The two New York-based fund managers have agreed a deal that sees Tishman buy the two-building headquarters for $65m for its $1bn Fund VII. Tishman plans to spend around $23m on upgrades.
2 min read · 18 January 2013
Buying ING REIM would make CBRE Investors, led by Matt Khourie, the largest property management firm in the world – but not the largest opportunity fund manager globally.
4 min read · 18 January 2013
The Middle East’s largest private equity firm has launched a joint venture entity with Saudi gateway investment body Saudi Arabian General Investment Authority (SAGIA), to invest SAR2bn in the country across sectors including real estate and private equity.
2 min read · 18 January 2013
Dallas-based Lone Star is reportedly among a group of lenders which are seeking to take over Tokyo Star, the Tokyo-based bank currently owned by private equity firm Advantage Partners.
2 min read · 18 January 2013
The real estate investment arm of the insurance giant is launching an industrial development vehicle focused on Brazil and retail development fund targeting China. The funds could be limited to a small number of large LPs.
2 min read · 18 January 2013
An informal survey taken at PEI Media's CFOs and COOs Forum in New York last week revealed GPs plan to contribute between 2% and 5% to their own funds going forward to better align interests with LPs.
3 min read · 18 January 2013
Led by former Investcorp co-head John Fraser, the group will target US opportunistic deals.
1 min read · 18 January 2013
The New York firm, which only sold the landmark OpernTurm tower in the same city last month, said it would be developing a 40-storey office in joint venture with Commerz Real.
1 min read · 18 January 2013
With just under four days of voting left to go, industry executives are voting on the deal strategy of 2010: recaps or platform takeovers
2 min read · 18 January 2013
After suffering heavy losses on its real estate investments in 2008 and 2009, the bank reported gains of $431m in its merchant banking operations thanks, in part, to fund investments.
2 min read · 18 January 2013
