The Los Angeles-based firm has bought two portfolios comprising 1,500 loans and with an unpaid principal balance of $817m for 24 cents on the dollar. The deal marks the firm’s fifth FDIC structured loan acquisition.
2 min read · 18 January 2013
The two listed industrial developers-cum-fund managers are in talks about merging, in a deal that could create a $14bn REIT. Together AMB and ProLogis manage 20 private funds.
3 min read · 18 January 2013
The two New York-based fund managers have agreed a deal that sees Tishman buy the two-building headquarters for $65m for its $1bn Fund VII. Tishman plans to spend around $23m on upgrades.
2 min read · 18 January 2013
The $226bn California Public Employees’ Retirement System has indicated it will take less risk with its future real estate investments but it would still commit up to $2bn to the sector in 2011, according to a report by the Wall Street Journal.
2 min read · 18 January 2013
Buying ING REIM would make CBRE Investors, led by Matt Khourie, the largest property management firm in the world – but not the largest opportunity fund manager globally.
4 min read · 18 January 2013
Led by former Investcorp co-head John Fraser, the group will target US opportunistic deals.
1 min read · 18 January 2013
The Hong Kong private equity real estate firm has attracted a further $50m to its $373.5 million Gateway China Real Estate Fund III. The fund’s focus is on Greater China although the vehicle does have an allocation to Southeast Asia also.
2 min read · 18 January 2013
With just under four days of voting left to go, industry executives are voting on the deal strategy of 2010: recaps or platform takeovers
2 min read · 18 January 2013
Evan Bayh, the former US Senator from Indiana, will join the firm as Apollo prepares to go public.
2 min read · 18 January 2013
The SEC lacks the manpower and expertise to monitor private equity and real estate firms, former SEC chairman Harvey Pitt told delegates at a recent conference.
3 min read · 18 January 2013
