DTZ has finally been sold to Australian engineering, construction and maintenance company UGL Limited, bringing its protracted sale saga to a close. The combined company has 24,000 staff, 225 offices across 45 countries and generates an annual revenue of about £1.2bn making it one of the largest property services groups in the world.
3 min read · 18 January 2013
Senior investor relations executive Rob Johnson has left The Blackstone Group’s Asia real estate platform to join JPMorgan Asset Management’s Global Real Assets division for a China-focused role.
2 min read · 18 January 2013
Brookfield is the latest private equity real estate firm to pursue ownership of the troubled Stuyvesant Town apartment complex.
3 min read · 18 January 2013
The $80 billion state investment board has invested in BREP VII, as well as hiring Heitman to manage a $20 million separate account.
1 min read · 18 January 2013
The Phoenix-based private real estate company is raising its first investment fund to acquire retail properties in the West and Southwest regions of the US.
1 min read · 18 January 2013
The fate of Morgan Stanley Real Estate Investing’s latest global opportunity fund lies in an investor vote to extend its investment period scheduled to happen this month.
3 min read · 18 January 2013
Like every other asset class, real estate investors face massive uncertainty thanks to today’s macroeconomic policies. Noted chief economist Diane Swonk calls for a path to action, not just for real estate but for the entire US economy. PERE Magazine, December 2011/January 2012 issue
3 min read · 18 January 2013
In joining forces with the Dubai government for a $1 billion real estate fund, Brookfield Asset Management is tipping the Emirate’s recovery. PERE Magazine December/January issue 2011/2012.
3 min read · 18 January 2013
New research from Clairvue Capital Partners reveals that, in an illiquid market, opportunities in two forms of special situations investments – recapitalisations and secondaries – are rising. PERE Magazine, December 2011/January 2012 issue.
7 min read · 18 January 2013
The Toronto-based asset manager will assume ownership of three assets in the Bahamas and Mexico under a debt restructuring agreement with Kerzner International.
2 min read · 18 January 2013
