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San Diego City Employees commits $40 million to real estate funds
trueSan Diego City Employees' Retirement System committed $20 million each to two real estate funds — Long Wharf Real Estate Partners V and Torchlight Debt Opportunity Fund V.
Phoenix City pension fund will have two investment consultants for first time
truePhoenix City Employees’ Retirement System hired Meketa Investment Group as general investment consultant and RVK as real estate consultant.
Aviva Investors promotes managing director to CEO of real estate group
trueEd Casal was promoted to CEO of Aviva Investors’ real estate group, replacing Ian Womack, who is retiring.
Danville Employees Retirement searching for real estate managers
trueDanville (Va.) Employees’ Retirement System is searching for a real estate manager for the $240 million pension fund.
Maine Public Employees earmarks $25 million to High Street fund
trueMaine Public Employees Retirement System committed up to $25 million to High Street Real Estate Fund V, managed by High Street Equity Advisors.
GIC, CPPIB form joint venture for $263 million purchase of Seoul mall
trueGIC, the Singapore sovereign wealth fund, and Canada Pension Plan Investment Board announced Monday they had formed a joint venture partnership to acquire the D-Cube retail mall in Seoul from Daesung Industries for $263 million.
Chicago Transit Authority launches open-end real estate searches
trueChicago Transit Authority Employees Retirement Plan is searching for a real estate manager to run $45 million in an open-end core commingled fund, said an RFP on the $1.9 billion pension fund’s website.
New York Life Real Estate Investors names head of business development
truePaul Behar joined New York Life Real Estate Investors as a senior director and head of business development.
Due diligence timelines accelerating for commercial real estate transactions — conference panel
trueThe time it takes to conduct due diligence for commercial real estate transactions is getting increasingly shorter as buyers and real estate money managers afloat in capital push to close deals, speakers on a panel on property acquisitions at The Real Estate & Bank General Counsel Forum said ...
TIAA Henderson Real Estate adds senior real estate analyst in Sydney
trueWilliam Keaveney was named senior real estate analyst at TIAA Henderson Real Estate in Sydney.
Landmark Partners closes $1.6 billion secondary real estate fund
trueLandmark Partners closed its Landmark Real Estate Fund VII at $1.6 billion, the private equity and real estate money manager, company spokeswoman Emily-Jane Finigan said in an e-mail.
Kayne Anderson Real Estate Partners IV closes at $1 billion
trueKayne Anderson Capital Advisors closed its $1 billion Kayne Anderson Real Estate Partners IV.
Illinois SURS earmarks $195 million to non-core real estate
trueIllinois State Universities Retirement System committed $195 million total to four non-core real estate managers.
Alameda County chooses Callan as new real estate consultant
trueAlameda County Employees' Retirement Association hired Callan Associates as real estate consultant.
Loan deadline sparks frenzy in real estate fundraising
trueReal estate managers predict investors seeking income will find opportunities in the wave of real estate loans - mostly underlying commercial mortgage-backed securities maturing over the next three years - that will need to be refinanced or restructured.