The John Grayken-led firm is expected to hold a final close on its second real estate fund in May. The firm has been raising two funds simultaneously since 2009 for real estate and distressed debt investments.
2 min read · 18 January 2013
The New York development company is raising a distressed opportunity fund to target loans and assets across all real estate sectors in the US. The firm has closed on $250m of commitments to date.
2 min read · 18 January 2013
A US federal appeals court has given the green light to an investor lawsuit claiming Blackstone whitewashed its portfolio before launching its listing on the NYSE.
1 min read · 18 January 2013
The co-head of Goldman Sachs’ Real Estate Principal Investment Area in the Americas will be leaving the bank at the end of March. Edward Siskind will relocate from London to New York and continue to head up the global business.
2 min read · 18 January 2013
After hitting an all-time low of just $2.7bn of new CMBS issuance in 2009, the securitisation market is expected to originate up to $15bn per quarter in new deals, with large portfolio refinancings pushing the figure up to $65bn.
2 min read · 18 January 2013
Jefferies managing directors Magnus Christensson and Mark Hallock will launch an independent placement firm, possibly under the name Helix, the name of the placement group Jefferies acquired in 2005.
1 min read · 18 January 2013
Two years after being appointed to grow Pacific Star’s presence in China, Wilfred Wong has agreed a deal with the Singapore fund manager to spin its Hong Kong division out and set up his own platform. Wong’s new business is named Pinnacle State Group.
2 min read · 18 January 2013
As hundreds of billions of dollars of commercial real estate debt matures over the next few years, transaction volume will increase dramatically, not least in the US' secondary markets. Quality, however, will be key
2 min read · 18 January 2013
The $228.3bn public pension will target private core real estate through separate accounts focused on the US, as it warns commingled funds will be the investment vehicle of last resort.
2 min read · 18 January 2013
As the European fund manager looks to expand in the US, it is considering creating new platforms through JVs with other GPs.
1 min read · 18 January 2013
