The real estate policy announced on Sunday by China’s government has been interpreted by many as a clamp-down on international commercial property investors. However, much has been lost in translation, PERE sources say. By Jonathan Brasse.
2 min read · 24 January 2013
It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.
3 min read · 24 January 2013
The debt shop has acquired the A-note of a construction loan for Jay Paul’s 1.8m sq. ft. Moffett Towers project in Silicon Valley from Morgan Stanley. At 13% leased, Mesa West says it is eyeing value-add deals with growth potential.
2 min read · 24 January 2013
It’s third time lucky for Lone Star as the Dallas-based private equity and real estate giant finally agrees an exit from the Korean bank.
1 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
Henry Morris will pay $19m and accept a permanent ban from the securities industry in New York State as part of his guilty plea in New York’s pay-to-play pension investigation.
2 min read · 24 January 2013
Jennifer McHugh will act as the agency's lead regulator for the $39trn asset management industry following Andrew Donohue's departure earlier this month.
2 min read · 24 January 2013
Investors targeting infrastructure funds are increasingly in favour of differentiating fees according to investment strategies, closed-end funds rather than open funds, and creating separate infrastructure allocations. These are among the findings of a new survey from placement agent Probitas Partners.
2 min read · 24 January 2013
After restructuring more than $2.2bn of debt secured against its legacy office properties, the New York-based firm has bought a new asset from a venture between GMAC and PRP
2 min read · 24 January 2013
Nine months after taking back control of California’s La Costa Resort from Whitehall Street, the Denver-based leisure and travel-focused firm has bought the ski resort that hosted the 1960 Winter Olympics.
2 min read · 24 January 2013
