The Senate Finance Committee’s second inquiry into carried interest featured witnesses who support and oppose the carried interest designation as capital gains, but they unanimously agreed that one industry should not be singled out over another for tax purposes.
3 min read · 22 January 2013
Private equity firm The Blackstone Group announced the appointment of real estate veteran Michael Casey to its fundraising and LP relations team.
1 min read · 22 January 2013
Italian conglomerate Pirelli has increased its stake in real estate subsidiary Pirelli RE, following the firm’s recent acquisitions in Europe.
1 min read · 22 January 2013
The Dallas-based firm is developing a multi-family residential project in Fairfax County, Virginia, which hopes to take advantage of its strategic proximity to Washington.
1 min read · 22 January 2013
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
2 min read · 22 January 2013
The former senior client partner at Coutts will head a hybrid property investment fund managed by Worldwide Private Residences Management.
1 min read · 22 January 2013
Duke Street Capital’s managing partner Peter Taylor has emphasised his support for Sir David Walker’s drive for greater transparency in private equity, after successfully deflecting criticism about the industry at this morning’s Treasury hearing.
2 min read · 22 January 2013
Sir David Walker, the man who has been tasked with improving transparency in UK private equity, has defended his independent status to the Treasury Select Committee and outlined some of the specific guidelines he intends to recommend to the industry.
2 min read · 22 January 2013
Singapore’s real estate investment arm has teamed with Colonial First State Property Trust Property Trust and the Myer family to acquire the Myer shopping complex in downtown Melbourne for A$1.1bn.
1 min read · 22 January 2013
The Italian real estate investment firm has teamed with Unicredit Bank to create two new regional branches that will target residential development projects.
2 min read · 22 January 2013
