The European Bank for Reconstruction and Development (EBRD) is on the hunt for a new director of property and tourism – one of the most significant roles in Eastern European property.
2 min read · 18 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
The takeover of property services firm DTZ, which has a property investment management arm, is said to be in doubt as both chief executive Paul Idzik and chief operating officer Robert Rickert resign. Meanwhile, the takeover of ING REIM by CBRE is said to be ‘on track’.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
Listed private equity firms were walloped in last week’s brutal hammering of public markets across the globe, with some analysts wary about the volatility of the sector.
2 min read · 18 January 2013
A consortium led by the New York-based fund manager bought a 25% stake in a $139m portfolio of predominantly nonperforming loans for 43 cents on the dollar. Another consortium of investors, including Oaktree, acquired a separate FDIC portfolio of 116 Colorado loans for 65 on the dollar.
2 min read · 18 January 2013
The San Francisco-based investment company, through a joint venture with Worthe Real Estate, has acquired a 20-acre development site in Southern California on behalf of its ninth real estate fund. Separately, Shorenstein has added a new member to its transactions team.
2 min read · 18 January 2013
The Los Angeles-based firm says it has struck its fourth nonperforming loan deal in Germany but, more importantly, it is the first time syndicated loans have been sold together as a package by a banking consortium as an NPL transaction in Germany, possibly in Europe.
2 min read · 18 January 2013
A private equity real estate fund managed by Rothschild Realty is investing up to $200 million in the San Diego-based company to acquire debt and equity in industrial and office properties on the West Coast.
2 min read · 18 January 2013
The Sydney-based REIT has sold its portfolio of 14 US office properties to Beacon Capital Partners as part of its plan to focus its efforts on Australian properties.
2 min read · 18 January 2013
