move into real estate
UNITED STATES – The Pension Benefit Guaranty Corporation (PBGC) is looking at investing in real estate for the first time and is therefore seeking strategic partnerships so it may allocate up to $2.5bn (€1.6bn) in the sector.
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News
Alaska Permanent Fund makes major commitment to infrastructure
UNITED STATES - The Alaska Permanent Fund Corporation has approved new commitments for infrastructure totaling $750m (€476.2m).
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News
Los Angeles City places capital into debt fund
UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.
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News
ING Clarion closes in on value-added space
UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.
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News
Small pension funds re-enter property
UNITED STATES - Several smaller pension funds in the United States are thought to be looking to re-enter the real estate asset class, in a bid to diversify their portfolios.
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News
LA Fire and Police goes for safety with real estate assets
UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.
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News
CalSTRS to tread cautious real estate path
UNITED STATES – The California State Teachers Retirement System is planning to take a cautious approach to real estate investment for its fiscal year in 2009.
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News
Rothschild raises $840m for new commingled fund
UNITED STATES - Rothschild Realty Managers has smashed its intended target for capital raising on its Five Arrows Realty Securities V commingled fund and collected $840m (€530m) through institional investors - $240m more than originally sought.
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US pension funds still interested in value-added real estate
UNITED STATES - Apollo Real Estate Advisors was able to reach its capital raising target for its latest commingled fund, Apollo Value Enhancement Fund VII.
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News
Ohio School Employees real estate commitment unchanged
UNITED STATES - The School Employees Retirement System of Ohio plans to invest $100m (€62.9m) to $150m in real estate over the next 12 months. This is roughly the same amount that was planned for fiscal year 2008. This allocation is part of the pension fund’s annual investment plan for ...
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News
CalPERS invests in ‘master-planned’ residential
UNITED STATES - Newland Communities has made another investment in a residential land for a partnership with the California Public Employees Retirement System.
