Karsten Kallevig, chief investment officer for real estate at Norges Bank Investment Management, told an audience in London last night how the NOK3,494 billion sovereign wealth fund does not want to see its equity returned in five years, thereby excluding opportunity funds from its initial investment thesis.
3 min read · 17 January 2013
A joint venture between the New York-based fund manager and Four Corners Partners has purchased a former shopping centre-turned-office campus for $90 million from William Lyon Homes. The venture plans to renovate the property into Class A offices.
3 min read · 17 January 2013
Michelle LeRoy has formed Tricon Real Assets Capital, a private placement and consultancy business aimed predominantly at real estate investment management firms.
2 min read · 17 January 2013
The Los Angeles-based fund manager, through a joint venture with Capital & Regional, has acquired the Kingfisher Shopping Centre for £130 million.
2 min read · 17 January 2013
After a three-year battle, the former investment banking giant has finalised its plans to obtain ownership of 14 California residential development sites from developer SunCal.
2 min read · 17 January 2013
The $110 billion Teacher Retirement System of Texas is set to promote Eric Lang to run real estate and Rich Hall to lead private equity investments when Steve LeBlanc, senior managing director of external private markets, steps aside in June.
2 min read · 17 January 2013
Drucilla Richards, who previously helped to recruit 12 employees to the New York-based real estate investment firm, has now joined the company as a managing director of investor relations and capital raising. She is one of eight other real estate-focused hires that have or will join the company this year.
2 min read · 17 January 2013
Investors at the PERE Global Investor Forum 2012 in Los Angeles spoke about pursuing more tailored options for deploying their capital in the asset class. Many GPs are paying attention. Those still not, should be.
3 min read · 17 January 2013
Garth Peterson, the ex-Morgan Stanley Real Estate Investing (MSREI) managing director whose actions led to the division’s China platform to be subjected to a nine-month corruption probe in 2009, has pleaded guilty for his role in evading its internal controls for the purposes of personal gain.
3 min read · 17 January 2013
The senior principals of the placement agent have signed a separation agreement bringing the firm’s operations to a halt at the end of June ahead of launching separate businesses.
2 min read · 17 January 2013
