The distressed loan specialist and real estate investor is buying a portfolio of German properties as Europe’s largest economy continues to recover.
2 min read · 23 January 2013
A joint venture between Walton Street and Westbrook Partners has acquired The Drake Hotel, which has played host to everyone from Queen Elizabeth to Hollywood royalty.
1 min read · 23 January 2013
The North American Free Trade Agreement (NAFTA), which liberalized trade restrictions among Canada, Mexico and the US, went into effect on January 1, 1994 despite fierce opposition from American labour unions, Mexican farmers, Zapatista revolutionaries and an outspoken US presidential candidate—Texas billionaire Ross Perot infamously remarked that NAFTA would create a “giant sucking sound” as American jobs were lost to cheaper labour south of the border. More than a decade later, it seems those anxieties were misplaced. Domestic workers had much more to fear from the Far East than they ever did from Mexico.
2 min read · 01 February 2013
Magic Mountain, the famed Los Angeles-area theme park, may soon be converted to a retail and residential development.
2 min read · 23 January 2013
Condo developers are using all sorts of enticements to lure buyers including, in one Brooklyn development, former NBA star John Starks.
2 min read · 23 January 2013
The Morristown, New Jersey-based opportunistic investor expects the fund, which has $600 million in buying power, to be fully invested within the next year.
1 min read · 23 January 2013
A blogger in China is taking on the powers that be, urging local Shenzhen residents to boycott the real estate market.
2 min read · 23 January 2013
GI Partners, a trans-Atlantic private equity firm, has raised $1.45bn from investors including CalPERS, ATP and Abu Dhabi Investment Authority.
2 min read · 23 January 2013
Beirut-based Corporate Finance House has announced a first close for its new property fund focused on the Middle East.
1 min read · 23 January 2013
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
2 min read · 23 January 2013
