The US arm of ING Real Estate has closed its Clarion Development Ventures III fund, which will target all property sectors in the US, including distressed land sales.
1 min read · 22 January 2013
The founders of Blackstone and Equity International lead the Forbes 400 list of the richest investors in private equity real estate in the US with an estimated wealth of $6.4bn and $5bn respectively.
2 min read · 22 January 2013
Founder Wesley Edens claims the move is necessary to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses. The dividend cut may be linked to a dip in Fortress' fundraising pace.
2 min read · 22 January 2013
Shareholders in light industrial property investor Spazio Investment, which include prominent hedge fund GLG Partners, are forcing a shake-up of the company leading not only to accelerated asset disposals and a halt to new acquisitions, but the alteration to incentive fees for external asset manager, Italy’s Pirelli Real Esate.
2 min read · 22 January 2013
The Oregon Investment Council has committed $100m to Riverstone/Carlyle Renewable & Alternative Energy Fund II and $200m to Alinda’s latest infrastructure vehicle.
2 min read · 22 January 2013
The US conglomerate said it was looking to cut its commercial real estate assets to $80bn from $90bn over the next year as part of the firm’s plans to scale back on its financial arm, GE Capital.
2 min read · 22 January 2013
The global mid-market buyout group has upped its investments in buyout and infrastructure deals, despite a roughly 40 percent fall in the total value of its investments over the past five months. The firm’s realisations also slowed significantly.
2 min read · 22 January 2013
The Houston-based real estate investment firm is paying a record $235m – $4,900 per square foot – for the San Francisco site of the firm’s planned Transbay Tower project. The development is expected to be the tallest building on the US West Coast.
2 min read · 22 January 2013
American Capital’s publicly traded European affiliate has invested in the warehouse and logistics firm, just four months after Arcapita bought Central and East European logistics company, Pinnacle Real Estate.
1 min read · 22 January 2013
JC Flowers' founder may use the First National Bank of Cainesville as a platform acquisition for other distressed and failed deposit-taking institutions, according to a regulatory filing.
2 min read · 22 January 2013
