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Dallas Police & Fire ends talks to remediate glare from Museum Tower
trueDallas Police & Fire Pension System will cease searching for solutions to Museum Tower's glare, a skyscraper in Dallas' arts district in which the $3 billion pension fund has a roughly $200 million investment.
Merced County eyes real estate commitment
trueMerced County (Calif.) Employees' Retirement Association plans to commit between $10 million and $13 million to a value-added real estate fund, said Steven Bland, retirement administrator of the $651 million pension fund, in an e-mail.
Norfolk County pension fund wants to add real estate
trueNorfolk County Retirement System, Canton, Mass., is searching for a real estate manager.
TPG recruits CEO of new real estate debt unit
trueTPG hired Greta Guggenheim as CEO of TPG Real Estate Finance Trust, its newly formed real estate debt unit.
Arizona Public Safety allocates $371 million, names new retirement administrator
trueArizona Public Safety Personnel Retirement System made five new commitments and investments totaling up to $371 million.
Secondary market prices to fall in second half of 2015 — NYPPEX
truePrices for alternative investment fund limited partnership interests are expected to drop in the second half of this year — with secondary median bids declining about 3.5% to an average of 80.18% of net asset value — driven down by fewer exits and less distribution of capital back to investors, ...
Swedish AP funds form European real estate joint venture with TIAA-CREF
trueSwedish pension funds AP1 and AP2 joined forces with TIAA-CREF to create a pan-European office investment platform called Cityhold Office Partnership, which intends to build an office portfolio of at least €4 billion ($4.55 billion).
Maine PERS commits to 2 funds
trueMaine Public Employees Retirement System, Augusta, made two new commitments totaling up to $100 million, said James Bennett, deputy chief investment officer, in an e-mail.
Retailers' property purges will pump up deal flow
trueRising commercial real estate prices are enticing more retailers, including Macy's and Sears, to sell their properties, creating a growing source of real estate deal flow.
Commercial real estate market getting overpriced — report
trueThe commercial real estate market is shifting to an overpriced market, especially for core properties in the top markets, said real estate research firm Situs RERC, in a second-quarter report.
Cornerstone Real Estate adds portfolio management, business development positions
trueJoy Winterfield was named managing director of global portfolio management and Albert Yang was named managing director and head of business development, Europe, at Cornerstone Real Estate Advisers.
MassPRIM drops TA Realty for core real estate
trueMassachusetts Pension Reserves Investment Management Board terminated TA Realty as manager of a $1.1 billion core real estate allocation.
Montana Board of Investments slates $40 million in alternatives commitments
trueMontana Board of Investments made a total of $40 million in alternatives commitments, said materials prepared for this week's board meeting.
Haverhill Retirement seeking opportunistic/value-added real estate manager
trueHaverhill (Mass.) Retirement System is searching for an opportunistic/value-added real estate manager to run up to $6 million.
Illinois Teachers reports preliminary 4.1% for year ended June 30
trueIllinois Teachers’ Retirement System, Springfield, returned an estimated 4.1% for the fiscal year ended June 30, R. Stanley Rupnik, chief investment officer, told an investment committee meeting of the $45.8 billion fund on Wednesday.