High-profile London estate agents Foxtons has undergone a capital restructuring that sees its lenders own the majority of the equity. BC Partners will reportedly inject less than £50m of fresh equity.
1 min read · 24 January 2013
Colliers International and FirstService Real Estate Advisors have merged to form the third largest property services firm in the world. Merger creates a business generating almost $2 billion in revenues annually.
1 min read · 24 January 2013
MVision, the private equity placement agent business led by Mounir Guen, has appointed Mitchell Sikora and Scott Arden from JT Partners to boost its real estate services offering.
1 min read · 24 January 2013
Susan Swanezy has joined Hodes Weill & Associates as partner. Swanezy was previously managing director at Credit Suisse’s Real Estate Investment Group.
1 min read · 24 January 2013
Veteran CalPERS board member Charles Valdes is not running for re-election, and will be replaced by the pension's real estate investment officer Joseph Jelincic. Jelincic received 51% of the votes in a run-off election.
2 min read · 24 January 2013
Schroders has appointed former Hines investment executive Marina Bottero as head of property fund management, Italy. The firm has also promoted Cristina Ferrari Bravo to head of property asset management, Italy.
1 min read · 24 January 2013
Analysis by Jones Lang LaSalle says ‘selective banks’ are willing to lend, though loan-to-value ratios are unlikely to improve and finance for speculative development will be unavailable in the short term.
2 min read · 24 January 2013
A PPIP fund raised by The TCW Group has been withdrawn following the departure of the firm’s chief investment officer Jeffrey Gundlach, which triggered a key-man clause. Investors can transfer investments to other public-private investment programme managers.
2 min read · 24 January 2013
The Washington DC-based private equity real estate firm has closed the deal to acquire developer and operator, American Community Properties Trust, through its $240m FCP I fund.
1 min read · 24 January 2013
A heated battle has emerged for PERE’s prestigious title of global industry figure of the year between Lone Star’s John Grayken, Starwood’s Barry Sternlicht, CIC’s Lou Jiwei and Vision Brazil Investment’s Rodrigo Abbud.
2 min read · 24 January 2013
