Barry Sternlicht, CEO of Starwood Capital, warns the US government's bailout programmes are not needed in today's markets as capital looks to the asset class in the search for yield.
2 min read · 21 January 2013
The Washington-based group sells a 430,000 square foot office complex to French bank Credit Agricole on behalf of its first European real estate fund, Carlyle Europe Real Estate Partners I.
1 min read · 21 January 2013
After hearing evidence from industry witnesses about “protectionist” elements of proposed EU regulations, the UK’s House of Lords has written to the Financial Services Secretary about the threat to the EU’s global competitiveness.
3 min read · 21 January 2013
The Oregon Investment Council has asked Wesley Edens, principal and co-chairman of Fortress Investment Group, to review the firm’s fee structures.
3 min read · 21 January 2013
If carried interest is taxed as ordinary income in the US, American GPs will face much higher tax rates than some of their European peers.
2 min read · 21 January 2013
The plan by ANREV to adopt the working guidelines and practices of its older European counterpart, INREV, is laudable and deserves support, but the real work is just beginning. ANREV’s first step: a tricky game of chicken and egg.
3 min read · 31 January 2013
The Los Angeles-based firm has acquired a portfolio of loans from cooperative bank Bankaktiengesellschaft. The loans have a face value of $90m, no financial details were disclosed.
1 min read · 21 January 2013
With losses of 30% in the third quarter alone, the Californian pension fund said it was terminating a number of managers which had failed to perform. CalPERS is though eyeing 2010 as an ‘excellent time’ to invest.
2 min read · 21 January 2013
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
2 min read · 21 January 2013
Riverstone has already paid $30m to settle its case in the ongoing New York Common pay-to-play investigation.
3 min read · 21 January 2013
