Bankrupt REIT General Growth Properties is reportedly expecting Brookfield Asset Management to come up with a better recapitalisation plan for the US mall owner, after Simon Property Group introduced a rival offer with more ‘favourable’ terms.
2 min read · 24 January 2013
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on existing and new investments Apollo manages solely on behalf of the California pension.
2 min read · 24 January 2013
It has been repeatedly said that commercial real estate will be the next shoe to drop in the US. But thanks to a lack of transactions and a wall of uninvested equity, speculation is mounting that it has already happened. By Zoe Hughes
3 min read · 24 January 2013
Editor of PERENews, Jonathan Brasse, and PEI Media sales and marketing chief, Paul McLean, will be running the London Marathon this year on behalf of Downsed, a charity which provides educational support to young people affected by Downs Syndrome.
1 min read · 24 January 2013
Both Morgan Stanley and Goldman Sachs have been publicly shamed this week by national newspaper reports over the performance of a real estate fund. But the negative PR is unlikely to be a killer blow for either of them.
3 min read · 24 January 2013
Debt availability in the US is starting to return to real estate markets, and ‘given enough time’ will ‘return at much higher levels’ than seen in 2007, Beacon Capital’s Alan Leventhal told the ULI spring conference.
2 min read · 24 January 2013
The firm has accused its departed co-founder of 'unethical' conduct in a pension pay-to-play scandal. Rattner denies the accusation.
2 min read · 24 January 2013
Chairman and chief executive officer of ING Clarion Stephen Furnary said
2 min read · 24 January 2013
Commingled private equity real estate funds will remain a force within the property investment world, amid suggestions institutional investors’ call for more direct investments could be short-lived.
1 min read · 24 January 2013
The real estate investment firm has teamed up with Pacific Property Company to buy 248 multifamily units from US REIT, BRE Properties.
1 min read · 24 January 2013
