In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
1 min read · 22 January 2013
As REITs in the US and Japan look increasingly stressed, the chief executive of LaSalle’s Asia Pacific securities division argues there are growing opportunities in Australia’s listed property sector as the industry feels the impact of the credit crunch.
2 min read · 22 January 2013
The accounting arm of the real estate consulting firm appoints former Vornado executive Stanley Perla as managing director of its newly-named Cornerstone Accounting Group.
1 min read · 22 January 2013
BDO Stoy Hayward has seized as collateral almost £1bn of privately-owned property belonging to the troubled London-based investment firm Dawnay, Day.
2 min read · 22 January 2013
The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.
2 min read · 22 January 2013
The LA-based real estate firm has made three senior appointments for its global multi-manager business, two in London and one in Boston.
2 min read · 22 January 2013
The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
2 min read · 22 January 2013
Newly-created European private equity real estate firm Palatium Investment Management has taken on Adam Shutkever, a former managing director with Deutsche Bank.
1 min read · 22 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 22 January 2013
The arcade and dining franchise will use the fresh capital to pay down debt, roughly two years after Wellspring purchased the company in a $375m take-private. Wellspring will retain a controlling interest in the company.
2 min read · 22 January 2013
