The San Diego-based firm has appointed special servicer Gina Lambis as its targets performing and non-performing real estate loans.
1 min read · 21 January 2013
Shareholders of the troubled German lender today approved a government plan to nationalise the bank by means of a capital increase. JC Flowers said it will try to safeguard its investments including possibly taking ‘legal steps’.
2 min read · 21 January 2013
Brian Newman and Michael Wilson have formed Ceres Real Estate Partners together with iStar veteran Jeffrey Digel to target distressed debt and equity investments in the US. The firm is expected to target debt, hospitality and senior housing among other opportunities.
1 min read · 21 January 2013
Residential property prices crashed 50 percent in the first quarter of the year – the worst fall anywhere in the world, according to a Global Property Guide survey. The downturn mirrors Latvia's economic woes.
1 min read · 21 January 2013
The New York-based private equity real estate firm, led by former Warburg Pincus executive Reuben Leibowitz, has joined forces with Carl Mulac to create Joseph Carl Homes targeting distressed infill land deals in Phoenix.
2 min read · 21 January 2013
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
1 min read · 21 January 2013
Arbuthnot Banking Group has poached UBS managing director Richard Tanner to spearhead its entry in the real estate fund management sector.
1 min read · 21 January 2013
Anthony Miller, known for steering Carlyle's charge into Asia, will lead Pacific Alliance Japan in investing in Japan’s real estate, distressed debt and private placement markets.
2 min read · 21 January 2013
A scandal in New York is causing big trouble for placement agents everywhere. PERE June 2009
3 min read · 21 January 2013
The Donald gives the best definition yet of fair value. PERE June 2009
1 min read · 21 January 2013
