The US firm and its newly installed president, Michael Pralle, has appointed the former head of asset management at Merrill Lynch for its European operation as well as a vice president of risk management in Latin America from GE Capital.
1 min read · 22 January 2013
Global investment bank Houlihan Lokey has added four former JP Morgan real estate investment banking professionals to its business in a bid to expand the firm’s real estate practice. The JP Morgan team helped orchestrate the sale of 650 Madison Avenue to Carlyle and Ashkenazy.
2 min read · 22 January 2013
The troubled Australian mall owner has confirmed a $714m agreement to sell 29 of its 30 assets to a private real estate investor has collapsed. The company says the investor ‘elected to terminate the agreement’ but insisted talks were continuing.
2 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
2 min read · 22 January 2013
Wolfhard Leichnitz is to leave the Bonn-based property company and fund manager at the end of the month. The news follows a fall in profits, share price and a cool reception to a decision not to sell its underground oil and gas storage company.
1 min read · 22 January 2013
Lehman Brothers has filed for Chapter 11 bankruptcy protection after failing to find a buyer over the weekend. The failed bank says it is in advanced discussions with a 'number' of potential buyers for its investment management unit, which includes Lehman Brothers Real Estate.
2 min read · 22 January 2013
The Boston-based firm has paid $52m for 13 industrial properties in the Golden State. The deal follows on its $118m multifamily deal in Orlando, Florida.
1 min read · 22 January 2013
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
4 min read · 22 January 2013
Lehman’s plan to unload up to $30 billion of its commercial real estate assets is a move the investment banking giant has been hard-pressed not to make.
2 min read · 31 January 2013
