The Connecticut-based placement agent has hired former Cengage Learning chief operating officer Jerry Elliott to take over some of the responsibilities of founder and CEO Charles Eaton. The firm has also appointed four executives to its private equity and real estate operations.
2 min read · 22 January 2013
Abu Dhabi Investment Company has reportedly bought a 90 percent stake in Manhattan’s iconic Art Deco building from an arm of Prudential Real Estate Investors. The building is believed to have sold for close to $900m.
2 min read · 22 January 2013
The US property fund manager said the new business would assess corporate level acquisitions as well as debt and equity opportunities in a move towards higher risk, higher return strategies. Separately, LaSalle has plugged a gap in its European coverage by opening an office Milan led by former Redevco executive Francesco Coviello.
2 min read · 22 January 2013
Waterland Private Equity Investments is adding to its golf-related interests by acquiring a majority stake in GolfRange. The firm is looking to make the game more accessible and affordable by opening more courses in urban areas.
1 min read · 22 January 2013
The recent recruitment of Morgan Stanley’s David Smoot to expand its private equity operations in North America accelerates Dubai International Capital’s plans to open up shop in New York City.
2 min read · 22 January 2013
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
2 min read · 22 January 2013
The firm has joined with Chinese real estate firm Agile Property, investing $772m in their development on Hainan island.
1 min read · 22 January 2013
Following the firm’s purchase last month of two former Macklowe buildings in New York, San Francisco-based Shorenstein has acquired the Main Plaza office building in California from US REIT Maguire Properties.
1 min read · 22 January 2013
The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360bn will come from private sources.
2 min read · 22 January 2013
SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.
2 min read · 22 January 2013
