Almost half a year after granting Apollo Global Management exclusivity to the books of its real estate lending arm WestImmo ahead of a potential sale, Germany’s WestLB has cancelled the deal.
2 min read · 18 January 2013
Polls open today for the 2011Global PERE Awards. Now is the time for you, our loyal readers, to determine which firms and individuals stood out from the crowd this past year.
2 min read · 18 January 2013
The Chicago-based private equity real estate firm has formed a partnership with Hungarian developer TriGranit to own and operate four office properties in Budapest valued at €145 million.
2 min read · 18 January 2013
The New York-based real estate advisory firm has opened offices in Hong Kong and London as part of its global expansion, which also marks the firm’s entree into the third-party capital raising arena.
3 min read · 18 January 2013
The $37.7 billion pension system has approved an allocation to the New York-based private equity giant’s latest global real estate fund, which is expected to reach $6 billion in commitments by year’s end.
1 min read · 18 January 2013
The estate of the former Wall Street banking giant has exercised its right of first offer and matched the bid made by the Sam Zell-led REIT. Lehman also is suing co-owners Bank of America and Barclays for breach of contract.
2 min read · 18 January 2013
The largest investors in the $4.7bn Morgan Stanley Real Estate Fund (MSREF) VII Global have notionally agreed to extend its investment period by 12 months in return for the cancellation of $700 million of capital commitments and a small reduction on various fees.
2 min read · 18 January 2013
The Chicago-based real estate firm has acquired The Parking Spot for $360 million on behalf of its third value-added fund.
2 min read · 18 January 2013
The $50.8 billion pension plan will allocate up to $100 million to Prudential’s $500 million value-added fund focusing on senior housing investments.
2 min read · 18 January 2013
The giant apartment REIT in the middle of a heated ownership battle has purchased a 209-unit high-rise building in Manhattan’s Kips Bay neighbourhood.
2 min read · 18 January 2013
