TPG, formerly known as the Texas Pacific Group, is making a push into real estate using its latest private equity funds – TPG Partners V and the gargantuan TPG Partners VI, which raised $18.8 billion in 2008.
1 min read · 24 January 2013
Trustees for the mortgage bond holders insist the mezzanine debt players have to repay the $3bn senior loan before being allowed to foreclose on the 80-acre multifamily complex in Manhattan.
3 min read · 24 January 2013
The New York-based real estate firm has taken over the Makena Beach and Golf Resort in a joint venture with Trinity Investments and Stanford Carr, after senior lenders foreclosed on the 1,800-acre asset last year.
2 min read · 24 January 2013
Teaming up with developer Golub & Company, Praedium has bought Clover Creek from Intercontinental Real Estate and Olympic Investors for just shy of its 2004 valuation.
2 min read · 24 January 2013
KingSett and AIMCo, the consortium of Alberta pensions and endowments, acquire ING’s 50% stake in an industrial fund for $1.9bn – along with the fund’s management platform, ING Real Estate Canada.
2 min read · 24 January 2013
The pension’s head of alternative investments, already on administrative leave, has resigned amid an ongoing placement agent investigation. CIO Joseph Dear will take over his role until a replacement is found.
2 min read · 24 January 2013
Real estate funds currently in market have secured just 10 percent of their targeted capital commitments as LPs sense there’s no penalty in waiting to invest.
3 min read · 24 January 2013
IR veteran Maryfrances Metrick will join the Blackstone spinout in October amid fundraising for the firm’s second fund, targeting $3.75bn.
1 min read · 24 January 2013
Nick Tyrrell, who was head of research and strategy at JP Morgan’s European real estate group, has died after a prolonged illness
1 min read · 24 January 2013
The Hong Kong-based private equity real estate, founded by brothers Goodwin and Kenneth Gaw in 2005, says it will ‘steer clear’ of tier one cities in China and primarily target second and third tier cities instead.
2 min read · 24 January 2013
