The acquisition of 600 Lexington Avenue by the US REIT has been closely watched by real estate investors amid speculation a price bubbling is gripping the city. The deal, for which SL Green is looking for a JV partner, values the property at $636-a-square-foot.
2 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
Steven Bass, managing director of CBRE Investors’ strategic partners team in Tokyo has joined the real estate group of Asia investment firm, Ajia Partners, as a managing director.
1 min read · 24 January 2013
The one-time world’s largest private equity real estate investment fund, Morgan Stanley Real Estate Fund VI International, is on course to lose almost two-thirds of its equity.
2 min read · 24 January 2013
It has emerged that managing directors Anders Âström and Tomas Otterud have departed the company having joined less than a year earlier
1 min read · 24 January 2013
Chicago-based real estate investment firm LaSalle has announced internal promotions in Canada, Europe and Asia
1 min read · 24 January 2013
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
2 min read · 24 January 2013
Morgan Stanley Real Estate Investing has hired Olivier de Poulpiquet as head of its European business, seven years after he left the investment bank for Italy’s Pirelli Real Estate
1 min read · 24 January 2013
Jean-Paul Gauzes, the rapporteur for AIFM, has suggested a way of replacing the controversial third-country rules.
2 min read · 24 January 2013
The British Private Equity and Venture Capital Association (BVCA) is creating a body to ‘enhance’ understanding between investment firms and their investors.
2 min read · 24 January 2013
