Real Estate News – Page 752

  • News

    CBRE buys on Broadway

    2009-03-12T18:18:00Z

    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

    Campaign pushes for US-style infra tax scheme

    2009-03-12T18:16:00Z

    UK – The British Property Federation (BPF) is backing developers’ calls for UK trials of a scheme for infrastructure funding, modelled on a strategy in the United States which borrows against future tax revenue.

  • News

    Illinois State pursues FoF strategy

    2009-03-12T18:14:00Z

    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

    Downturn to focus buyers on Western Europe

    2009-03-12T18:12:00Z

    EUROPE – Jones Lang LaSalle’s latest report on direct commercial real estate investment in Europe predicts investors will primarily focus on core Western markets in 2009.

  • News

    Kansas PERS commits to debt fund

    2009-03-12T18:10:00Z

    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

    Natixis closes €420m fund

    2009-03-12T17:51:00Z

    US – Natixis Capital Partners (NCP), the international property investment firm, has closed its third private equity real estate fund with €420m raised from European institutional investors.

  • News

    Dawnay Day property bought by institutional investors

    2009-03-12T17:49:00Z

    UK – AREA Property Partners and F&C REIT Asset Management have bought struggling investment firm Dawnay Day’s UK property portfolio for approximately £600m (€647m).

  • News

    IVG saw profits plunge on market drop

    2009-03-12T17:46:00Z

    GERMANY – IVG Immobilien AG earlier this week announced it suffered a €471m loss in 2008 as a result of the severe fall in market values, though officials argue the firm remains robust.

  • News

    Savills slips into a loss

    2009-03-12T17:44:00Z

    UK – UK property firm Savills has announced a £7.7m (€8.3m) loss for 2008 and is adopting a “cautious outlook” for 2009 as it expects challenging times ahead.

  • News

    Recession pressures force HSH to downsize

    2009-03-09T14:45:00Z

    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

    Atis looks to 2010 recovery

    2009-03-09T14:35:00Z

    EUROPE – Atisreal, part of BNP Paribas Real Estate, has predicted the decline in European commercial real estate investment activity will slow sharply this year but will then recover slowly in 2010.

  • News

    Swedish pension funds buys from RREEF

    2009-03-09T14:15:00Z

    SWEDEN – AMF, the SEK289bn (€24.7bn) Swedish pension fund, has bought an office building in Stockholm from RREEF, the alternative investment management business of Deutsche Bank’s Asset Management.

  • News

    Maryland to invest in real estate this year

    2009-03-05T17:25:00Z

    US – The Maryland State Retirement and Pension System (SRPS) has committed around $600m ($477m) to real estate funds for 2009.

  • News

    US pension funds stick with Westbrook

    2009-03-05T17:24:00Z

    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

    2009-03-05T17:22:00Z

    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

    Knight Frank warms to residential new builds

    2009-03-05T17:18:00Z

    UK – London’s prime new build residential market is becoming increasingly attractive to investors and developers, and could be beginning to level out, according to Knight Frank’s 2009 London residential development review.

  • News

    Student accommodation reopens under revised terms

    2009-03-05T17:14:00Z

    UK – Brandeaux has reopened its student accommodation fund this week by issuing a new share class and amending redemptions rules.

  • News

    Office to recover in 2010 – C&W

    2009-03-05T17:13:00Z

    GLOBAL – Global office property markets continue to face uncertainty and tough times ahead but should start recovering in 2010, suggests the latest research by Cushman & Wakefield.

  • News

    Sweden sees first signs of real estate downturn

    2009-03-02T17:22:00Z

    SWEDEN – Swedish commercial real estate returns fell to -3.3% in 2008, according to latest figures from the SFI/IPD Index published by the Investment Property Databank (IPD).

  • News

    Quebec loses a fifth on real estate

    2009-03-02T17:15:00Z

    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.