To be unveiled 4 May, PERE’s updated ranking of the 30 largest private equity real estate firms in the world finds that together the firms control an enormous amount of equity through value-added and opportunistic funds. Beacon Capital and LaSalle Investment Management are among nine firms to rise in the rankings.
1 min read · 21 January 2013
Sam Zell has said he'd been too optimistic about the Chicago-based media company, which in December collapsed under a $13bn debt load. Zell stressed the need to find a new business model for newspapers, likening a potential Tribune merger to asking another company if it wants to 'get vaccinated with a live virus'.
3 min read · 21 January 2013
In a survey conducted by property services firm DTZ, nearly half of occupiers said they were seeking more office space but landlords should expect to be asked for more favourable lease terms.
1 min read · 21 January 2013
Banco Santander, is reportedly selling all the assets out of its Banif Inmobiliario fund. The Spanish bank had to ask permission recently to halt redemptions for two years at the flagship fund.
1 min read · 21 January 2013
Andrew Cuomo, the attorney general of New York, has accused a former political leader of collecting $800,000 in sham finder’s fees for directing pension investments to two private equity firms.
3 min read · 21 January 2013
A professor at Chinese government think tank, the Chinese Academy of Social Sciences, says urban residential property values are likely to fall by as much as 50 percent over the next two years.
1 min read · 21 January 2013
Shareholders will vote today on the Dubai-based bank's fate; last month, they unanimously opted to keep the company a going concern.
1 min read · 21 January 2013
Investment in commercial real estate in London fell by three-quarters in the first three months of 2008, compared to the same period in 2008. Just £679m of property changed hands in central London in the first quarter of 2009 against £2.8bn in Q1 2008 and £3.9bn Q1 2007.
2 min read · 21 January 2013
Wextrust Capital, the investment firm charged by the SEC with running a Ponzi scheme that defrauded 1,200 investors, has seen its 33-property portfolio put up for sale, including a 13-building office complex leased to the State of Tennesee.
1 min read · 21 January 2013
The San Francisco-based placement agent, advisor and secondaries broker has hired ex-AIG Investments executive Edwin Chan to lead its first Asian office.
1 min read · 21 January 2013
