James Comtois

American Realty Advisors has purchased 1515 Wynkoop Street from Hines for $120 million. The 307,000-square-foot building is 90 percent leased.

Invesco’s former research director has joined the real estate investment business of Deutsche Bank’s asset management division as global head of research.

The Brazilian fund manager has launched a follow-up to its opportunistic development vehicle. The firm hopes to raise $450 million for commercial and industrial project.

The German business of Henderson Global Investors has raised €130 million in equity for its second Austria-focused property fund. The firm now plans to begin deploying the capital in core to core-plus retail and office properties.

Equity Group Investments and Transwestern Investment Company have formed a joint venture with Behringer Harvard to recapitalise 200 S. Wacker Drive in Chicago. Behringer Harvard will retain a 10 percent ownership stake in the property.

The Los Angeles-based real estate investment firm has purchased a portfolio of five office buildings for $144 million. The acquisition adds 700,000 square feet to its portfolio and increases its total assets under management to $9.8 billion.

The Toronto asset manager has held a second close for its 12th residential development fund. The C$70 million closing doubles total commitments to date to C$140 million.

Savanna has hired Kevin Hoo, formerly of Tishman Speyer, as vice president. He will manage assets in the firm’s portfolio, lease and reposition its properties and oversee and coordinate development.

The apartment REIT has approached Blackstone, TPG and Vornado to buy its assets, as the three banks that own the REIT try to recover some of their loan losses.

The Los Angeles-based real estate fund manager has held a final closing on a $100 million Brazil sidecar to its Latin America fund, bringing its combined regional commitments to $554 million.