The secondaries investor now holds 48.9 percent of the Chrysler East Building, as it eyes LPs looking to exit JV investments in core assets in the US and Europe.
2 min read · 24 January 2013
Roughly 20 months after buying the office portion of 1540 Broadway for $355m, CBRE Investors has sold a 49% stake in the property to Edge Fund Advisers and HSBC. The deal values the tower at $520m – almost half the price paid by Harry Macklowe in 2007.
1 min read · 24 January 2013
The firm has hired Michael Arpey as a managing director responsible for coordination of investor relations, new fund formation and the development of new investor products.
2 min read · 24 January 2013
The combined assets under management of the two firms is expected to be more than $12 billion, according to a report by Japan’s Nikkei.
2 min read · 24 January 2013
Asset sales continue as loss-making US insurance giant AIG prepares to offload its Asia private equity real estate business to sole remaining bidder, Invesco Real Estate.
3 min read · 24 January 2013
The London-based private equity firm has acquired Vue Entertainment and its 68 outlets
1 min read · 24 January 2013
Investors are starting to eye selling and buying properties, but seven out of 10 have little appetite for cross-border deals. Only Europeans are bucking the trend, according to a report.
2 min read · 24 January 2013
Cavendish Square Partners, the Coller-backed owner of the former Bank of Scotland Integrated Finance private equity portfolio, has begun divesting its assets with the £450m sale of Vue Cinemas to London-based Doughty Hanson.
2 min read · 24 January 2013
The capital injection is matched by an investment of equal size from New York-based Anchorage Capital Group, part of an expected aggregate $325m capital raise by Central Pacific.
1 min read · 24 January 2013
Following an internal audit this summer, Kentucky Retirement Systems is facing a review by Kentucky’s state auditor over its use of placement agents.
2 min read · 24 January 2013
