Last week, Apollo Real Estate Advisors’ new debt vehicle, Apollo Real Estate Finance Corporation, extended $90 million in mezzanine financing to 20 Pine – The Collection, a new condominium project in Manhattan. Located in the former headquarters of Chemical Bank, the building is in Manhattan’s financial district—an increasingly desirable address as every square foot of the island is colonized for high-end residential use.
2 min read · 01 February 2013
Riots broke out in the streets of Budapest after it was revealed that Ferenc Gyurcsany, Hungary’s prime minster, lied about the country’s economic prospects. Despite the political unrest, however, real estate fundamentals in Hungary remain strong.
2 min read · 23 January 2013
Hotel veteran William Reynolds will lead the company’s acquisition and development efforts.
1 min read · 23 January 2013
Fresh from a post at GE Real Estate, Tom Wagner will join the real estate investment division of Cerberus as a managing director.
1 min read · 23 January 2013
An infrastructure consortium including Credit Suisse and GE Infrastructure has paid a reported €750m to acquire London City Airport.
1 min read · 23 January 2013
Private Equity International has announced in its November issue a global list of 30 influential lawyers who specialise in private equity.
1 min read · 23 January 2013
The New York-based private equity real estate firm has provided $90m in mezzanine financing to the conversion of a former bank headquarters in Manhattan.
1 min read · 23 January 2013
This is the second multi-family investment in the market for the Philadelphia-based investment manager.
2 min read · 23 January 2013
The buyers, who include CPG, Goldman Sachs and Perry Capital, may intend to renovate the property.
1 min read · 23 January 2013
Fast expanding Macquarie Global Property Advisors has sold a UK-focused business park for £640 million, more than double what it paid for the company four years earlier.
2 min read · 23 January 2013
