The Pennsylvania-based fund of funds has raised more than $75m for the fund, Penn Square Global Real Estate Fund II, according to regulatory filings this week. The firm’s first fund closed last year on $231m.
1 min read · 21 January 2013
The privately held investment company focused on real estate related businesses operating outside of the US, has reduced its stake in BR Malls in order to pay down debt used in its original investment in the company.
2 min read · 21 January 2013
The Toronto Stock Exchange-listed asset manager bought Loews Cineplex in 2002 and sold most of the business to Bain, Carlyle and Spectrum Equity Investors in 2004. It has now sold the remaining Galaxy portion of the business.
2 min read · 21 January 2013
While office occupancy costs dropped in most of the world, The Middle East and Africa as well as Central and Eastern Europe saw cost per workspace per annum increase by 28% and 11% respectively in 2008.
2 min read · 21 January 2013
The distressed investment specialist is surrendering all its stock in Thornburg Mortgage and has resigned its board seats. The residential mortgage lender has been given a grace period by lenders to come up with a restructuring plan.
2 min read · 21 January 2013
The real estate investment firm co-founded by Sam Zell and Gary Garrabrant has purchased 20m shares of Sao Paolo-based Construtora Tenda after Equity’s portfolio company Gafisa took a 60% ownership stake last year.
2 min read · 21 January 2013
Industrial markets in North America, Western Europe and export-led economies are in for a difficult 2009, according to Cushman & Wakefield. However, emerging markets fared better, with rents in Rio de Janeiro rising by a staggering 46%.
2 min read · 21 January 2013
The Chinese brokerage house and the US boutique investment bank are teaming up as CSI Partners to raise $500m for a China-focused growth capital fund. Former Bear Stearns Asia chairman Donald Tang will lead the firm, which will also advise on cross-border M&A.
2 min read · 21 January 2013
The Caribbean & Latin America Real Estate Fund will focus on distressed opportunities and development with a primary focus on the Dominican Republic, Puerto Rico, Antigua and Barbuda.
1 min read · 21 January 2013
The $500m private equity fund will support the development of transport, energy and other infrastructure projects in the Latin American country. Ashmore, local partner Inverlink and technical adviser Macquarie have agreed to invest in the fund.
1 min read · 21 January 2013
