Urdang Capital Management, which closed its second value-add vehicle earlier this year, has sold 14 buildings in Georgia for $48m.
1 min read · 22 January 2013
The real estate veteran has filed a lawsuit against the Connecticut secondaries firm claiming Landmark failed to honour a promise to give him an ‘ownership interest’ in the firm.
2 min read · 22 January 2013
Two-thirds of all senior real estate professionals believe access to capital will be better one year from today, according to the latest US Real Estate Roundtable survey. However a third warned values would be lower next year compared with now.
2 min read · 22 January 2013
Stuart Rothenberg, the global head of Goldman Sachs’ Real Estate Principal Investment Area – which sponsors the Whitehall Street funds – has said he will retire by the end of 2008 at the age of 45. He has been with Goldman for 21 years.
2 min read · 22 January 2013
The European opportunity fund manager, Orion Capital Managers, has held a second close of its latest vehicle, Orion European Real Estate Fund III.
1 min read · 22 January 2013
The US private equity firm invested an undisclosed amount from its $2.25bn Trident IV fund in Real Estate Disposition Corporation, which auctions foreclosed properties. The company has auctioned off more than 16,000 US homes since November.
2 min read · 22 January 2013
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
2 min read · 22 January 2013
AAC Capital Partners, the former ABN AMRO buyout team, has secured €950m for further acquisitions from investors including Goldman Sachs, the CPPIB, AlpInvest and Adams Street.
1 min read · 22 January 2013
The $184bn pension, struggling with the denominator effect, committed $750m to Blackstone’s previous buyout vehicle. CalPERS documents confirmed rumours that Blackstone has lowered its fund target to between $15bn and $20bn.
1 min read · 22 January 2013
The Teacher Retirement System of Texas has hired former Summit Properties president Steve LeBlanc to lead its real asset and private equity portfolios. Lee Partridge, the pension's strategic research managing director has been promoted to deputy chief investment officer.
2 min read · 22 January 2013
