The Los Angeles-based firm has raised $454m for Fund III and will target affordable homebuilding and distressed opportunities in Brazil, Peru, Mexico and Chile.
1 min read · 21 January 2013
LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.
2 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
As large amounts of equity sits on the sidelines waiting to be invested, Encore Equities warns a recovery could take place much faster than people expect.
3 min read · 21 January 2013
Private equity and real estate investor Patron Capital Partners has delisted Powerleague, a UK-based five-a-side football operator, from London’s AiM.
1 min read · 21 January 2013
Despite a temporary rise in payoff levels in the third quarter, the percentage of US CMBS loans not being repaid in full on their balloon date fell to 18.7% in November.
1 min read · 21 January 2013
Hudson Advisors Europe, the European arm of the mortgage special servicing platform previously described as the “factory” of Dallas-based Lone Star, has added to its offices in Munich and Frankfurt with an office in London.
1 min read · 21 January 2013
The continued growth of China and India means Asia is set to provide the greatest range of investment opportunities in 2010, according to a recent report by the Chicago-based property manager which also said the best opportunities in the UK have passed.
2 min read · 21 January 2013
Which firms stood out from the real estate crowd in the past year? Which deals epitomised 2009? Who should be crowned industry figure of the year? Have your say in the PERE Awards 2009.
2 min read · 21 January 2013
The Dallas-based private equity firm has reportedly raised $1.2bn for its two new funds, including $500m for Lone Star Fund VII and $725m for Lone Star Real Estate Fund II.
1 min read · 21 January 2013
