Starwood founder Barry Sternlicht has warned that in the search for yield in the US, some lenders are returning to the days of 2007 and 2008 and failing to underwrite actual cash flows.
2 min read · 24 January 2013
The secondaries investor now holds 48.9 percent of the Chrysler East Building, as it eyes LPs looking to exit JV investments in core assets in the US and Europe.
2 min read · 24 January 2013
Roughly 20 months after buying the office portion of 1540 Broadway for $355m, CBRE Investors has sold a 49% stake in the property to Edge Fund Advisers and HSBC. The deal values the tower at $520m – almost half the price paid by Harry Macklowe in 2007.
1 min read · 24 January 2013
The combined assets under management of the two firms is expected to be more than $12 billion, according to a report by Japan’s Nikkei.
2 min read · 24 January 2013
Asset sales continue as loss-making US insurance giant AIG prepares to offload its Asia private equity real estate business to sole remaining bidder, Invesco Real Estate.
3 min read · 24 January 2013
The London-based private equity firm has acquired Vue Entertainment and its 68 outlets
1 min read · 24 January 2013
Investors are starting to eye selling and buying properties, but seven out of 10 have little appetite for cross-border deals. Only Europeans are bucking the trend, according to a report.
2 min read · 24 January 2013
Cavendish Square Partners, the Coller-backed owner of the former Bank of Scotland Integrated Finance private equity portfolio, has begun divesting its assets with the £450m sale of Vue Cinemas to London-based Doughty Hanson.
2 min read · 24 January 2013
The capital injection is matched by an investment of equal size from New York-based Anchorage Capital Group, part of an expected aggregate $325m capital raise by Central Pacific.
1 min read · 24 January 2013
Following an internal audit this summer, Kentucky Retirement Systems is facing a review by Kentucky’s state auditor over its use of placement agents.
2 min read · 24 January 2013
