The two real estate investors have reached an interim agreement to reduce some January and February rents at the 80-acre multifamily complex.
2 min read · 21 January 2013
The Swiss alternatives manager has more than doubled the size of its previous global secondaries fund, closed in 2006.
2 min read · 21 January 2013
The oil and gas exploration platform, created in 2005 by a consortium including Carlyle, Goldman and First Reserve, hopes to fund its exploration activities despite having ‘no proved reserves’.
2 min read · 21 January 2013
The London-based company Internos Real Investors has taken on the European property fund management arm of Australian REIT, The GPT Group.
1 min read · 21 January 2013
Scott Lawlor, founder of the troubled private equity real estate platform, will roll out a residential strategy ‘imminently’. But he insists to the New York Times Broadway’s problems were bad timing and the severity of the crash – not leverage.
3 min read · 21 January 2013
The Chicago-based firm has bought an 8.5% interest in Brazilian Finance & Real Estate. The São Paulo firm is involved in mortgage origination, securitisation and asset management.
1 min read · 21 January 2013
The firm led by Katsuya Takanashi emerges as the winner to buy the 418,000 square foot Tokyo office from lenders including Shinsei Bank, which seized control of the building when previous owner KK daVinci failed to meet its debt obligation on the building.
2 min read · 21 January 2013
Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. By Robin Marriott
3 min read · 21 January 2013
The West coast debt shop is set to acquire Lehman Brothers Real Estate Mezzanine Partners I and II following 'many months' of negotiations. PCCP will open an office in New York to help deal with the fund workouts.
2 min read · 21 January 2013
Barry Sternlicht, CEO of Starwood Capital, warns the US government's bailout programmes are not needed in today's markets as capital looks to the asset class in the search for yield.
2 min read · 21 January 2013
