Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has reportedly pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone says its internal investigation revealed no misconduct at Park Hill.
2 min read · 21 January 2013
New York-based Och-Ziff Capital Management Group is backing Max Property Group, a closed-ended company to be managed by London property firm Prestbury.
1 min read · 21 January 2013
The former Principal Real Estate Investors managing director has joined Rockwood Capital as managing director in an effort to help the San Francisco-based firm deploy its $964m eighth fund.
1 min read · 21 January 2013
Paris-based AEW Europe has completed a €119.5 million purchase of seven German and Dutch logistics assets from ProLogis European Property and a €16 million purchase of warehouse in France from Goodman.
1 min read · 21 January 2013
MENA private equity group Abraaj Capital is reported to have entered talks with government owned Dubai World to buy a 15 percent stake in its ports operator DP World. The proceeds of a sale could go towards helping Dubai World’s real estate arm, Nakheel, pay down debts.
2 min read · 21 January 2013
The Los Angeles-based real estate investment firm has hired Richard Bosworth, who has a background managing non-performing hotel and casino loans, to oversee its hospitality investments.
1 min read · 21 January 2013
The embattled insurance group, AIG, has sold its central Tokyo headquarters for $1.2bn. The firm said the sale attracted ‘substantial interest’ from Japanese and overseas investors. The sale is part of the group's restructuring plans after the US government provided $180bn in support.
1 min read · 21 January 2013
Robin Hubbard is joining the London office of Los Angeles-based property services firm CB Richard Ellis to help tap clients interested in equity commitments to limited partnerships, joint ventures, or club deals.
1 min read · 21 January 2013
The Middle East developer famous for building Dubai’s landmark palm tree island, Palm Jumeirah, has reportedly received financial assistance from the state’s $10-billion bailout programme. It comes as a government agency cancels four developers’ projects in the country.
2 min read · 21 January 2013
Leo van den Thillart, a former global co-head of private funds group at Bear Stearns, has joined Canadian firm Brookfield Asset Management to help with international equity raising and client services.
1 min read · 21 January 2013
