The New York-based private equity real estate firm has held a final close for its US real estate vehicle, which initially had fundraising challenges but ultimately exceeded its $650 million target. The capital raise was bolstered in part by a sizable commitment from Texas Teachers.
2 min read · 17 January 2013
Two firms led by former Blackstone Real Estate Advisors and Related Companies executives have formed AWH Partners, a new venture that is targeting investments in the hotel real estate sector, where transaction activity has been heating up.
3 min read · 17 January 2013
The New York-based private equity and real estate giant has signed a deal to purchase Devonshire Square, a 12-building office and retail complex, from ADIA and Rockpoint.
1 min read · 17 January 2013
The Stockholm-based firm reveals it has raised its largest Nordic opportunistic fund since it started in 1998, despite the ‘challenging’ fundraising environment, smashing its original €600m target.
2 min read · 17 January 2013
The two firms are purchasing separate aspects of a retail and office property in Manhattan for a total of $325 million. Starwood will acquire the building for $175 million, while New York Life will buy the ground beneath the building for $150 million.
2 min read · 17 January 2013
The New York-based private equity and real estate giant has purchased StarHub Green, a 400,000-square-foot office park in the Southeast Asian city-state, from SEB Asset Management for roughly $173 million.
1 min read · 17 January 2013
The Hong Kong-based private equity and real estate firm has bolstered its ranks by recruiting a four-strong team from Amsterdam-based retail property company Redevco led by Robert Lie.
2 min read · 17 January 2013
The Land of Enchantment’s $15 billion endowment has made contributions to Clarion’s Lion Industrial Trust and Prudential’s PRISA as part of a strategy to move away from opportunistic investments and more toward income-producing ones.
2 min read · 17 January 2013
The investment management subsidiary of the US insurer has set aside an initial pool of $100 million to establish a programme to support real estate and private equity firms with strong women and minority participation as part of an overall companywide diversity initiative.
2 min read · 17 January 2013
Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.
3 min read · 17 January 2013
