With Blackstone already making plans for another fund even as it continues to raise capital for its current offering, competitors and others in the industry are beginning to question whether recent returns match the firm’s celebrity status with investors.
3 min read · 17 January 2013
Starwood, the LeFrak Organization and Invesco have purchased the former Gansevoort Hotel and adjacent condominiums for nearly $324 million and plan to invest more than $100 million to renovate the property.
3 min read · 17 January 2013
New York's Apollo Global Real Estate Management has struck up a venture with Canada’s Ivanhoé Cambridge and prime central London residential property company Residential Land.
2 min read · 17 January 2013
A healthcare REIT has acquired a portfolio of 10 nursing facilities in the southeastern US from a venture between Westport, Reichmann Development and Wellington Healthcare Services. Wellington will continue to operate the facilities, which sold for $167 million.
1 min read · 17 January 2013
The New York-based private equity and real estate giant also said that Europe would be a major target for real estate opportunities in 2012.
3 min read · 17 January 2013
MGPA has sourced a debut deal on behalf of its tie-up with CNL Financial Group in what it expects to be the first of many transactions for the Orlando-based private REIT manager.
3 min read · 17 January 2013
The Los Angeles-based investment management firm has purchased the mezzanine debt on a 26-property portfolio valued at $337 million and taken control of the assets via deed-in-lieu of foreclosure.
2 min read · 17 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 17 January 2013
The New York-based real estate investment manager has acquired 535 and 545 Boylston Street from Westport Point Capital and Prudential on behalf of a separate account client.
2 min read · 17 January 2013
The Sydney-based bank is one of at least three firms vying to buy the businesses of DBAM, which include RREEF Real Estate and RREEF Infrastructure. Second round bids are due next week.
2 min read · 17 January 2013
