Evelyn Lee
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.
The US government’s development finance agency will help to leverage investments by Actis’ second African real estate fund, which will develop commercial properties in the sub-Saharan region.
In entering the North America market, the Australia-based industrial property company will be partnering with California-based Birtcher Development and the Canadian Pension Plan Investment Board to develop and invest in logistics and industrial facilities across the region.
The San Francisco-based real estate investment manager has wrapped up fundraising for its debut value-added fund. The firm also recently made its fourth acquisition on behalf of the vehicle.
The Lehman Brothers spinout and the New York-based developer and investor have refinanced 110 William Street in downtown Manhattan with $161.5 million in new financing, which included a mezzanine loan from Pearlmark Real Estate Partners.
The New York-based accounting and consulting firm has recruited Byron Carlock for the newly created position of US real estate practice leader. The firm also is seeking to hire a real estate leader to oversee the Asia market.
The New York-based investment manager’s global head of real estate says the firm, which has been pursuing high-yield investments in real estate debt and US housing, is exploring the launch of a senior lending platform in Europe.
The Houston-based real estate firm, on behalf of its Hines US Office Value Added Fund, has sold the Mountain View Corporate Center in the Denver area to the Westfield Company.
More than half of the limited partners for the Pennsylvania-based private equity real estate firm’s second value-added industrial fund came in during the final round of capital-raising.
The global head of the New York-based private equity firm’s real estate group is due to move into a less active role as the platform’s chairman in 2013, as part of a long-term succession plan for the business.