Garth Peterson, who headed the bank’s real estate investing business in China, was promoted to managing director in 2007.
1 min read · 21 January 2013
Ardent Hotel Investors, backed by high net-worth capital, will focus on US hotel assets valued at up to $75m. Steve Surgent, former Everest Holdings executive, will lead the firm’s activities saying today is a time to be preparing to buy.
1 min read · 21 January 2013
The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession, including Blackstone and Carlyle. Sun invested alongside Lubert-Adler in US retailer Mervyns, which last year filed for bankruptcy.
2 min read · 21 January 2013
The US private equity firm has closed its latest mega-fund, Carlyle V, below its original $15bn target owing to the economic climate. The fund consists of primarily returning investors and is 30% committed.
1 min read · 21 January 2013
James McNulty has been hired as an executive advisor to help the Cleveland-based private equity real estate firm identify opportunities in North American parking, transportation and infrastructure businesses. Gates manages three car parking-focused funds.
1 min read · 21 January 2013
The UK property company belonging to the Duke of Westminster has appointed Andrew Bibby as CEO of its US activities. Earlier last year, Grosvenor US said it had reversed an investment freeze on the residential sector following the credit crunch.
2 min read · 21 January 2013
The South Asian nation saw a 45% drop in total deal value and a 24% decline in the total number of deals announced in 2008 compared to 2007. More than a third of all deals were in the real estate sector.
2 min read · 21 January 2013
Jon Halpern, head of real estate at New York-based alternative asset manager Marathon Asset Management, is among five professionals to be made partner.
1 min read · 21 January 2013
London & Stamford, the Aim-listed property investment company founded by British market veterans Raymond Mould and Patrick Vaughan, has exchanged contracts on its first purchase since the pair floated the company more than a year ago.
1 min read · 21 January 2013
The London-based firm with a Nordic retail closed ended vehicle has hired Calum Barclay as an associate to work on acquisitions, disposals and portfolio management.
1 min read · 21 January 2013
