Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
3 min read · 18 January 2013
Through its Heitman European Property Partners IV fund, the Chicago-based firm has purchased a Class A office building in Moscow from Capital Partners.
1 min read · 18 January 2013
The $26 billion pension plan’s board has approved a commitment to the Philadelphia-based private equity and mezzanine debt investor's latest high-yield real estate debt fund.
2 min read · 18 January 2013
Pradera follows up plans for an Egyptian retail fund with plans for a fund targeting investments in the Turkish retail real estate sector. The London-based firm has teamed up with Istanbul-based Krea Real Estate to launch the vehicle.
1 min read · 18 January 2013
The Garden State has revealed a resolution to commit $300 million to Blackstone Real Estate Partners VII in a 21 July meeting.
2 min read · 18 January 2013
The fund management arm of London-based Grosvenor has secured a commitment of £190m for a West End office investment programme with a value-added strategy. Grosvenor will invest £10 million into the partnership as well as provide its sourcing and management services.
2 min read · 18 January 2013
US House of Representatives members Jared Polis and Mike Quigley sent a letter to President Obama warning that a tax increase on carried interest could devastate the real estate market.
2 min read · 18 January 2013
An ING senior housing fund has agreed to sell half of its 15-property portfolio to a Canadian REIT for nearly $170 million.
2 min read · 18 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 18 January 2013
Four additional appointments for private equity real estate firm Corestate Capital, including former professionals of Oppenheimer, Morgan Stanley, JER and Hudson Advisors.
1 min read · 18 January 2013
