New York’s highest court finds that Tishman, BlackRock, and previous owner MetLife, improperly deregulated rents at the Manhattan complex. Tenants who brought the case are claiming back rent and damages of up to $600m.
3 min read · 21 January 2013
Jon Tanaka has been appointed managing director and head of Japan in charge of Angelo Gordon’s real estate activities in the country.
1 min read · 21 January 2013
The two private equity firms have partnered with First Republic’s management to carve out the group from BofA for a reported $1bn.
2 min read · 21 January 2013
Colony Financial and private equity real estate funds managed by the Los Angeles-based firm have provided a first mortgage loan to homebuilder William Lyons Homes.
1 min read · 21 January 2013
The wide variety of reporting methods used by GPs in real estate has caused LPs to increase their data requests three-fold, a senior partner at Ernst & Young contends.
1 min read · 21 January 2013
The Singapore-based firm has secured a three-year advisory deal with Ho Chi Minh City developer Novaland that is likely to lead to an investment in its $500m Sunrise City Shopping Centre development among others.
2 min read · 21 January 2013
A Sydney-based firm recently launched by former bankers from Macquarie Group and Lehman Brothers, is reportedly close to closing an Australian real estate fund.
1 min read · 21 January 2013
Jeff Giller has now left the San Francisco-based secondaries shop after four years with the firm.
1 min read · 21 January 2013
BAA has agreed to sell the UK’s second largest airport, ending months of negotiations. Rival bids from syndicates featuring Borealis and Citi were trumped by GIP, which reportedly secured more than £1bn in debt financing.
2 min read · 21 January 2013
The São Paulo-based firm raised more than half the capital since September 2008, targeting North American and European investors. The firm will focus on office and affordable housing developments in Brazil.
2 min read · 21 January 2013
