The Beverly Hills, California-based global real estate investment firm has agreed to sell its common stock at $10.70 per share to two global institutional investors to fund future investments.
1 min read · 18 January 2013
The New York-based private equity giant has hired Dmitry Kushaev to help launch its real estate investing efforts in Russia.
1 min read · 18 January 2013
James Jakeman, previously at Lehman Brothers where he was an executive director, has become head of UK real estate structured finance at French bank, Société Générale.
2 min read · 18 January 2013
Private equity firms active in the UK have gained vital clarity on their responsibilities in the government’s battle against corruption. Many of their liabilities will extend to portfolio company level under the UK Bribery Act set to enter force in July.
2 min read · 18 January 2013
Ernst & Young has been appointed receiver to a £1bn portfolio of Marriott hotels in the UK bought by Quinlan Private and clients of Israeli investor, Igal Ahouvi Group, in 2007.
2 min read · 18 January 2013
The Los Angeles firm that is enlarging via the acquisition of ING Real Estate Investment Management has appointed Cédric Engel and Loïc Cohen to enhance its value-added investment capabilities in Europe. Jean Lamothe, president of CBRE Investors in Europe, calls them 'tremendous additions'.
2 min read · 18 January 2013
The German business of Henderson Global Investors has raised €130 million in equity for its second Austria-focused property fund. The firm now plans to begin deploying the capital in core to core-plus retail and office properties.
2 min read · 18 January 2013
Creditors for the North Carolina-based hotel chain are claiming the firms inflated the sales price of the company in the 2007 buyout, leaving the company insolvent.
2 min read · 18 January 2013
Blackstone’s barracking over its investment into Southern Cross demonstrates that firms will have to be careful in their future real estate dealings.
3 min read · 18 January 2013
The start-up firm run by Ric Lewis has brought forward a first close for Curzon Capital Partners III as it hones in on 5 European deals during a time when spreads between core-plus and value-added yields are at ‘a cyclical high’.
2 min read · 18 January 2013
