Gary Stevens is suing his former employer, Landmark Partners, for breach of contract amid allegations the firm failed to keep a promise over compensation. PERE magazine December 2008/January 2009 issue
3 min read · 21 January 2013
While most people cling to their jobs during an economic downturn, some private equity real estate players opt to do the opposite by spinning out from their existing firms. It has a lot to do with carry. PERE Magazine December 2008/January 2009 issue
3 min read · 21 January 2013
PERE Magazine December 2008/January 2009 issue
2 min read · 21 January 2013
The European niche investor bought the stricken UK tea and coffee retailer for an undisclosed amount from Icelandic seller Baugur Group.
1 min read · 22 January 2013
Republican Ray LaHood, picked by US president-elect Barack Obama as transportation secretary, is described by those who know him as a 'main street conservative'. Obama's choice came as a surprise to some who were expecting a more high-profile candidates like Pennsylvania Governor Ed Rendell or Minnesota representative Jim Oberstar.
2 min read · 22 January 2013
The Pension Benefit Guaranty Corporation, which guarantees the pensions of about 44 million Americans, has hired gatekeepers as it prepares to allocate a portion of its $5.5bn in assets to private equity and real estate.
1 min read · 22 January 2013
The retail sector will undergo substantial repricing during the next year, according to the founder of Pacific Retail. However, Steve Plenge says it will be a better buying opportunity than the early 1990s.
2 min read · 22 January 2013
Sullivan, Ward, Asher & Patton attorney, Laurence Smith, and the founder of Heller-White Hotel Management, Mitchell Heller, are raising their first private equity real estate fund focused on hospitality developments in Hawaii. The 10-year fund is targeting IRRs of more than 20%.
2 min read · 22 January 2013
The publicly listed private equity and hedge fund manager has seen its share price plummet from an initial IPO value of $18.50 in February 2007. One analyst said the firm’s management could elect to take Fortress private.
2 min read · 22 January 2013
The New Jersey-based private equity real estate firm has added a Milford, Connecticut strip mall to its high-net-worth fund, The Hampshire Generational Fund. The deal was valued at about $30m with a reported cap rate of 7.5%.
1 min read · 22 January 2013
