Vornado has finally won approval to demolish the New York hotel that inspired the famed “Pennsylvania 6-5,000” song. PERE Magazine October 2010 issue
2 min read · 24 January 2013
Private equity firms are doing more in Europe than simply looking to buy loan portfolios from financial institutions – they want to buy whole banks. By Robin Marriott.
3 min read · 24 January 2013
The National Pension Service of Korea, the $270 billion pension fund, reportedly informed Dow Jones it was to commit $400m to a separate account mandate awarded to Pramerica Real Estate Investors. PERE revealed the appointment last month.
1 min read · 24 January 2013
The firm will reportedly pay $200m for a 40% stake in Sao Paulo-based Patria Investments, with which Blackstone has had a strategic alliance since 2004.
1 min read · 24 January 2013
Denver-based hotel and leisure investment firm KSL Capital Partners has hit the fundraising trail on its third fund, KSL Capital Partners III, for which it is aiming to attract $1.5bn in capital commitments.
1 min read · 24 January 2013
In a recent meeting, a San Diego pension offered a rare glimpse at internal rates of return and performances of two heavy-hitting infrastructure investors – Global Infrastructure Partners and Macquarie Infrastructure Partners.
3 min read · 24 January 2013
US banks are currently sitting on billions of dollars worth of souring real estate loans. What for? According to Sam Zell, to stay alive banks and other real estate owners needs to come clean about their problems. By Zoe Hughes.
3 min read · 24 January 2013
Stephen Moseley, a former co-president of advisory firm PCG Capital Partners, is suing his former employer for 'fraudulent business practices'.
3 min read · 24 January 2013
Timothy Grady, the real estate veteran responsible for launching and growing Merrill Lynch’s private equity real estate platform in Asia, has joined Mark McGoldrick’s Mount Kellett Capital Management as a managing director.
2 min read · 24 January 2013
Cleveland-based advisory and investment management firm, The Townsend Group, becomes the latest beneficiary of the National Pension Service of Korea’s strategy of increasing its international real estate exposure.
1 min read · 24 January 2013
