PRAGUE-An AEW/Tristan fund entered into an 80-20 JV with VGP for about four million square feet of logistics buildings.

FARMINGTON HILLS, MI-David Friedman tells GlobeSt.com’s Robert Carr that the Detroit office market bottom should start another cycle, though tenants are looking downtown again.

LONDON-Alexander Knapp, local project director, tells GlobeSt.com’s Robert Carr that the constrained office market here will raise rents through 2014.

ROSEMONT, IL-The hotel management and development company is moving to a furnished, 13,000-square-foot office from its current space down the road. Plus more Midwest news.

CHICAGO-Waterton Associates has closed a $500 million discretionary multifamily investment fund created to add value through repositioning, capitalizing and buying secured debt.

OMAHA, NE-Creighton Medical Associates has asked the Minneapolis-based NorthMarq Healthcare Advisory Group to handle its clinic leases.

MUNICH-The locally-based Allianz will provide 85% of the funding for the joint venture, which will invest in properties tied to global trade and in major ports throughout Europe.

CHICAGO-Locally-based Alter Group, which develops office and industrial projects nationwide, says it is chasing industrial this year, and hopes to fill two new offices by 2013.