The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
1 min read · 22 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 22 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 22 January 2013
The Boston-based real estate investment firm appoints former Invesco executive Ben Maudling to lead its operations in Central and Eastern Europe. Taurus president Peter Merrigan says the firm is also planning new offices in Peru and Greece.
2 min read · 22 January 2013
Indian real estate firm Sobha Developers has sold a 40 percent stake in a township project to the Dubai firm.
1 min read · 22 January 2013
As Japanese REITs continue trading at an average 35 percent discount, the Japan and California-based firm says it is creating a $450m vehicle to acquire them. Dalton says it is looking to buy mid-sized REITs.
1 min read · 22 January 2013
INREV is overhauling its definitions of core, value-added and opportunity funds after finding that measuring internal rates of return as well as leverage is not the best way to classify them.
2 min read · 22 January 2013
GE Real Estate, which is in the process of setting up a property fund business to rival the likes of Morgan Stanley and Blackstone, has appointed the firm’s general counsel and former Orion Capital real estate professional Thierry Leleu as managing director in Europe.
1 min read · 22 January 2013
The New York City Board of Education Retirement System is looking to broaden its investment portfolio with a $130 million allocation to real estate.
1 min read · 22 January 2013
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
2 min read · 22 January 2013
