Deals

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

Selling the legacy of Hollywood’s Golden Age

Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.

Blackstone is ready to talk about its Embassy REIT exit

With support from some of India’s biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.

Deep Dive: Why 2024 looks bright for the sector-specialists

While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.

VIDEO: QIA’s Chamdia sees higher rates as an ‘opportunity’

At the PERE Network Asia Summit, the sovereign fund’s global head of real estate said elevated rates had made the sector less competitive.

US commercial real estate concerns hitting German lenders

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.

MSREI extends investment period for G10 opportunity fund

The private real estate arm of Morgan Stanley has agreed an additional year to deploy the fund’s capital amid market challenges.

BBC Elstree Centre readies for a French makeover

AXA IM Alts prepares to buy the iconic British film and television studios from the BBC in a sale-leaseback.

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.

The sun will shine on hospitality in Europe this year

Dealflow is likely to increase, says Marten Foxon, former head of the global hospitality portfolio at Abu Dhabi Investment Authority.