AIG Global Real Estate, the one-time $40 billion real estate investment management business of credit crunch poster-boy American International Group, wants to be a real estate player again. It might just have the capacity for a comeback.
4 min read · 17 January 2013
The Toronto-based residential real estate investment firm has invested in a Dallas mixed-use development and a Houston master-planned community on behalf of its eleventh commingled fund and a separate account, respectively.
2 min read · 17 January 2013
The London-based private equity real estate firm reportedly is in talks to recapitalise Structadene, which owns 700 properties worth a reported £1 billion.
1 min read · 17 January 2013
The indictment of Detroit's former treasurer has revealed an alleged pension pay-to-play scheme, in which several private equity real estate managers, consultants and small-scale buyout firms are accused of providing bribes in exchange for business with two of the city’s municipal pension systems.
3 min read · 17 January 2013
The London-based private equity real estate firm and its partner, French asset manager Générale Continentale Investissements, have announced the sales of two Paris offices after they had deployed various value-add strategies to the assets.
2 min read · 17 January 2013
The revolving door of private equity leaders at US public pensions continues to spin as Steve LeBlanc, one of the most influential LPs in the market, has decided to head to the private sector.
2 min read · 17 January 2013
The Parsippany, New Jersey real estate investment manager has completed its largest fundraise for the property type, exceeding its original target by $68 million.
2 min read · 17 January 2013
The Denver-based private equity firm has entered into an agreement to purchase the 99-year-old Grove Park Inn Resort & Spa in Asheville, North Carolina, from Dallas-based conglomerate Sammons Enterprises. KSL plans a $25 million renovation programme.
2 min read · 17 January 2013
PropertyMatch, a European secondaries trading platform for units in unlisted real estate funds part-owned by CBRE, says it traded more than €270m in the first quarter of the year, beating last year’s corresponding period by 240 percent.
2 min read · 17 January 2013
Grant Berlin, former head of real estate fundraising at AllianceBernstein, has joined the Toronto-based asset manager as senior vice president in its private funds group.
2 min read · 17 January 2013
