A report called Money into Property by advisor DTZ pinpoints offices in London’s financial district as the most favourable to real estate investors.
2 min read · 21 January 2013
Barry Sternlicht has launched Starwood Property Trust to target commercial and residential real estate debt opportunities, using financing from the US government’s bailout packages, TALF and PPIP. The next five years will be ‘one of the most attractive investment periods in the past 50 years’.
2 min read · 21 January 2013
The German government has rejected a request from Arcandor for €650 million of assistance from the national rescue fund, which would have helped keep the owner of store group Karstadt afloat. RREEF teamed up with Italy’s Pirelli Real Estate, Generali and the Borletti Group last year to buy a 49 percent stake in Arcandor’s Karstadt real estate portfolio of 164 stores. Goldman Sachs owns the other 51 percent.
2 min read · 21 January 2013
The former Morgan Stanley and AMB executive has joined Colony Capital to help the Los Angeles-based firm develop new funds. Colony is targeting $5.25bn for its two latest vehicles.
2 min read · 21 January 2013
As some LPs question the traditional blind-pool structure, at least two real estate funds in the market are offering investors the ability to say ‘no’ to certain deals.
2 min read · 31 January 2013
Construction loans for all property sectors contracted 5% in the first quarter, with commercial lending shrinking 1%. Defaults on construction loans for US residential and commercial developments have now hit highs not seen since 1992.
1 min read · 21 January 2013
As LPs weigh their options, two real estate funds are offering investors the ability to say ‘no’ to certain deals. By Jonathan Brasse
2 min read · 21 January 2013
As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, warned agents play a vital role in helping his small staff identify private equity and real estate opportunities.
3 min read · 21 January 2013
The former head of JP Morgan's sub-Saharan business is joining AREA Property Partners as a senior director in Europe.
1 min read · 21 January 2013
The US developer says it has pre-let a building under construction which is being developed on behalf of Hines’ European Value Added Fund I.
1 min read · 21 January 2013
