Commingled private equity real estate funds will remain a force within the property investment world, amid suggestions institutional investors’ call for more direct investments could be short-lived.
1 min read · 24 January 2013
The real estate investment firm has teamed up with Pacific Property Company to buy 248 multifamily units from US REIT, BRE Properties.
1 min read · 24 January 2013
The acquisition of 600 Lexington Avenue by the US REIT has been closely watched by real estate investors amid speculation a price bubbling is gripping the city. The deal, for which SL Green is looking for a JV partner, values the property at $636-a-square-foot.
2 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
Steven Bass, managing director of CBRE Investors’ strategic partners team in Tokyo has joined the real estate group of Asia investment firm, Ajia Partners, as a managing director.
1 min read · 24 January 2013
The one-time world’s largest private equity real estate investment fund, Morgan Stanley Real Estate Fund VI International, is on course to lose almost two-thirds of its equity.
2 min read · 24 January 2013
It has emerged that managing directors Anders Âström and Tomas Otterud have departed the company having joined less than a year earlier
1 min read · 24 January 2013
Chicago-based real estate investment firm LaSalle has announced internal promotions in Canada, Europe and Asia
1 min read · 24 January 2013
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
2 min read · 24 January 2013
The Equity Group Investments chairman warned large opportunity funds, such as MSREF and Whitehall, were too big and took too many risks, on the opening day of the spring ULI conference in Boston.
2 min read · 24 January 2013
