The New Jersey venture will provide food and other products at the New York Yankees baseball park and the Dallas Cowboys football stadium. The company will be led by Michael Rawlings, the former president of Pizza Hut.
1 min read · 22 January 2013
The former eight-year veteran of Lehman Brother’s Asia real estate team, Blake Olafson, has moved to Arcapita to lead the investment bank’s operations in the region. He will be responsible for building Arcapita's portfolio in Asia, Japan and Australia.
2 min read · 22 January 2013
Firm CEO Robert Brunswick tells PERE market conditions had ‘accelerated’ its focus on being a principal investment business.
1 min read · 22 January 2013
The auction for Lehman's Neuberger Berman and units including private equity fund of funds and secondaries, as well as infrastructure, will proceed despite objections from Carlyle over a $2.15bn bid from Bain and Hellman & Friedman.
2 min read · 22 January 2013
The principal and chief executive of the private equity real estate's Asian operations has left the outfit, reportedly to start his own firm.
1 min read · 22 January 2013
The German fund manager KanAM agreed to buy the part-let OpernTurm building in Frankfurt in September, but has now reneged on the deal. The fund said it did not want to increase its rental exposure to the financial industry.
1 min read · 22 January 2013
The data doesn’t lie – there are far fewer deals being done than last year.
2 min read · 22 January 2013
The private equity real estate arm of the bankrupt investment bank could be bought out by the management team, including Mark Newman, Brett Bossung and European head Gerald Parkes, according to media reports. In August, Lehman Brothers Real Estate closed its latest global fund on $3.2bn.
1 min read · 22 January 2013
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. Macklowe, Fortress, Morgan Stanley, Aviva and GE are the world's biggest sellers of real estate.
2 min read · 22 January 2013
The coming year could see prices drop in the US by as much as 20 percent next year, according to research by real estate investment firm Blumberg Capital Partners. Buying opportunities exist, CEO Philip Blumberg argued, though the commercial real estate market would not bottom out until mid-2009 or 2010.
1 min read · 22 January 2013
