Alok Gaur, formerly of Credit Suisse Real Estate Private Funds Group and more recently Greenhill & Co, has joined Carlyle in its Washington D.C. headquarters, focussed on investor relations in global real estate.
2 min read · 18 January 2013
Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.
1 min read · 18 January 2013
Nine out of 10 office leases offer free rent concessions with the average concession an estimated 6.8 months, a PwC survey has revealed. It comes as the national cap rate for office properties drops to 7.4%, with cities such as New York falling to 6%.
2 min read · 18 January 2013
The Leon Black-led firm has $10bn of dry powder for private equity investments and has spent about half of its $14.7bn seventh fund, which closed in 2008.
3 min read · 18 January 2013
Jonathan Levin, who was chosen to lead communications with public investors in 2009 as the firm listed on Euronext, is leaving to join hedge fund Grosvenor Capital Management in Chicago.
2 min read · 18 January 2013
The pan-Asia real estate investment management business founded Suchad Chiaranussati, is now more than 75 percent invested in its second opportunity fund, enabling it to begin fundraising on fund three.
1 min read · 18 January 2013
Through a 50-50 joint venture, the two US REITs have merged $400m of debt positions in the $1.3bn New York office property owned by Broadway and Investcorp.
2 min read · 18 January 2013
The unit holders of ING Real Estate Investment Management have approved its sale to an investment club led by Sydney-based Goodman Group. ING REIM has also made ‘significant progress’ in its disposal of four other listed funds with a combined A$4.14bn of assets under management.
2 min read · 18 January 2013
The San Francisco-based logistics developer and fund manager will invest $88m into the venture with HIP China Logistics, a specially created entity backed by international capital.
2 min read · 18 January 2013
The US firm has made its debut investment for its latest hotel fund, with the acquisition of five properties in Munich, Hamburg, Frankfurt, Vienna and Salzburg from operator, NH Hotels.
1 min read · 18 January 2013
