The Greenwich, Connecticut-based firm, led by Barry Sternlicht, has commenced fundraising for Starwood Distressed Opportunity Fund IX, targeting between $2 billion and $3 billion. The firm's hospitality fund series, however, will come to an end.
2 min read · 18 January 2013
Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
3 min read · 18 January 2013
Through its Heitman European Property Partners IV fund, the Chicago-based firm has purchased a Class A office building in Moscow from Capital Partners.
1 min read · 18 January 2013
The Asia logistics giant led by ex-ProLogis chief Jeff Schwartz and backed by the Government of Singapore Investment Corporation has reportedly been granted exclusivity in its negotiations to buy the Chicago-based investment management firm’s 24-asset Japanese logistics portfolio.
2 min read · 18 January 2013
The $26 billion pension plan’s board has approved a commitment to the Philadelphia-based private equity and mezzanine debt investor's latest high-yield real estate debt fund.
2 min read · 18 January 2013
Pradera follows up plans for an Egyptian retail fund with plans for a fund targeting investments in the Turkish retail real estate sector. The London-based firm has teamed up with Istanbul-based Krea Real Estate to launch the vehicle.
1 min read · 18 January 2013
The Garden State has revealed a resolution to commit $300 million to Blackstone Real Estate Partners VII in a 21 July meeting.
2 min read · 18 January 2013
AXA Real Estate Investment Managers has brokered a club deal to acquire six Accor-operated hotels in Europe — four in Paris and two in Belgium.
1 min read · 18 January 2013
The funding by the Frankfurt am Main-based fund manager is for a 350,000 square foot development in Manchester by London-based real estate developer Allied London.
2 min read · 18 January 2013
Optimum Asset Management, the Berlin and London-based real estate fund manager expects to generate a return of 15% IRR from investments, mainly in Berlin’s residential market.
2 min read · 18 January 2013
