Landmark’s Fund XIV reached its goal of $1.5bn, but has not yet officially closed. The target was lowered from the fund’s initial offering of $2.4bn.
1 min read · 24 January 2013
San Diego-based Westcore Properties and New York-based Angelo, Gordon & Co acquire a $27.8m loan secured against a London office portfolio in a rare offload by a UK bank.
2 min read · 24 January 2013
Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.
2 min read · 24 January 2013
Fairholme Capital and Pershing Square have pledged $3.9bn of fresh capital to support a recapitalisation of bankrupt REIT General Growth Property. It follows Brookfield’s equity pledge of $2.63bn last month.
2 min read · 24 January 2013
After investing in Michael Jackson’s Neverland home to help the singer avoid foreclosure shortly before his death, Colony Capital will become Annie Leibovitz’s sole creditor and help her market her library of photographs.
3 min read · 24 January 2013
The mortgage REIT launched by Starwood Capital Group has continued its aggressive investment spree by acquiring a $503 million loan book from Teachers Insurance and Annuity Association of America.
1 min read · 24 January 2013
The listed firm is expected to again team with Coller Capital to spin out a portfolio, but the potential transaction would see 3i become the manager of the assets in play rather than the seller.
2 min read · 24 January 2013
The real estate group has also sold its debt fund management and servicing arms to Andrew Farkas’ Island Capital Group for $110m as part of the reorganisation.
2 min read · 24 January 2013
The London-based investment firm has acquired a six-storey office property in Milton Keynes for £15.8m from CBRE Investors, at the same time as buying a Welsh shopping centre for £24m.
2 min read · 24 January 2013
The London-based property services firm is to take full ownership of real estate investment management business Cordea Savills after agreeing to acquire a 40% stake from the its management for £15.4m.
2 min read · 24 January 2013
