After much publicity over its debt-load, the Colony Capital-backed casino operator has filed for bankruptcy protection to help it restructure its debt load. The filing relates only to the parent company and not the casino properties. Colony said the decision was not 'taken lightly'.
3 min read · 21 January 2013
Garett Stoffels, former managing director of Bear Stearns’ real estate and lodging group, has joined the placement agent in its New York office as co-head of direct private placement. The head of Deutsche Bank’s private equity placement Steven Tuch also joins the firm in Connecticut as co-head.
1 min read · 21 January 2013
A London-based private property investment firm has acquired coffee chain, Coffee Republic, out of administration, vowing to expand the number of outlets in the UK and elsewhere.
1 min read · 21 January 2013
The Boston-based real estate investment firm has sold a 221,000-square-foot industrial property in Southern California to manufacturer Myers Power Products for $14.6m.
1 min read · 21 January 2013
The firm has thrown out the classic 2-and-20, charging LPs 15% carry and up to 1.5% for management fees
2 min read · 21 January 2013
The PIPE will give the buyout firm 11.5 million of the bank’s common shares at $10 per share, a 4% premium over Friday’s closing price.
2 min read · 21 January 2013
The Washington DC-based private equity firm has acquired controlling stakes in property developer Shoresal and infrastructure construction group Almes for a total cost of $26.2m. The investments were made through ECP's MENA Growth Fund and its Moroccan Infrastructure Fund.
1 min read · 21 January 2013
A high-profile, long-term leasing proposal has met a challenge from two major private investment groups, whose proposals will now be considered alongside the bid submitted by CalPERS-backed real estate firm CenterPoint in March. At stake is what could become the first long-term lease of an entire US port.
2 min read · 21 January 2013
Real estate funds raised $29.7 billion in 2008, almost twice the capital raised in 2007.
3 min read · 21 January 2013
We are expanding our news offering, giving you better intelligence to succeed in a more complex market for global real estate investment and finance
2 min read · 21 January 2013
