For the first time since 2009, new capital available for global commercial real estate investment will see a reduction next year, as investors grow increasingly cautious towards the asset class, property services firm DTZ revealed today. The firm also reported a pause in new capital raising in the face of current economic uncertainty.
3 min read · 18 January 2013
Jay Mantz, the former Morgan Stanley head of real estate investing, has joined Rialto Capital Management as president to oversee the company's real estate investment management business.
3 min read · 18 January 2013
The real estate arm of the German financial institution and the Canadian pension fund have committed $100 million each to the Denver-based apartment REIT's new club fund targeting apartment buildings in core US markets.
2 min read · 18 January 2013
Zain Fancy, the former head of Asia at Morgan Stanley Real Estate Investing, has launched Clifton Real Estate Group as he seeks to grow a real estate investment business initially focussed on small- to medium-sized transactions in Singapore.
2 min read · 18 January 2013
The London-based asset management firm, Henderson Global Investors, has recruited internally to create a position of director of institutional business, hiring Andrew Friend as the first incumbent.
2 min read · 18 January 2013
Firms headed by Lewis Ranieri and Wilbur Ross have teamed up to buy Deutsche Bank's $28 billion multifamily loan origination business.
2 min read · 18 January 2013
Pacific Star’s head of research and strategic planning, Leslie Chua, has left the company to join RREEF less than one year after joining. His appointment completes RREEF’s research leadership, the firm said.
2 min read · 18 January 2013
The Canadian pension plan and the Chicago-based shopping mall REIT have purchased a two-storey, 482,000-square-foot shopping centre in St Louis from Davis Street Properties. CPPIB also will invest in another St. Louis mall owned by GGP.
1 min read · 18 January 2013
The New York-based private equity and real estate giant is set to sell the Channel 1 shopping centre in Shanghai to a subsidiary of Hong Kong-listed New World Development Co in a deal valued at RMB1.46 bn.
1 min read · 18 January 2013
The New Jersey-based real estate investment firm is looking to raise roughly $50 million for its third fund focused on the acquisition of distressed mortgages.
2 min read · 18 January 2013
