Private real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.
2 min read · 22 January 2013
The UK mid-market private equity firm, Phoenix Equity Partners, is banking on an aggressive roll out of a Thai restaurant chain to take the group from three to 30 sites. Phoenix says now is a good time to be buying properties.
1 min read · 22 January 2013
The bill, which would more than double federal taxes on carried interest, faces an uphill battle in the Senate.
2 min read · 22 January 2013
The listed European developer that Denver-based ProLogis floated in 2006 is on its way to delivering on a promise to invest €900 million in ProLogis European Properties fund II (PEPF).
1 min read · 22 January 2013
The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.
2 min read · 22 January 2013
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
2 min read · 22 January 2013
The summer recess will give time for the government to refine its plans, which critics have said could lead to an industry exodus to more favorable neighboring jurisdictions.
2 min read · 22 January 2013
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
2 min read · 22 January 2013
Indian development firm GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005.
2 min read · 22 January 2013
Los Angeles-based CBRE Investors has hired former Bank of America and BlackRock investment pros David Sullivan and Steven Yeh. The duo will join the firm as directors.
1 min read · 22 January 2013
