Investment
TIAA-CREF, TIAA Henderson Close Value-Add M-F Fund
TIAA-CREF and TIAA Henderson Real Estate closed their CASA fund with a $420 million price target in value-add workforce housing.
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
KPMG Report Shows Capital Spending on the Rise
KPMG’s 2014 Commercial Real Estate Outlook Survey confirmed that commercial real estate executives are ready to develop new properties and invest their capital in secondary and tertiary markets to generate returns.
CRE Bulls Will Continue
By Ken Riggs, President & CEO, RERC: According to public opinion polls, most Americans have never seen the world so chaotic. Despite these risks, U.S. consumers keep spending and investors keep investing.
SL Green to Buy, Sell in Two Deals Totaling $745M
It’s not every day that a real estate company announces it has signed deals involving two properties valued at an aggregate three-quarters of a billion dollars.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.
Deal Analysis: Washington Prime Finds “Something Special” in Glimcher
When Washington Prime Group was spun off from Simon Property Group Inc. in May, its leaders began looking for opportunities to acquire and redevelop assets that would have strong cash flow and add franchise value. They found what they sought in Glimcher Realty Trust.