The Chicago-based private equity real estate firm has acquired two student housing complexes for its $280 JV fund, Place/BV Student Housing Fund. The properties serve the University of Arkansas and the University of Nevada, Las Vegas.
1 min read · 22 January 2013
Fund managers will however see opportunities in REITs, discounted fund interests, non- and partially-performing loans and defaulting land and development deals, according to LaSalle Investment Management’s annual strategy report.
2 min read · 22 January 2013
The European industry property company says the general freeze in real estate transactions has prevented it from selling as much of its Italian portfolio as it had hoped. By year end, Spazio says it expects to have sold just €70m, half its original target.
2 min read · 22 January 2013
The French private equity firm will “partially” write down its $200m investment in US casino operator, Station Casino. Station is majority-owned by Colony Capital. Another Eurazeo-Colony investment, Accor, has also been hit by the economic downturn forcing the firm to inject an extra €200m into the hotel group.
2 min read · 22 January 2013
Morgan Stanley Real Estate focuses on commingled fund operation as it pulls out of the separate accounts business.
1 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
The real estate services firm has added a new managing director in its Poland office as it continues to target the country’s growing real estate market. CBRE advised on the sale of GE Real Estate's 3 Stawy shopping centre in Poland in October to German investment firm, Union Investment Real Estate.
1 min read · 22 January 2013
The Massachusetts-based toy company has filed for Chapter 11 protection amid steep declines in sales, a result of the overall slowdown of consumer spending. Prentice Capital Management bought KB out of bankruptcy in 2004 from Bain Capital.
1 min read · 22 January 2013
Similar to Partnerships UK, Partnerships USA would provide common deal documentation, advice, project monitoring and other support services to help the public sector implement PPPs in the US.
2 min read · 22 January 2013
The deal is the private equity real estate firm’s largest to date and includes 13 offices and one distribution centre across 10 US states. The firm says some institutional investors are looking for “less volatile” real estate opportunities.
2 min read · 22 January 2013
