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Real estate investors forecasting 10% returns in 2015
trueThe average forecast return in 2015 for the NCREIF Property index is 9.8%, according to The Pension Real Estate Association's latest consensus forecast survey, released Thursday.
MainePERS earmarks $219 million for 4 funds
trueMaine Public Employees Retirement System made four new commitments totaling up to $219.2 million.
Iowa Municipal Fire & Police slates $50 million for real estate debt fund
trueIowa Municipal Fire & Police Retirement System committed $50 million to the Contrarian Distressed Real Estate Debt Fund III.
Hawaii Employees commits to 2 real estate funds
trueHawaii Employees' Retirement System approved $40 million total in real estate commitments.
Cook County gains 6.13% for 2014 behind real estate investments
trueCook County Annuity & Benefit Fund returned 2.5% on its investments in the fourth quarter and 6.13% for 2014 on the strength of its real estate investments.
Connecticut Retirement Plans earmarks up to $140 million to 2 real estate funds
trueConnecticut Retirement Plans & Trust Funds agreed to commit a total of up to $140 million to two real estate funds.
Florida SBA looking for real estate, global equity portfolio managers
trueFlorida State Board of Administration is searching for a senior portfolio manager of externally managed real estate portfolios.
CBRE names managing director, global key accounts
trueKlaus Kortebein was named managing director, global key accounts for CBRE Global Investors’ separate accounts business.
Insurers focus on joint ventures for real estate deals
trueUpdated with correction
Illinois State Universities plans real estate searches for next 2 years
trueIllinois State Universities Retirement System plans to search for real estate managers next year and in 2017 to manage a total of $70 million each year.
Cook County Annuity & Benefit commits $80 million to 3 real estate funds
trueCook County Annuity & Benefit Fund on Thursday approved $80 million in commitments to three commingled real estate funds.
Taiwan's BLF seeks managers for $2.4 billion in infrastructure, real estate securities
trueThe Bureau of Labor Funds, which oversees seven public funds in Taiwan with combined assets of NT$2.9 trillion (US$92 billion), is looking for firms to manage US$1.8 billion in global listed infrastructure securities and US$600 million in global real estate securities.
Arizona Public Safety commits $130 million to 3 managers
trueArizona Public Safety Personnel Retirement System, Phoenix, made up to $110 million in new commitments and co-investments plus a follow-on commitment of up to $20 million.
CBRE hires internally for new head of EMEA transactions position
trueJohn Mulqueen was promoted to head of transactions EMEA at real estate money management firm CBRE Global Investors.
New Mexico Educational launches real estate, natural resources consultant search
trueNew Mexico Educational Retirement Board launched a search for a real estate and natural resources consultant.