The acquisition of 600 Lexington Avenue by the US REIT has been closely watched by real estate investors amid speculation a price bubbling is gripping the city. The deal, for which SL Green is looking for a JV partner, values the property at $636-a-square-foot.
2 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
It has emerged that managing directors Anders Âström and Tomas Otterud have departed the company having joined less than a year earlier
1 min read · 24 January 2013
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
2 min read · 24 January 2013
The Equity Group Investments chairman warned large opportunity funds, such as MSREF and Whitehall, were too big and took too many risks, on the opening day of the spring ULI conference in Boston.
2 min read · 24 January 2013
The $10.5bn pension's investment committee is considering committing to Draper Fisher Jurvetson and HIG Bayside.
1 min read · 24 January 2013
Tower 42, London’s tallest occupied skyscraper, is reportedly up for sale this week by Hermes Real Estate and Blackrock’s UK property fund.
1 min read · 24 January 2013
Despite coming in shy of target, it is the largest fund raised for Asia in the last 18 months.
3 min read · 24 January 2013
The university’s chief investment officer David Swensen is reportedly still enthusiastic about illiquid assets, which he says could benefit from an even greater investment allocation owing to legacy commitments.
2 min read · 24 January 2013
Evercore Partners, the investing banking advisory firm, has acquired MJC Associates, a commercial real estate advisory practice, in its home city of New York.
1 min read · 24 January 2013
