The US bank is reportedly selling the Shama Xujiahui serviced apartment block, an asset Morgan Stanley bought in early 2007.
1 min read · 21 January 2013
Just $16.2bn has been raised for real estate opportunity funds worldwide in H1 2009, according to Probitas Partners. Much of the negative investor sentiment falls at the door of “legacy real estate funds”, says partner Kelly DePonte.
2 min read · 21 January 2013
The firm, backed by KKR, Five Mile and Goldman Sachs, has already agreed to sell its US mortgage business to Berkshire Hathaway and Leucadia National.
3 min read · 21 January 2013
With transaction volumes down 80% over the past year alone, Jones Lang LaSalle warns that US investor appetite would only start to return in mid-2010, and could take a generation to recover to the levels seen in 2007. However, foreign investors are starting to ramp up their strategies.
2 min read · 21 January 2013
The joint venture between Italy’s Pirelli Real Estate and New York-based Morgan Stanley Real Estate Investing has sold the Mercado shopping centre in Hamburg for €164 million to Union Investment, the German open-ended real estate fund manager.
1 min read · 21 January 2013
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.
2 min read · 21 January 2013
The private equity firms have launched Italy’s largest LBO this year for Milan-listed ‘architectural envelope’ maker Permasteelisa.
1 min read · 21 January 2013
Florida's state pension board has totally written off its $250m investment in Tishman Speyer's Stuyvesant Town/Peter Cooper Village deal, joining California's massive teachers' pension, which wrote its $100m investment in the deal to zero.
2 min read · 21 January 2013
The Singaporean sovereign fund continues its management overhaul, appointing Lim Chow Kiat and Anthony Lim Weng Kin as respective regional heads.
3 min read · 21 January 2013
The private equity firms plan to back stop a $75m rights offering and exchange $98m of debt for equity in Builders FirstSource, the US' second largest supplier of building products.
2 min read · 21 January 2013
