Tom Barrack pays tribute to Michael Jackson, a ‘gentle, talented and compassionate man’. Last year, Colony Capital saved Jackson’s Neverland ranch from the brink of foreclosure by acquiring $25m in debt from Fortress.
2 min read · 21 January 2013
The UK listed fund manager says the outlook for commercial property in the UK remains ‘extremely challenging’ as it reports a 13 percent fall in the value of its assets under management for the six months to 31 May 2009.
2 min read · 21 January 2013
In DTZ’s first Money into Property report for Asia, the firm notes a rise in transaction volumes across the continent but warns the market cannot assume the bottom of the market has been reached.
2 min read · 21 January 2013
The $113bn pension committed to GI Partners, FS Equity, Hellman & Friedman and Charterhouse Capital Partners in the first quarter of 2009.
1 min read · 21 January 2013
Europa Capital boosts its team by hiring Tim Neslen, formerly of Goldman Sachs’ Real Estate Principal Investment Area (REPIA). Meanwhile the firm has bought a £70m UK shopping centre through its Europe Fund III, which closed on €600m in June 2008.
2 min read · 21 January 2013
The private equity and real estate firm is establishing an office in London to target investments on the AIM market.
1 min read · 21 January 2013
The bank, which inherited the placement agent business following its merger with Merrill Lynch, will use a smaller team to manage its current clients, but will not take on any new clients.
2 min read · 21 January 2013
Deutsche Bank is still in talks with RCG Longview and George Comfort & Sons over the sale of the former Harry Macklowe office. Sources say the deal collapsed after being rejected by the bank’s board in Germany.
2 min read · 21 January 2013
Hundreds of billions of dollars are sat on the sidelines waiting to invest in distressed corporate debt and real estate, according to funds lawyer Sandy Presant – but few investors will ‘jump’ now when opportunities could be better in six to 12 months time, a conference heard today.
2 min read · 21 January 2013
The Toronto-based fund manager is expected to launch its third residential vehicle this summer, targeting multifamily investments in key Canadian cities.
1 min read · 21 January 2013
