The two firms have acquired a $385m portfolio of hotel loans from the US banking regulator for around 80 cents on the dollar.
2 min read · 18 January 2013
A bill passed by New York’s State Assembly has expanded NYC’s rent regulations governing what landlords can charge and when they can convert apartments to market rates, but it faces increasing opposition in the State Senate.
2 min read · 18 January 2013
Political turmoil in the Middle East and North Africa has 'stymied' economic recovery, but the region is in a strong position for future growth, according to delegates at Middle East Forum.
3 min read · 18 January 2013
St Martins, the UK real estate arm of the $200bn Kuwait Investment Authority, has made further inroads into its plan to sell £900m of its UK real estate after agreeing the sale of three assets to a club fund involving AREA Property Partners.
2 min read · 18 January 2013
The London-based private equity real estate firm has appointed placement agent Monument Group to raise Patron Capital LP Fund IV, which could be one of Europe’s largest opportunity funds in the market this year.
2 min read · 18 January 2013
Gerald Ronson, one of the UK’s best known developers whose Heron International is backed by a number of wealthy US businessmen and Middle Eastern investors, has formed Ronson Capital Partners to buy UK real estate.
2 min read · 18 January 2013
The Abu-Dhabi state investment fund plans to increase spending to $16.3 billion, Bloomberg reports, by increasing exposures to asset classes including real estate.
2 min read · 18 January 2013
The deadline for most private equity firms to register with the US Securities and Exchange Commission has been set for 21 July this year, but may be extended to the first quarter of 2012, according to a letter from the government agency.
3 min read · 18 January 2013
Insurer reaches halfway point in its quest to raise ‘innovative’ UK Property Income Fund. Legal & General Property's head, Bill Hughes, says raising equity remains a challenge, yet he is delighted with the success so far.
2 min read · 18 January 2013
With Landmark becoming the latest firm to raise a fund targeting real estate secondaries, the question becomes how much opportunity is really out there.
3 min read · 18 January 2013
