Los Angeles-based firm Colony Capital is hoping to acquire a stake in struggling Central European property firm Orco, after the company started bankruptcy protection proceedings.
2 min read · 21 January 2013
John Herbert, a former managing director of Merrill Lynch’s European property and hotel group, has joined the Italian firm as senior advisor of its €300m fund of funds.
1 min read · 21 January 2013
Thomas DiNapoli, New York's comptroller in charge of the $122bn New York State Common Retirement Fund, seeks reimbursement of more than $5m in fees paid and other damages from the financial advisor Aldus. The Dallas-based firm is accused of taking part in a kick-back scandal involving the New York Common.
3 min read · 21 January 2013
Rhys Lewis, who was hired from Moorfield Group in 2005 to expand the firm’s European operation, has created Anglesea Capital to invest in the UK.
1 min read · 21 January 2013
The $20bn Connecticut state pension is the latest in a list of US pensions that have ended their relationship with Aldus Equity after the Dallas firm’s founder, Saul Meyer, was indicted for allegedly taking part in a kick-back scheme. Aldus’ lawyer yesterday rebuked the SEC as being ‘careless’ for naming the firm in a related complaint.
4 min read · 21 January 2013
An uptick in real estate investment activity by SWFs in 2008 may indicate a long-term investment trend, including helping to fill the debt financing void, according to a Deloitte report.
2 min read · 21 January 2013
The Cayman Islands-based firm has launched a residential housing fund, with hopes of closing the vehicle by the end of the year. Half the fund is expected to invest in Peru and Colombia. The firm's last fund closed on $42m last year.
2 min read · 21 January 2013
It is the first fund LaSalle has ever closed specifically targeting Mexico. News of the closing comes on the same day as Mexico tries to resume normal business activities amid an outbreak of swine flu.
1 min read · 21 January 2013
The London-based firm has appointed Hugh Elrington as head of UK transactions. Elrington spent 11 years at CB Richard Ellis and the last two years at Pensus Fund Management.
1 min read · 21 January 2013
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
1 min read · 21 January 2013
