James Comtois

The New York-based private equity and real estate giant is selling a 1.1 million-square-foot office park in Burlington, Massachusetts to a pair of Boston-based owner-operators.

The New York-based alternatives investment firm has held a first close for AG Net Lease Realty Fund III, a value-added vehicle targeting $750 million.

The Houston-based real estate investment firm is selling 499 Park to American Realty Advisors after selling 425 Lexington Avenue to JPMorgan. The combined sales price of both properties will total more than $1 billion.

The $19.7 billion pension system has made a $50 million contribution to GEM Realty Capital’s latest value-added investment vehicle.

The investment management arm of the giant US bank is purchasing the 31-story office tower at 425 Lexington Avenue from a Hines fund.

The Belmont, California-based investment firm has raised $144.13 million for its Embarcadero Capital Investors IV, which is seeking up to $400 million to invest in West Coast office properties.

In its 2012 annual report, the C$176.2 billion pension system stated that it has established a new investment strategy that included increasing its investments in real estate “in the years to come.”

The Toronto-based pension plan has teamed up with London-based Hammerson to acquire a 33.3 percent stake in the Bullring Shopping Centre, a 1.2 million-square-foot mall in Birmingham.

Through Fund II, the New York-based investment firm will invest in all property types in the US and will have more than $1 billion in buying power.

The London-based asset management firm is raising $200 million to target already-built properties associated with public universities with a minimum of 15,000 students.