Katherine Bucaccio
As part of a new stateside plan, the real estate investment management arm of French insurance giant AXA has added Steve McCarthy as US head of asset management and transactions.
The $5.95 billion county pension has invested in its last distressed real estate fund for the current fiscal year, committing $25 million to John Paulson’s second real estate offering.
In order to reach its 12 percent target real estate allocation, the Ohio pension plan may commit up to $110 million more through its tactical portfolio by the end of 2013.
The San Francisco-based real estate investment firm has closed on its eleventh commingled offering, raising $900 million in equity.
Knighthead Capital and Silo Financial have joined forces to launch Knighthead Funding, which recently closed the Knighthead Special Situations Real Estate Fund on $155 million in equity.
International Housing Solutions has received two initial commitments totaling $63 million for its second South Africa-focused residential fund.
The world’s largest sovereign wealth fund has purchased a 45 percent interest in the NYC building from Boston Properties for $684 million.
The Beverly Hills-based investment firm, along with hedge fund Varde Partners, has acquired eight shopping centers throughout England and Scotland for £250 million.
The Canadian pension plan has purchased a 50 percent stake in Samsung SRA’s fourth real estate fund, investing $116 million in a Seoul office development.
A partnership between the two firms has sold a development site on Manhattan’s West Side to former LA Dodgers owner Frank McCourt for $167 million.
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