More than 250 expressions of interest from parties including private equity real estate firms have been received by the collapsed bank’s liquidators for its assts in Asia.
1 min read · 21 January 2013
The Municipal and Infrastructure Assurance Corporation, capitalised by Macquarie at $75m as of September 2008, will be able to obtain its licenses to provide bond insurance in all US states and territories more quickly as part of a pilot licensing program.
2 min read · 21 January 2013
The debt-laden REIT says it is examining its future, including potential bankruptcy protection, as it struggles to refinance billions of debt in a stalled refinancing market. The REIT is reportedly in default on loans secured by two malls in Las Vegas, including the Fashion Show Mall.
2 min read · 21 January 2013
The real estate investment trust arm of JE Robert Companies has undertaken a 1-for 10 reverse stock split after its average share price dipped below $1 in violation of the New York Stock Exchange’s listing requirements.
1 min read · 21 January 2013
A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital. The firm will have $750m in capital and 45 portfolio companies and retain all the third-party limited partners from Lehman’s venture funds. A decision on Lehman's real estate operations is expected in the next month.
2 min read · 21 January 2013
The S&P/Case-Shiller Home Prices Indices was down 18.2% in 2008. Phoenix, Las Vegas and San Francisco were among the worst areas affected.
1 min read · 21 January 2013
The German real estate company which operates an opportunity fund said the value of its real estate fell by 8. 5 percent in the year to 31 December.
1 min read · 21 January 2013
The London-based activist investor Laxey Partners is trying to oust three directors and install an independent chairman in a bid to force changes at Hirco, which develops real estate in the country.
1 min read · 21 January 2013
Réal Desrochers has ended his 11-year reign as the director of alternative investments at the US' second largest public pension, leaving veteran portfolio managers Margot Wirth and Seth Hall as interim co-directors. Desrochers did not disclose future professional plans in a farewell email sent to friends and colleagues.
4 min read · 21 January 2013
The first auction of the year by Allsops in the UK saw 91 percent of the residential properties sold. Auctioneers at the firm say conditions are more like boom time than recession.
2 min read · 21 January 2013
