ARCH Capital, a new fund manager in Hong Kong, has linked up with Ayala Land, a Filipino property developer, to raise a new private equity real estate fund with a $200m target.
1 min read · 23 January 2013
Influential shareholders opposed the buyout saying the $211m price tag undervalued the company.
2 min read · 23 January 2013
The joint venture will acquire $200m in land for residential development in Illinois, Indiana, Michigan and Wisconsin.
1 min read · 23 January 2013
In light of the recent armed conflict in Lebanon, the Dubai-based arm of Argent Financial Group has launched a new hedge fund to invest in the reconstruction of the country, including the real estate and infrastructure sectors.
1 min read · 23 January 2013
The Chicago-based firm’s first vehicle has already invested in self-storage and student housing and will also target medical office and senior housing.
1 min read · 23 January 2013
Sponsor Capital is putting pressure on rivals by creating the biggest real estate advisory and management firm in Scandinavia.
1 min read · 23 January 2013
The distressed loan specialist and real estate investor is buying a portfolio of German properties as Europe’s largest economy continues to recover.
2 min read · 23 January 2013
A joint venture between Walton Street and Westbrook Partners has acquired The Drake Hotel, which has played host to everyone from Queen Elizabeth to Hollywood royalty.
1 min read · 23 January 2013
The North American Free Trade Agreement (NAFTA), which liberalized trade restrictions among Canada, Mexico and the US, went into effect on January 1, 1994 despite fierce opposition from American labour unions, Mexican farmers, Zapatista revolutionaries and an outspoken US presidential candidate—Texas billionaire Ross Perot infamously remarked that NAFTA would create a “giant sucking sound” as American jobs were lost to cheaper labour south of the border. More than a decade later, it seems those anxieties were misplaced. Domestic workers had much more to fear from the Far East than they ever did from Mexico.
2 min read · 01 February 2013
Magic Mountain, the famed Los Angeles-area theme park, may soon be converted to a retail and residential development.
2 min read · 23 January 2013
