The joint venture between New York-based Och-Ziff and Florida-based real estate developer The Kolter Group is targeting residential investments in the southeast region of the US.
1 min read · 22 January 2013
Gautam Bhandari, previously part of the bank’s investment banking division in New York, is moving to Mumbai to head up Morgan Stanley Infrastructure as it seeks to invest part of a $4bn global fund in India, the Middle East and Sub-Saharan Africa.
1 min read · 22 January 2013
The private equity real estate firm has partnered with US-based real estate investment firm ConAm to acquire a 456-unit apartment complex in Sacramento, California. The pair plan to upgrade the property and increase rents.
1 min read · 22 January 2013
Equity Office Properties, the REIT acquired by Blackstone for $39bn last year, has sold a 1.1m-square-foot office complex in Texas to real estate investment firm Spear Street. The complex includes 13 buildings and two development sites.
2 min read · 22 January 2013
Creating a dedicated website explaining the firm’s approach to corporate responsibility is just another natural step in the evolution of a private equity firm, says Patrick Dunne, the global firm’s communications director.
2 min read · 22 January 2013
Joseph Azrack, the former president and CEO of Citi Property Investors, will join Leon Black’s new real estate arm, a separate entity from the veteran real estate firm named Apollo Real Estate. Apollo Global's operation will focus, initially, on distressed debt and recapitalizations.
3 min read · 22 January 2013
Prupim has announced a second Tesco portfolio purchase a day after it was revealed that the UK’s largest supermarket has sold £605m of property to real estate investors. The move is part of a sale-leaseback deal that will fund Tesco's expansion into the competitive Indian wholesale food market.
2 min read · 22 January 2013
Finnish property group Catella has appointed Nurminen, formerly CEO of the group’s Finnish business, to head its growing asset management arm Amplion.
1 min read · 22 January 2013
Thompson National Properties, the private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson, has opened an office in New York adding a former Wachovia Securities director as managing director to target real estate debt.
1 min read · 22 January 2013
The Australian infrastructure pioneer has unveiled a major management overhaul as its share price continues to decline. Firm founder Jim Babcock and long-time chief executive Phil Green will be replaced by in-house executives.
2 min read · 22 January 2013
