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
Fund of funds platform hires senior Grosvenor man in Asia to help it expand its operations in the region.
1 min read · 18 January 2013
Public documents of The Pennsylvania Public School Employees’ Retirement System reveal commitments totalling $500 million to the next private equity real estate funds of titans Blackstone and Carlyle. PSERS also revealed the current performances of the latest funds to be closed by each firm.
2 min read · 18 January 2013
The Toronto asset manager has held a second close for its 12th residential development fund. The C$70 million closing doubles total commitments to date to C$140 million.
2 min read · 18 January 2013
The US Securities and Exchange Commission has scheduled a meeting for 22 June to consider extending the SEC registration deadline and to adopt final rules.
2 min read · 18 January 2013
Ted Leary, founder and president of advisory firm Crosswater Realty Advisors, told PERE how nervous US institutions have become about investing their capital into European real estate markets.
1 min read · 18 January 2013
JPMorgan’s new opportunistic real estate platform, Junius Real Estate Partners, has hired Rich Gomel, who most recently oversaw Starwood’s hotel investments and $1bn hospitality fund.
1 min read · 18 January 2013
The apartment REIT has approached Blackstone, TPG and Vornado to buy its assets, as the three banks that own the REIT try to recover some of their loan losses.
2 min read · 18 January 2013
Chad Pike, senior managing director and co-head of real estate at The Blackstone Group, said a ‘long, steady flow of deals was inevitable’, as he revealed the firm was about to close on a deal in Germany that went into bankruptcy in 2008.
2 min read · 18 January 2013
