The Los Angeles-based distressed specialist sold the historic Curtis Center along the city’s Independence Mall for $94m to a local property investor.
2 min read · 23 January 2013
The private equity real estate arm of the global investment bank has formed a joint venture with the real estate subsidiary of Duke Energy with plans to expand the business across the US.
2 min read · 23 January 2013
In its second hotel deal this week, the private equity real estate arm of JE Robert Companies has sold the only four-star property near O’Hare International Airport for $125m.
2 min read · 23 January 2013
The French hotel group’s announcement to sell off hundreds of hotels is likely to appeal to private equity firms and other real estate investors.
2 min read · 23 January 2013
A candid conversation with Earvin “Magic” Johnson, the former NBA star who has become one of the most visible private equity real estate investors in urban America.
2 min read · 23 January 2013
Activity on the ski slopes is heating up as Fortress and Starwood make moves in the sector. Has the time come for a ski resort play?
2 min read · 23 January 2013
The board of the Australian retailer has rejected the $12bn offer from a consortium of private equity firms including KKR, Blackstone and Bain Capital.
2 min read · 23 January 2013
The latest transaction marks the tenth hotel deal in which the McLean, Virginia-based real estate investor has joined with Denver-based Sage Hospitality Resources.
2 min read · 23 January 2013
The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.
2 min read · 23 January 2013
Founded in 2003 by former executives of Franchise Finance Corporation of America, Spirit Finance is a publicly listed REIT focused on sale-leasebacks for the retail, service and distribution industries. With balance sheet assets of approximately $2.5 billion, Spirit recently completed the largest retail sale-leaseback ever, the $815 million acquisition of the real estate assets of ShopKo, the retailer recently acquired by Sun Capital Partners. Here, Christopher Volk talks about the ShopKo deal, the economic environment for retailers and why corporate capital efficiency may be the next big wave in corporate America.
4 min read · 23 January 2013
