Angus Dodd, a former managing director at JER Partners in Europe, has joined US firm Lone Star to search out UK investments.
1 min read · 21 January 2013
At a time when constructing lending is difficult to obtain, a $280m joint venture fund between Blue Vista Capital Management and development firm Place Properties has secured a $155m construction loan from multiple lenders. US capital market analysts add the time taken to get financing is getting longer and now takes up to five months.
2 min read · 21 January 2013
The $1.9bn listed joint venture between Macquarie and Developers Diversfied Realty is selling roughly two-thirds of its shopping centre assets as the company struggles amid a declining retail market.
1 min read · 21 January 2013
Martin Seol is appointed head of real estate for Merrill Lynch in Asia Pacific on a full time basis. He assumes control of the platform from Tim Grady, who resigned from the firm at the beginning of the month.
1 min read · 21 January 2013
The Los Angeles-based private equity real estate firm has stopped negotiations for a possible investment in MGM’s struggling casino development, City Center. Also, Colony chairman Tom Barrack says the real estate market is in the 'tank' and predicts the best opportunities will be in the banking sector.
2 min read · 21 January 2013
The Chicago-based private equity real estate firm has appointed Mark Burkemper to its acquisition team. Burkemper was previously with Morgan Stanley’s merchant banking real estate group.
1 min read · 21 January 2013
The bank may sell offices in New York, Paris and London, and possibly lease them back, after receiving interest from investors. This would be the second time in two years the bank has sold its landmark London HQ. In December, it bought back the property from Metrovacesa at a 25% discount after selling it to the Spanish group in 2007 for a record £1.1bn.
1 min read · 21 January 2013
The real estate mezzanine investor has closed its High Yield Partners II Fund on $243m. The vehicle will originate mezzanine loans and invest in preferred equity positions.
1 min read · 21 January 2013
The New York-based private equity real estate firm has raised €3.1bn to date for its third European vehicle, according to regulatory filings.
1 min read · 21 January 2013
The Pennsylvania-based fund of funds has raised more than $75m for the fund, Penn Square Global Real Estate Fund II, according to regulatory filings this week. The firm’s first fund closed last year on $231m.
1 min read · 21 January 2013
