Oaktree will be pursuing similar opportunities in Asia, with declining stock markets offering chances to acquire undervalued real estate.
1 min read · 22 January 2013
The volume of real estate sales has increased this year as corporates struggle to access traditional sources of capital, according to a property report. Real estate services firm Jones Lang LaSalle says in its latest Global Real Estate Capital Report that 'sale and leaseback' transactions should reach $34bn by the end of the year.
3 min read · 22 January 2013
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
2 min read · 22 January 2013
Jeffrey Schwartz, chief executive and chairman of the global logistics firm, resigned today. The Denver-based company, which manages a series of institutional property funds, is cutting jobs and costs as well as halting new developments in the face of a serious downturn.
2 min read · 22 January 2013
Latin America is fertile ground for real estate GPs thanks to repricing in the wake of the credit crunch, according to JER president and COO, Michael Pralle speaking at the PERE conference in New York today.
1 min read · 22 January 2013
The global buyout group has taken another step away from venture capital. It closed its venture-focused Boston office last year.
1 min read · 22 January 2013
The emirate’s government has reportedly formed a high-level committee to oversee future real estate developments, as concerns mount over the region’s property markets. It comes as developer Damac cuts 200 jobs, or 2.5% of its workforce in response to the worsening outlook.
2 min read · 22 January 2013
The US government has been urged to create a ‘bad bank’ entity, such as the Resolution Trust Corporation of the 1990s, to force banks to offload toxic real estate-related assets and free up markets.
2 min read · 22 January 2013
The Shanghai-based investment firm will invest $30m for a 25 percent stake in a joint venture with Chinese developer, China Housing & Land Development, to build a 79-acre mixed-used project.
1 min read · 22 January 2013
The property services firm has hired Amy Barklam to co-ordinate the distribution of its global indirect funds.
1 min read · 22 January 2013
