Australia’s Macquarie Group is to increase its real estate capital raising capabilities through the takeover of Presidio Partners, the San Francisco and Chicago-based advisory practice. The transaction is expected to close in the fourth quarter this year.
2 min read · 24 January 2013
Chicago-based Harrison Street has brought its fundraising total for its latest private equity real estate fund to $330m. The education, healthcare and storage real estate-focussed firm has held a second close and is hoping to corral a total of $500m for the vehicle.
1 min read · 24 January 2013
Investors eyeing the US should not expect outsized performance in the asset class, amid warnings a lackluster jobs market will dampen the country’s overall economic recovery.
2 min read · 24 January 2013
John Klopp and Olivier de Poulpiquet become both joint CEO’s and CIO’s of Morgan Stanley Real Estate Investing, the real estate investment business of Wall Street bank Morgan Stanley. Both were recruited for other roles by the bank earlier this year.
2 min read · 24 January 2013
The European team in charge of Bank of America Merrill Lynch’s European private equity real estate platform has bought out its GP interests and has launched new shop, Peakside Capital.
2 min read · 24 January 2013
The directive – which could drastically impact non-EU managers – is in final stages of negotiations, according to the EU's markets commissioner.
3 min read · 24 January 2013
If non-European real estate fund managers think the union's AIFM directive has nothing to do with them, think again. After stalling over the summer, the directive is in the final stages of negotiations.
2 min read · 24 January 2013
In restructuring the leadership of the Atlanta-based development and investment firm, the founders of Portman Holdings have promoted Baisiwala to CEO and Richard Jones to COO.
1 min read · 24 January 2013
The US arm of the Russian development firm has spun out as Corigin. The firm will continue to invest in student housing and multifamily assets in the New York metropolitan and South Florida regions.
2 min read · 24 January 2013
The firm has named former partner at Pegasus Capital Rodney Cohen as head of its new US Equity Opportunity team, which will specialise in investments of up to $150m.
1 min read · 24 January 2013
