The New York-based private equity real estate firm is in negotiations with Barclays Capital over loans backed by the office building, 475 Fifth Avenue. Westbrook and Moinian, its operating partner, had put up $18m in equity for the $160m deal.
2 min read · 21 January 2013
AEW Europe follows its investment in a Dartford logistics unit last year with another UK logistics asset, this time in the Midlands region.
1 min read · 21 January 2013
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
3 min read · 21 January 2013
Dolphin Capital Investors, the largest real estate company on London's Alternative Investment Market and the biggest South-East Europe residential resort player, is offering shareholders the chance to buy assets in the company's portfolio as part of a financial strengthening.
2 min read · 21 January 2013
The real estate arm of global asset management group Franklin Templeton Investments holds a final close for its Asian multi-manager product.
1 min read · 21 January 2013
Robert Redmond, who also advised on the private equity buyouts of First Data Corp and TXU, will join as vice chairman to build its North American operations. It comes as parent Macquarie Group initiated a second round of global staff cuts, which have hit Macquarie Capital hardest.
1 min read · 21 January 2013
The UK fund manager is acquiring two retail properties in the south east of England following the establishment of the firm in March 2008.
1 min read · 21 January 2013
The San Francisco-based private equity real estate firm has brought on Quinn Barton as the firm moves into debt investments. He will lead Carmel’s newly-opened New York office.
1 min read · 21 January 2013
Michael Sabia, the ex-CEO of BCE who worked on the failed take-private of the Canada telecoms company, has been appointed president of the C$120.1bn Caisse de dépôt et placement du Québec.
1 min read · 21 January 2013
Reminiscent of the last great property downtown, MIPIM 2009 was not the usual ebullient event. Veterans though are waiting for the music to start again.
2 min read · 21 January 2013
