Last month, a private equity real estate bidding war broke out in a very unlikely place: Italy, where a clutch of investors faced off in a competition for two publicly listed real estate funds. According to industry observers, it was the first time in quite a while, if ever, that a competitive bid situation developed for Italian real estate assets. The two funds, Tecla Fondo Uffici and Berenice Fondo Uffici, have a combined enterprise value of approximately €1.6 billion.
2 min read · 01 February 2013
Two celebrity billionaires face off with competing hotels in the beach community of Malibu, California.
2 min read · 22 January 2013
Israeli real estate firm AFI Europe has purchased a €76.5m Bulgarian property as interest in the country grows.
1 min read · 22 January 2013
Private equity firm Equastone expands its holdings in the Dallas market with a $382m purchase of Crescent Real Estate’s 3-million-square-foot office portfolio.
1 min read · 22 January 2013
Global real estate firm Hines has closed an $828m value-added fund—its second fund targeting office properties in the US.
1 min read · 22 January 2013
London-based services group Savills has acquired New York real estate investment bank Granite Partners for $54m.
1 min read · 22 January 2013
Pirelli is reportedly giving the nod to Goldman Sach’s €913-per-unit bid for Italian office portfolio Berenice.
1 min read · 22 January 2013
Shareholders of resort-and-office REIT Crescent Real Estate have consented to Morgan Stanley’s $6.5bn acquisition bid.
1 min read · 22 January 2013
Looking to expand its investment team, real estate secondaries firm Liquid Realty has hired Stephen Maxon to join its growing group of analysts.
1 min read · 22 January 2013
As it looks to the Japanese warehouse sector, global real estate firm LaSalle Investment Management announced the opening of its first commercial-and-warehouse complex in Japan.
1 min read · 22 January 2013
