Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.
2 min read · 21 January 2013
The joint head of the firm’s North American social infrastructure and transportation group led the firm’s bidding for some of the most prominent asset sales in North America, including the Indiana Toll Road and the Pennsylvania Turnpike.
1 min read · 21 January 2013
The $64bn of money allocated to infrastructure spending includes multiple pockets of discretionary spending that contractors and developers could compete for, lawyers at McKenna, Long and Aldridge explained to listeners during a conference call.
2 min read · 21 January 2013
The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
2 min read · 21 January 2013
Johnathan Richard Perry, head of WP Carey’s international asset management group, was killed with his girlfriend as they travelled on the Q400 Bombardier plane that crashed into a house in New York state. 'He had a love for travel, for friendship and for helping others,' the firm said.
1 min read · 21 January 2013
Nation-wide job losses and increasing supply will hurt the office sector in 2009, according to Foresight Analytics. Some of the worst affected cities include Riverside-San Bernardino, in Southern California, and Charlotte, North Carolina.
2 min read · 21 January 2013
Indian conglomerate Aditya Birla Management is seeking to offer its clients diversity through real estate and private equity as equities continue to perform poorly in India.
1 min read · 21 January 2013
Sentiment from private equity firms towards investment in India is on the wane and cyclical markets like real estate are likely to be among those most affected, delegates at a Mumbai conference heard today. The message echoes last week’s PERE Forum: Asia 2009 conference in Hong Kong.
2 min read · 21 January 2013
The $171bn US pension has bolstered its real estate housing programme, which lost 35% in value over the first half of 2008, with the hire of James Lasher as senior portfolio manager.
1 min read · 21 January 2013
PERE Forum: Asia 2009. Jonathan Brasse reports on the top ten issue that came out of the conference.
3 min read · 21 January 2013
