Douglas Smith, managing director and head of commercial real estate at Deutsche Bank’s Japan business, is to leave the bank this month to pursue other opportunities.
1 min read · 24 January 2013
For the second time in less than a year, ING Real Estate Investment Management has been selected as replacement GP of an Asia fund.
1 min read · 24 January 2013
In a sign that debt markets are easing, the Los Angeles-based real estate investment firm has secured a $44m first mortgage on a $71m office from debt-investor Mesa West. However, in a break from the norm, the five-year floating rate loan can be paid off after just two years.
2 min read · 24 January 2013
The Health Care and Education Affordability Reconciliation Act of 2010, which President Obama signed into law 30 March, includes Medicare tax provisions that will negatively impact fund managers and investors.
2 min read · 24 January 2013
The real estate arm of Qatar’s sovereign wealth fund has bought 5% of French utility company Veolia Environnement. The acquisition is the fund’s second foray into the French infrastructure market after it acquired 5.78% of VINCI.
1 min read · 24 January 2013
Bankrupt REIT General Growth Properties is reportedly expecting Brookfield Asset Management to come up with a better recapitalisation plan for the US mall owner, after Simon Property Group introduced a rival offer with more ‘favourable’ terms.
2 min read · 24 January 2013
The flight chaos that has followed the eruption of Eyjafjallajokull glacier in southern Iceland has caused INREV to scrap its event later this week in Venice, Italy.
2 min read · 24 January 2013
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on existing and new investments Apollo manages solely on behalf of the California pension.
2 min read · 24 January 2013
It has been repeatedly said that commercial real estate will be the next shoe to drop in the US. But thanks to a lack of transactions and a wall of uninvested equity, speculation is mounting that it has already happened. By Zoe Hughes
3 min read · 24 January 2013
Editor of PERENews, Jonathan Brasse, and PEI Media sales and marketing chief, Paul McLean, will be running the London Marathon this year on behalf of Downsed, a charity which provides educational support to young people affected by Downs Syndrome.
1 min read · 24 January 2013
