Pending a review of its policies by Governor-elect Chris Christie, the state will not make any new commitments to its alternative investment programme.
3 min read · 21 January 2013
More than a third of industry professionals attending the annual PERE Forum: New York believe valuations will decline by another 10% or more. It comes as delegates are advised to underwrite deals with no rental growth assumptions for “years and years”.
2 min read · 21 January 2013
A highly leveraged deal in 2006 by Fortress Investment Group is still generating headlines three years later.
3 min read · 21 January 2013
LaSalle Investment Management appoints Uwe Rempis as head of asset management following two years of service.
1 min read · 21 January 2013
A recent court decision shows that the offshore investments of UK private equity firms could be subject to the country’s higher tax rate, unless they can provide better documentation that strategic board decisions were made outside the UK.
3 min read · 21 January 2013
The mortgage REIT created by Barry Sternlicht’s Starwood Capital group has acquired $110m portfolio of loans on seven properties and $10.9m in bonds secured against a NYC hotel. The firm has another $66m of deals under contract.
2 min read · 21 January 2013
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was the first deal to be sold under TALF, following an 18-month dry spell for the CMBS industry.
2 min read · 21 January 2013
The US private equity real estate firm, led by Barry Sternlicht, has acquired an office property in the City of London. The firm says it has been patient but is starting to see value in the area for the first time in many years.
1 min read · 21 January 2013
Originally targeting $1bn, the founders of Alterna Capital Partners decided to close the fund and begin investing because they saw ‘the best environment we’ve seen in our entire career’ for investing in long-lived assets such as rail, ships and power plants.
2 min read · 21 January 2013
The National Pension Service of Korea has agreed to buy HSBC’s headquarter building in London’s Canary Wharf in what will be one of the biggest single asset transactions of 2009.
2 min read · 21 January 2013
