The New York-based private equity real estate firm has reportedly written down its $1.45bn investment in the hotel chain to just $742m as of the end of 2008. It has also written down investments in casino company Harrah's Entertainment and semi-conductor unit Freescale.
2 min read · 21 January 2013
Even though investments into Asian, non-listed real estate funds have dipped markedly in the short-term, allocations to the sector will increase over the next three to five years.
2 min read · 21 January 2013
The flow of private real estate firms launching public debt REITs has increased again, after the New York-based firm filed an IPO for Ladder Capital Realty Finance. The vehicle will primarily originate first mortgages and target some CMBS, B-notes and mezzanine loans.
2 min read · 21 January 2013
Future private equity real estate fund sizes could be 50% off their peaks of 2007. For GPs in market, that could mean some stark choices. By Zoe Hughes
2 min read · 21 January 2013
The Beverly Hills firm has invested out of its $40m Northwest Louisiana Community Development Fund I for the first time.
1 min read · 21 January 2013
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
2 min read · 21 January 2013
CrossHarbor Capital and a consortium of investors, including club members and development firm Discovery Land Company, have finalised a deal for the members-only ski resort in Montana. The firm paid a reported $115m for the 14,000-acre private resort.
1 min read · 21 January 2013
The property company which Och Ziff is backing says it is in exclusive talks to buy a portfolio from receivers to a collapsed firm called Industrious.
1 min read · 21 January 2013
Activist investor Laxey Partners has assumed control of Italian light industrial property company Spazio Investment having taken its shareholding to 66.3%. Italy's Pirelli Real Estate, the external manager, is opposed to the takeover.
1 min read · 21 January 2013
Prudential Real Estate Investors chief Allen Smith said the firm would look to sell in ‘excess of $1bn’ of US properties this year to boost liquidity in its funds. The CEO added that there were ‘encouraging signs’ in the transactions market with some properties attracting high prices and some a high volume of bids.
2 min read · 21 January 2013
