Sandra Burgess, the general counsel of the Georgia Department of Transportation, will head the department’s PPP division. Her appointment comes in the wake of the retirement of former PPP director Earl Mahfuz, who is now serving as the deputy director of PPPs at engineering consulting firm Wilbur Smith.
2 min read · 24 January 2013
Investors convinced by digitisation and the increasing importance of data to business and social networking
2 min read · 24 January 2013
BMB Group, founded by Rayo Withenage and Brunei’s Prince Abdul Ali 'Yil-Kabier, has invested an undisclosed sum in Contrarian Capital Partners and its subsidiary Beacon Hospitality Partners SARL. In separate news, former CEO of Irvine Company Michael McKee has joined advisory firm Kennedy Associates as chief executive.
2 min read · 24 January 2013
The German group will list its Australian construction unit – now known as Valemus – in July in a bid to raise up to A$1.4bn.
2 min read · 24 January 2013
New York-based alternative investment firm, Fortress Investment Group, meets its capital raising target for its first Asia real estate fund, the yen-denominated Fortress Japan Opportunity Fund.
1 min read · 24 January 2013
The US global buyout firm has announced a €900m joint venture with Dublin’s Green Property to acquire assets particularly in partnership with government agencies and financial institutions
2 min read · 24 January 2013
The senior management of HSBC’s infrastructure and real estate arm is in talks with the parent bank regarding a management buyout. The deal would leave HSBC with a 20% stake in its specialist unit and would pre-empt expected regulatory changes that could impact banks’ ownership of private equity vehicles.
2 min read · 24 January 2013
Emirates Business has reported that Rasmala Investment Bank, the Dubai-based investment bank, has thrown its hat into an increasingly expanding ring of investment firms aiming to capitalise on the country’s lack of quality real estate.
2 min read · 24 January 2013
The Greenwich, Connecticut-based firm said it will “aggressively” target US hospitality after acquiring a minority stake in private hotel investment firm Hersha Hospitality Management.
2 min read · 24 January 2013
Racebrook Capital, which is still raising its first discretionary real estate fund, is eyeing the massive amount of CMBS product that is due or coming due, following reports of record delinquencies.
2 min read · 24 January 2013
