The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
2 min read · 21 January 2013
After much publicity over its debt-load, the Colony Capital-backed casino operator has filed for bankruptcy protection to help it restructure its debt load. The filing relates only to the parent company and not the casino properties. Colony said the decision was not 'taken lightly'.
3 min read · 21 January 2013
More than $93bn worth of properties in the US are in default, foreclosure or bankruptcy. Research by Real Capital Analytics warns the equity in $1.3tn of property bought or refinanced between 2006 and 2008 is at risk – if it hasn't already been wiped out.
1 min read · 21 January 2013
Garett Stoffels, former managing director of Bear Stearns’ real estate and lodging group, has joined the placement agent in its New York office as co-head of direct private placement. The head of Deutsche Bank’s private equity placement Steven Tuch also joins the firm in Connecticut as co-head.
1 min read · 21 January 2013
A London-based private property investment firm has acquired coffee chain, Coffee Republic, out of administration, vowing to expand the number of outlets in the UK and elsewhere.
1 min read · 21 January 2013
The German insurance group is set to merge its fund of funds, infrastructure and renewable energy businesses into its Allianz Capital Partners unit.
2 min read · 21 January 2013
The co-founder of Dune Real Estate, Daniel Neidich, takes the helm as chairman of the Real Estate Roundtable. The lobby group is currently pressing for changes governing REMICs and foreign investment in US real estate to help ease the liquidity crisis gripping the industry.
2 min read · 21 January 2013
The latest research by Jones Lang LaSalle concludes that demand is expected to remain weak against a backdrop of 4m sq. m of office space due for completion this year. It comes as ING’s CIO Ian Whittock calls the bottom for UK property prices.
2 min read · 21 January 2013
The Blackstone affiliate, Bayview Asset Management, has launched a $500m IPO for a debt vehicle targeting US real estate loans and securities. The Coral Gables, Florida firm will continue to target the “scratch and dent” market.
2 min read · 21 January 2013
The British insurer is in the process of setting up a fund to acquire homes for rent. In May, the Homes and Communities Agency called for pension funds and other financial institutions to invest large-scale in the residential sector.
1 min read · 21 January 2013
