The Boston-based real estate investment firm, along with its joint venture partners, has sold the Flatotel on 135 West 52nd Street and the Alex Hotel on 205 East 45th Street. The properties had been put in receivership after their original owner reportedly defaulted on the debt.
2 min read · 27 August 2013
Barry Sternlicht, chairman and chief executive officer of Greenwich, Connecticut-based Starwood Capital Group, hails the sale of four luxury hotels in France that were inherited as part of the 2005 takeover of conglomerate La Louvre as an important stage in the ‘monetisation’ of its portfolio.
2 min read · 27 August 2013
Eight months after igniting plans to expand its investment horizons to other areas of private equity, the China Resources-owned platform has hauled RMB956 million from Chinese investors for a fund wrapped around a residential development in Shanghai.
2 min read · 27 August 2013
The Carlyle Group has emerged as a buyer of a large department store in Germany being sold by a venture that includes Goldman Sachs and RREEF Real Estate.
1 min read · 27 August 2013
The $42 billion pension has promoted senior portfolio manager C.H. Meili to the top post in its real estate department.
1 min read · 27 August 2013
The New York-based real estate investment advisor has closed on approximately $120 million in equity to invest predominantly in residential properties in the US, although the firm has the ability to invest in commercial real estate as well.
2 min read · 27 August 2013
The $90.9 billion pension system has appointed David Gillan to oversee its $15 billion real estate investment portfolio, as his predecessor now becomes head of private equity.
2 min read · 27 August 2013
In his first interview with PERE since Deutsche Bank’s strategic review of its asset management division in 2011, RREEF Alternatives chief Pierre Cherki says the group will expand upon its investor base by encompassing retail clients and will offer a broad range of products addressing investors’ needs.
3 min read · 27 August 2013
The Chicago-based private equity real estate firm has named Tom Heneghan, former chief executive of Equity LifeStyle Properties, to fill the position vacated by co-founder and former CEO Gary Garrabrant last fall.
2 min read · 27 August 2013
The Singapore-listed logistics real estate developer and investment manager and the Canadian pension fund have committed an additional $316 million of equity each to their GLP Japan Development Venture.
2 min read · 27 August 2013
