Former New York governor Eliot Spitzer, who resigned in 2008 plagued by scandal, has reemerged as a real estate investor, buying 1615 L Street in Washington, DC through the use of $42m in cash.
1 min read · 21 January 2013
Peter Rhodes, managing director at Reed MIDEM UK says there will be fewer parties at the world’s largest property event as firms send fewer junior executives and the number of non-paying visitors decline.
2 min read · 21 January 2013
AREA Property Partners has teamed up with F&C REIT to buy a package of properties once owned by Dawnay Day, the property investor whose subsidiary companies were placed into administration last year.
2 min read · 21 January 2013
The reductions follow the 1,000 jobs that the Australian investment bank eliminated between September and January. Macquarie Capital Advisors lost the most staff, according to sources.
2 min read · 21 January 2013
The Houston-based real estate investment firm is positioning itself to take advantage of demand for office space once $2bn of retail and residential construction is completed in 2011.
2 min read · 21 January 2013
The Des Moines, Iowa-based real estate firm has appointed Michael Fortier as controller and chief financial officer of the funds managed by Aviva Investors’ New York office.
1 min read · 21 January 2013
The fund management business owned by property adviser Savills, creates global role to meet needs of its clients. Michael Flynn is made global head of institutional business just nine months after being hired by the firm to open its office in Singapore.
1 min read · 21 January 2013
Ports America, a stevedore owned by Highstar Capital, beat our eight other competitors for a 50 year concession to improve and operate five berths at the California port, the US’ third busiest by container volume. The contract is the first of its kind for US marine terminals.
3 min read · 21 January 2013
As Europe’s glitziest property-fest prepares to get under way next week, organisers say attendance levels will be a third lower than last year’s event.
2 min read · 21 January 2013
The European Association for Investors in Non-listed Real Estate Vehicles has ended an agreement with the Investment Property Databank for IPD to provide data and a fund index service.
2 min read · 21 January 2013
