The 500,000-square-foot development at One Channel Center is expected to cost roughly $225 million. Financial services firm State Street has agreed to occupy the entire property.
1 min read · 17 January 2013
Joe Azelby, a one-time professional American football player, has built JPMorgan’s core US real estate platform into a global real assets business with $60 billion under management. In an interview with PERE, he explains why he is a fan of diversity, why investors need to change their attitude towards allocation and why he ultimately is glad that his football career was short. By Robin Marriott. PERE Magazine June 2012 issue.
10 min read · 17 January 2013
The New York-based investment manager’s global head of real estate says the firm, which has been pursuing high-yield investments in real estate debt and US housing, is exploring the launch of a senior lending platform in Europe.
3 min read · 17 January 2013
The London-based firm started by former Lehman Brothers bankers has provided a rare bright spot in the European opportunistic fundraising market by reaching £60 million for its first fund.
2 min read · 17 January 2013
Head Niel Thassim and CIO Paul Keogh will not see their employment contracts renewed as the Deutsche Bank unit continues to pave the way for a takeover by New York-based financial services firm Guggenheim.
3 min read · 17 January 2013
The chief executive of the Sorgente Group says he wants the London property market to ‘sit up and take notice’ of its arrival as the Rome-based asset manager acquires Queensberry House on behalf of its semi-closed ended, Donatello Fund.
3 min read · 17 January 2013
On the sidelines of last week’s PERE Summit: Europe in London, PERE heard from Russell Jewell, AEW Europe’s head of private equity funds, on why its important for investors to allow their managers keep some flexibility.
2 min read · 17 January 2013
The San Francisco-based firm is seeking up to $500 million to invest in nonperforming residential and mixed-use real estate primarily in California, Arizona, Florida, Nevada and Texas. Encore Housing Opportunity Fund II will follow the same strategy as Fund I but with an expanded reach.
2 min read · 17 January 2013
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
2 min read · 17 January 2013
The Fort Worth, Texas-based private equity firm has purchased a 43 percent stake in the Florida REIT. In addition, TPG will appoint four executives to Parkway’s board of directors.
2 min read · 17 January 2013
