The Los Angeles-based firm has created a new position to enlarge its business in Europe by appointing Jean Lamothe as president
2 min read · 24 January 2013
The New York-based firm has acquired two Atlanta multifamily properties, formerly owned by Fairfield Residential, out of foreclosure. Fairfield filed for Chapter 11 bankruptcy protection in 2009.
2 min read · 24 January 2013
Eight months after being selected as the preferred bidder, the real estate arm of Leon Black’s buyout shop has formally taken over the Citi Property Investors platform and funds. Apollo is believed to have paid a ‘nominal’ fee for CPI.
2 min read · 24 January 2013
Two years after the crisis, there are mounting fears that excess debt availability could trigger another credit bubble. Will it end in tragedy this time around as well?
3 min read · 24 January 2013
The Washington DC-based firm, which is targeting $400m for its US government-focused real estate fund, has promoted Andrew Pulliam. The fund held a $100m first close in July.
1 min read · 24 January 2013
The mortgage REIT eyes a repeat of its recent Extended Stay mezz deal, with president Richard Saltzman saying it would pursue debt opportunities ‘where the air is thinner’ and where less capital was chasing transactions.
2 min read · 24 January 2013
After a $6.8bn recapitalisation involving Brookfield, Pershing Square, Fairholme, Blackstone and Texas Teachers, GGP will relist on the New York Stock Exchange with plans to sell up to 155m new shares.
2 min read · 24 January 2013
Starwood founder Barry Sternlicht has warned that in the search for yield in the US, some lenders are returning to the days of 2007 and 2008 and failing to underwrite actual cash flows.
2 min read · 24 January 2013
Singapore-listed development and fund management firm Banyan Tree has raised RMB 953 million for its first China hospitality and resorts fund. The firm aims to hold a final closing for the six-year vehicle in January.
2 min read · 24 January 2013
Roughly 20 months after buying the office portion of 1540 Broadway for $355m, CBRE Investors has sold a 49% stake in the property to Edge Fund Advisers and HSBC. The deal values the tower at $520m – almost half the price paid by Harry Macklowe in 2007.
1 min read · 24 January 2013
