The California-based investment manager has purchased its first out-of-state asset: a grocery-anchored shopping centre in Washington State. It purchased the property from a local operator for $39 million.
1 min read · 18 January 2013
No secret handshake, no back-room deal – special servicers like LNR Partners and Torchlight are quickly taking to eBay-style online auctions for distressed debt and nonperforming real estate assets.
3 min read · 18 January 2013
Private equity firms active in the UK have gained vital clarity on their responsibilities in the government’s battle against corruption. Many of their liabilities will extend to portfolio company level under the UK Bribery Act set to enter force in July.
2 min read · 18 January 2013
Ernst & Young has been appointed receiver to a £1bn portfolio of Marriott hotels in the UK bought by Quinlan Private and clients of Israeli investor, Igal Ahouvi Group, in 2007.
2 min read · 18 January 2013
The US Securities and Exchange Commission adopted final rules surrounding required registration with the agency. Private fund managers must comply by 30 March 2012.
1 min read · 18 January 2013
The Los Angeles firm that is enlarging via the acquisition of ING Real Estate Investment Management has appointed Cédric Engel and Loïc Cohen to enhance its value-added investment capabilities in Europe. Jean Lamothe, president of CBRE Investors in Europe, calls them 'tremendous additions'.
2 min read · 18 January 2013
Josh Cleveland has joined Clairvue Capital Partners as the firm starts to target real estate secondaries as well as recapitalisations.
2 min read · 18 January 2013
The Brazilian fund manager has launched a follow-up to its opportunistic development vehicle. The firm hopes to raise $450 million for commercial and industrial project.
1 min read · 18 January 2013
The German business of Henderson Global Investors has raised €130 million in equity for its second Austria-focused property fund. The firm now plans to begin deploying the capital in core to core-plus retail and office properties.
2 min read · 18 January 2013
Blackstone’s barracking over its investment into Southern Cross demonstrates that firms will have to be careful in their future real estate dealings.
3 min read · 18 January 2013
