LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.
2 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
As large amounts of equity sits on the sidelines waiting to be invested, Encore Equities warns a recovery could take place much faster than people expect.
3 min read · 21 January 2013
The Sydney-based developer and fund manager is reportedly expected to announce this week the launch of Lend Lease Real Estate Partners No 3 Fund.
1 min read · 21 January 2013
Asia’s association for unlisted real estate vehicles will adopt the “ready-made” framework used by INREV, which will help the sector be more transparent and become better governed, according to Nick Loup, chairman of ANREV and chief executive officer of Grosvenor.
2 min read · 21 January 2013
Private equity and real estate investor Patron Capital Partners has delisted Powerleague, a UK-based five-a-side football operator, from London’s AiM.
1 min read · 21 January 2013
If carried interest is taxed as ordinary income in the US, as is proposed by a new bill in Congress, GPs will have to make Medicare contributions of 2.9 percent out of their carry.
2 min read · 21 January 2013
Despite a temporary rise in payoff levels in the third quarter, the percentage of US CMBS loans not being repaid in full on their balloon date fell to 18.7% in November.
1 min read · 21 January 2013
A survey by the European industry body, INREV, revealed funds of funds managers invested just €75m in the first nine months of 2009 – down from €2.2bn in 2007. Secondaries, though, will be more important in 2010.
2 min read · 21 January 2013
Hudson Advisors Europe, the European arm of the mortgage special servicing platform previously described as the “factory” of Dallas-based Lone Star, has added to its offices in Munich and Frankfurt with an office in London.
1 min read · 21 January 2013
