The American Society of Civil Engineers also assigned a cumulative grade of D to the nation’s infrastructure. It is the fourth time the US earned that grade in the study, while the estimated spending needed to improve the state of the infrastructure continued to climb from $1.6tn in 2005.
3 min read · 21 January 2013
The real estate arm of Prudential has hired the Paramount team, including founders Andrew Radkiewicz and Andrew Macland, as PREI builds its mezzanine activities in Europe.
1 min read · 21 January 2013
Real estate executives predict more pain for the next 12 months, with fewer people believing the debt markets will improve significantly over the coming year.
2 min read · 21 January 2013
The online news service of PERE magazine celebrated the registration of its 10,000th user today – a US-based real estate acquisitions professional – by awarding a free pass to the upcoming PERE Forum in Hong Kong.
1 min read · 21 January 2013
3i veteran Michael Queen will now steer the firm, whose top 50 investments lost £682m in the past nine months. Last year, 3i invested a total of £841m, down dramatically from the £1.8bn the prior year. 3i's share price has plummeted in recent months, this morning losing nearly 4%, giving it a £941m market capitalisation.
2 min read · 21 January 2013
The Fides Real Estate Direct Lending and Distressed Opportunity Fund will launch next month in search of up to $300m. The fund is led by Hagop Sargisian and Jose Quesada.
1 min read · 21 January 2013
Residential developers are starting to raise prices on distressed housing stock sales in a ‘clear early sign’ that the housing market is reaching the bottom, says property investment company, Assetz. House prices at auctions also appear to have started to plateau since the New Year, according to the same firm.
3 min read · 21 January 2013
The intellectual property of Linens 'n Things, the former Apollo Global portfolio company, has been acquired by private equity firm Hilco Consumer Capital and investment firm Gordon Brothers Group for vastly less than the original $1.3bn buyout value.
2 min read · 21 January 2013
Unilever’s fund called Progress wants to switch out of direct property holdings and into indirect holdings.
1 min read · 21 January 2013
Private equity firms have quite literally been on a shopping spree. Buyouts in the retail/consumer sectors in the past five years attracted the largest amount of capital from the world’s largest private equity firms.
1 min read · 21 January 2013
