The Blackstone Group, Centerbridge Capital Partners, Lone Star Funds, TPG Capital, Lubert-Adler Partners, Cerberus Capital Management and Colony Capital are among the bidders to have met the 9 August first bids deadline.
2 min read · 18 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
The takeover of property services firm DTZ, which has a property investment management arm, is said to be in doubt as both chief executive Paul Idzik and chief operating officer Robert Rickert resign. Meanwhile, the takeover of ING REIM by CBRE is said to be ‘on track’.
2 min read · 18 January 2013
Australia’s Future Fund reported an increase in its real estate, private equity and infrastructure holdings in the three months to 30 June. Its overall return for the quarter however slid 3.3 percent to 0.6 percent, excluding its holding in Telstra, the Australian telecommunications company.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
Listed private equity firms were walloped in last week’s brutal hammering of public markets across the globe, with some analysts wary about the volatility of the sector.
2 min read · 18 January 2013
The Washington, DC-based trade association for real estate investment managers has select Gunnar Branson to succeed Stephen Renna as its chief.
2 min read · 18 January 2013
As world markets tumble, one firm in Saudi Arabia believes now is the right time to break ground on the world’s first 1km tower.
3 min read · 18 January 2013
A consortium led by the New York-based fund manager bought a 25% stake in a $139m portfolio of predominantly nonperforming loans for 43 cents on the dollar. Another consortium of investors, including Oaktree, acquired a separate FDIC portfolio of 116 Colorado loans for 65 on the dollar.
2 min read · 18 January 2013
The San Francisco-based investment company, through a joint venture with Worthe Real Estate, has acquired a 20-acre development site in Southern California on behalf of its ninth real estate fund. Separately, Shorenstein has added a new member to its transactions team.
2 min read · 18 January 2013
