Angus Dodd, a former managing director at JER Partners in Europe, has joined US firm Lone Star to search out UK investments.
1 min read · 21 January 2013
At a time when constructing lending is difficult to obtain, a $280m joint venture fund between Blue Vista Capital Management and development firm Place Properties has secured a $155m construction loan from multiple lenders. US capital market analysts add the time taken to get financing is getting longer and now takes up to five months.
2 min read · 21 January 2013
Dolphin Capital Investors has taken its stake in Cyprus residential developer Aristo Developers from 85 percent to 100 percent following a decision by the founder of the firm to sell his stake. It will cost Dolphin €50m in cash and the rest of the €92.7 million payment in Dolphin shares.
1 min read · 21 January 2013
The $1.9bn listed joint venture between Macquarie and Developers Diversfied Realty is selling roughly two-thirds of its shopping centre assets as the company struggles amid a declining retail market.
1 min read · 21 January 2013
Martin Seol is appointed head of real estate for Merrill Lynch in Asia Pacific on a full time basis. He assumes control of the platform from Tim Grady, who resigned from the firm at the beginning of the month.
1 min read · 21 January 2013
David Schaefer, managing director and head of the Asia Pacific region for New York-based Citi Property Investors, left the firm at the beginning of the month. He was based at the firm's Hong Kong office. Schaefer's departure is the second high-profile loss in Asia after Tim Grady left Merrill Lynch earlier this month.
1 min read · 21 January 2013
Italy’s Pirelli group issued a flat denial today that it is contemplating the break up and sale of its real estate funds under management contrary to various press reports.
1 min read · 21 January 2013
The Los Angeles-based private equity real estate firm has stopped negotiations for a possible investment in MGM’s struggling casino development, City Center. Also, Colony chairman Tom Barrack says the real estate market is in the 'tank' and predicts the best opportunities will be in the banking sector.
2 min read · 21 January 2013
The Chicago-based private equity real estate firm has appointed Mark Burkemper to its acquisition team. Burkemper was previously with Morgan Stanley’s merchant banking real estate group.
1 min read · 21 January 2013
The bank may sell offices in New York, Paris and London, and possibly lease them back, after receiving interest from investors. This would be the second time in two years the bank has sold its landmark London HQ. In December, it bought back the property from Metrovacesa at a 25% discount after selling it to the Spanish group in 2007 for a record £1.1bn.
1 min read · 21 January 2013
