Americas – Page 170
-
News
CalSTRS makes €81m allocation to Thomas Properties Group
UNITED STATES – The California State Teachers Retirement System (CalSTRS) has awarded a $100m (€81.3m) allocation to Thomas Properties Group.
-
News
USS continues to blaze UK acquisition trail
UK – Universities Superannuation Scheme (USS) has continued its 18-month UK real estate spending spree with the purchase of an office building in London's West End for £42m (€50.8m).
-
News
Ohio Police and Fire makes $100m commitment to core commingled fund
US – The Ohio Police and Fire Pension fund has approved a $100m (€84m) allocation to the UBS Trumbull Property fund.
-
News
Mass PRIM fires RREEF as separate account manager
US – The Massachusetts Pension Reserves Investment Management Board has terminated RREEF as one of its separate account managers.
-
News
US and Ireland set for spike in distressed sales
GLOBAL – Ireland and the US are expected to see a significant increase in distressed real estate sales in the short term, according to research from the Royal Institute of Chartered Surveyors (RICS).
-
News
Virginia bets on JV with Amli Residential
UNITED STATES – Virginia Retirement System has decided to invest $400m ($325m) more of its equity into the real estate sector, three quarters of which will go towards an investment partnership with Amli Residential.
-
News
San Diego City diversifies US domestic portfolio
UNITED STATES – San Diego City Employees’ Retirement System has approved $135m (€111m euros) in new real estate investments follow a consultation with The Townsend Group.
-
News
Global forecast confirms two-tier trend
GLOBAL – The forecast for Europe is cautious, for the US better, and for some of Asia the best of all, according to Jones Lang LaSalle's (JLL) quarterly Global Market Perspective.
-
News
Illinois Municipal plans core search
UNITED STATES – Illinois Municipal Retirement Fund is to conduct a search next month for a $150m (€122.7m) investment in core open-ended commingled funds.
-
News
Texas Employees makes first move into non-listed
UNITED STATES – Employees Retirement System of Texas has made its first investments in non-listed real estate funds as it seeks to build up its overall property exposure.
-
News
Recovery boosts forecasts for Europe, US
GLOBAL – Economic recovery has upped the prospects for long-lease prime properties in cities such as London, New York, Paris and Hong Kong, according to ING Real Estate Investment Management.
-
News
Texas Teachers to target core US real estate through Lionstone
UNITED STATES – Teacher Retirement System of Texas has formed Lionstone Cash Flow Real Estate Partners One, a fund managed by Houston-based The Lionstone Group.
-
News
Canada Pension Plan steps up global spending spree
GLOBAL – Canada Pension Plan Investment Board (CPPIB) has made its first ever investment in Manhattan through a joint venture with SL Green Realty Corporation, and established an Australian real estate development fund with Goodman Group.
-
MagazineRocky fundamentals
Prospects for recovery are improving but US real estate markets are sending mixed signals to investors, according to speakers at this year’s PREA spring conference in Boston. Stephanie Schwartz-Driver reports
-
MagazineMoving up the curve
As the US property market bottoms out, Dave Esrig looks at opportunities and discusses possible investor concerns
-
MagazineSkinning the ‘Fat Cat’
The new Foreign Account Tax Compliance provisions increase the regulatory burden on foreign investment into the US. Bart Kruijssen and James Guiry report
-
MagazineSpring clean in progress
Excess supply of housing is working through the system as the sector begins to recover. Stephanie Schwartz-Driver reports on another lively session at PREA’s spring event
-
News
Oregon signs up to Vornado value-add club fund
UNITED STATES – Oregon Public Employees Retirement Fund has approved a $100m (€78.7m) commitment to the Vornado Capital Partners investment fund.
-
News
Illinois State doubles ING Clarion account
UNITED STATES – Illinois State Board of Investment has allocated an extra $200m (€155m) to its existing separate account mandate with ING Clarion Partners as it seeks to increase its real estate exposure.
-
News
CPPIB and Kimco join forces to hunt US retail
AMERICAS – The Canada Pension Plan Investment Board (CPPIB) has acquired a $166.5m (€125.8m) interest in four US shopping centers through a joint venture with Kimco Realty Corporation.
