The New York-based private equity firm said today it had agreed to buy the assets of stricken Speymill Deutsche Immobilien from receivers a month after reports first surfaced of the investment.
2 min read · 17 January 2013
The Morristown, New Jersey-based real estate firm has successfully refinanced with Morgan Stanley the debt on a portfolio of offices it acquired in northern Virginia and suburban Maryland.
1 min read · 17 January 2013
John McCarthy, Starwood Capital Group’s global head of asset management, who held a similar role for the real estate division of collapsed Wall Street bank Lehman Brothers, is expected to join ADIA’s Real Estate Department next month.
2 min read · 17 January 2013
Equity from a separate account with the Public Officials Benefit Association of Korea, won via last year’s takeover of ING REIM, has been put to work in the purchase of Thames Court in the City of London.
2 min read · 17 January 2013
The Greenwich, Connecticut real estate investment firm, in a joint venture with Gaia Real Estate, has purchased a 32-property multifamily portfolio in the US. The deal forms part of its acquisition and recapitalisation of the properties’ bankrupt owner, PJ Finance Company.
2 min read · 17 January 2013
Luxembourg, a popular fund domicile for GPs worldwide, has signed a double tax treaty with Germany that could introduce withholding tax on hybrid debt instruments used to help acquire German targets.
2 min read · 17 January 2013
The new platform, TriLyn Investment Management, will be focused on opportunities in high-yield commercial real estate debt. The firm has hired the former CEO of Brookfield Investment Management, John Feeney Jr., to co-run the unit.
2 min read · 17 January 2013
The two firms have mutually agreed to end exclusive negotiations on buying three parts of Deutsche Bank Asset Management's business put up for sale and focus solely on a possible sale of the bank’s global alternative asset management business, which includes real estate and infrastructure.
2 min read · 17 January 2013
First quarter results published by newly-public Oaktree Capital Management reveal that it closed its latest real estate opportunity fund on $1.3 billion in commitments and has just launched its next real estate fund with a target of at least $1.5 billion.
3 min read · 17 January 2013
The National Bank of Abu Dhabi is opening up a Middle Eastern property fund to global financial investors, having received a commitment from the Gulf Investment Corporation.
2 min read · 17 January 2013
