The Chicago-based media company failed owing to the $13bn of debt loaded onto its balance sheet when it was acquired by billionaire real estate investor Sam Zell last year. The company said in its bankruptcy filing it had just $7.6bn of assets. Zell invested $315m in the deal.
2 min read · 22 January 2013
Dolphin Capital Investors, the listed arm of private equity real estate firm Dophin Capital Partners, has bought back 10 percent of its shares as part of a strategic investment slowdown.
1 min read · 22 January 2013
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
2 min read · 22 January 2013
San Diego-based Pacifica Equity Partners looks to distressed residential deals and senior housing in US sunbelt states.
2 min read · 22 January 2013
Voting has begun for the 2008 Global PERE Awards. Which firm and deal will be the most notable of 2008 – and who will be industry figure of the year?
2 min read · 22 January 2013
A management group from Lehman Brothers beat out a $2.15bn bid from Bain Capital and Hellman & Friedman for the bank's investment management division, which includes infrastructure and some private equity businesses.
2 min read · 22 January 2013
The former private equity chief at Starr, Collin Lau, has reportedly joined China’s sovereign wealth fund to head its real estate investment funds. He is expected to join the fund by the end of the year or early 2009.
1 min read · 22 January 2013
Former REIT veterans Robert Solmson and Ed Ansbro have teamed up Georgica Advisors founder Richard Reiss to launch private equity real estate firm, Fairwood Capital. The first fund will target hospitality in US metropolitan areas.
1 min read · 22 January 2013
The private equity real estate firm is to develop a large shopping centre in a region south of Bratislava. The investment is being in part through Quinlan's €400m European Strategic Real Estate Fund. The centre will cover up to 90 hectares.
1 min read · 22 January 2013
The global buyout firm had objected to the $2.15bn bid submitted by Bain Capital and Hellman & Friedman and said the bankruptcy auction process was driving away alternative bidders.
1 min read · 22 January 2013
