Construction loans for all property sectors contracted 5% in the first quarter, with commercial lending shrinking 1%. Defaults on construction loans for US residential and commercial developments have now hit highs not seen since 1992.
1 min read · 21 January 2013
As LPs weigh their options, two real estate funds are offering investors the ability to say ‘no’ to certain deals. By Jonathan Brasse
2 min read · 21 January 2013
As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, warned agents play a vital role in helping his small staff identify private equity and real estate opportunities.
3 min read · 21 January 2013
The former head of JP Morgan's sub-Saharan business is joining AREA Property Partners as a senior director in Europe.
1 min read · 21 January 2013
ING Real Estate has launched a second China focused real estate opportunity fund. The vehicle is targeting up to $750 million in equity, is aiming to invest principally in residential assets and plans to make individual investments of between $50 million and $70million.
2 min read · 21 January 2013
Dallas-based distressed investor Lone Star Funds, led by the highly private John Grayken, is powerfully positioned to take advantage of the current global economic downturn, according to a profile of the man in the June issue of PERE magazine.
2 min read · 21 January 2013
The founder of Knight Trading is planning a series of funds that will target discounted office, multifamily and condos in the New York area and Florida. KABR’s first acquisition is AIG’s New Jersey office.
2 min read · 21 January 2013
VTB Capital and Deutsche Bank’s global real estate group have set a target of at least €300m for VTBC-DB Real Estate Partners I. Scandinavian pension funds, including Ilmarinen and Etera, are among the first limited partner investors in the fund.
1 min read · 21 January 2013
A new business has been established by Ric Lewis, former chief investment officer of AEW Europe and chief executive of Curzon Global Partners. Tristan Capital Partners will continue to manage two AEW vehicles.
1 min read · 21 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 21 January 2013
