The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 22 January 2013
The asset manager has sold its interest in Canary Wharf to its new European operation, Brookfield Europe, in deal valued at £333.8m, as part of plans to create single platform. The move is part of Brookfield's efforts to refinance its debt on a longer-term basis.
1 min read · 22 January 2013
The Boston-based real estate fund manager has bought three industrial complexes in Silicon Valley, California just days after selling a Massachusetts office block for a 9% profit.
1 min read · 22 January 2013
A German property fund run by Axa Investment Management has acquired the 27,000-square-metre retail asset in Kalmar, Sweden, from Sveafastigheter. Sveafastigheter retains the right to develop another 13,000-square-metres of space at the retail park.
1 min read · 22 January 2013
The Mumbai-based private equity real estate firm is considering a second fund after closing its first fund, jointly launched with UK fund manager Catalyst Capital. The fund is invested in seven deals in India, including residential and warehouse developments.
1 min read · 22 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud real estate and private equity firm, Fortress Investment Group.
3 min read · 22 January 2013
The Chicago-based media company failed owing to the $13bn of debt loaded onto its balance sheet when it was acquired by billionaire real estate investor Sam Zell last year. The company said in its bankruptcy filing it had just $7.6bn of assets. Zell invested $315m in the deal.
2 min read · 22 January 2013
Dolphin Capital Investors, the listed arm of private equity real estate firm Dophin Capital Partners, has bought back 10 percent of its shares as part of a strategic investment slowdown.
1 min read · 22 January 2013
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
2 min read · 22 January 2013
Yes, it’s that time of year again when voting starts for the Global PERE Awards. Who do you think has the potential to be named industry figure of 2008? Which firm made the most notable deal of 2008? What was the fundraising highlight of the year?
2 min read · 31 January 2013
