US Treasury Secretary Timothy Geithner admits the strategy will ‘cost money, involve risk, and take time’, as he outlines plans to create a public-private investment fund to help banks get rid of their ‘legacy’ loans and assets, as well as expand the government’s lending scheme to include help for commercial mortgages.
2 min read · 21 January 2013
The hospitality-focused private equity real estate fund, which closed its HEI Hospitality Fund III last year on $515m, insists the sector will continue to reprice through 2009. Having dry powder will be key to securing the best investments.
1 min read · 21 January 2013
The real estate investment firm has hired Sharon Ann M Miller to lead the firm’s investor relations activities. It comes on the back of promoting David Streicher to partner and Jennifer Levy as CFO.
1 min read · 21 January 2013
The Madrid-based firm has bought the retail property on behalf of its IRUS European Retail Property fund, intending to add further space at the asset.
1 min read · 21 January 2013
London-based Geni Capital and Dubai's AREIT Management say the closed ended opportunity fund aims to launch with at least $100 million, with a cornerstone investor already having been lined up.
2 min read · 21 January 2013
After failing to secure more equity to keep it afloat or to be sold by its administrators, the UK fitness chain is to be taken over by its lender Société Générale.
1 min read · 21 January 2013
A deadline to sign contracts for the $1bn development of the largest undeveloped plot of land in Manhattan has been delayed for 12 months owing to the “economic downturn and collapse of traditional commercial lending”.
2 min read · 21 January 2013
The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.
2 min read · 21 January 2013
Why some real estate funds will be allowing LPs to downsize commitments.
2 min read · 21 January 2013
Sylvain Denis and Alan Hyslop are to leave Dubai International Capital, leaving the firm’s private equity business in the care of portfolio managers David Smoot and Eric Kump.
2 min read · 21 January 2013
