Rockefeller Group Forming Partnership

Rockefeller Group International Inc. and Los Angeles-based CommonWealth Partners said they were forming a real estate investment management partnership.

The venture will provide CommonWealth with financial backing to acquire and develop large-scale office and mixed-use projects across the country on behalf of institutional investors such as the California Public Employees’ Retirement System.

CommonWealth has about $1.5 billion under management.

New York-based Rockefeller Group owns, develops and manages real estate.

-- Roger Vincent