The global asset management and advisory firm aims to ramp up direct investments in Latin America, including clean energy infrastructure deals.
1 min read · 24 January 2013
After being subject to one actual mezzanine foreclosure auction, threatened with two more and ultimately placed into bankruptcy protection, the W Hotel – Union Square will be sold to Host Hotels & Resorts.
2 min read · 24 January 2013
The Los Angeles-based firm teamed up with the Cogsville Group to beat three rivals for the portfolio of 1,660 loans.
2 min read · 24 January 2013
daVinci founder Osamu Kaneko's reign as president has ended as Fortress has bought $230m of its debt, Nikkei reported.
2 min read · 24 January 2013
The nation's two largest public pensions are responding to increased private equity and real estate workloads by adding staff positions to better manage GP relationships.
3 min read · 24 January 2013
Troubled Japanese private equity real estate giant daVinci Holdings has ceded control of its platform to Fortress Investment Group, after the New York-based alternative investment firm bought $230m of its corporate debt. The deal brings the reign of founder Osamu Kaneko as president to an end, Nikkei reported.
2 min read · 24 January 2013
Of the $179bn of assets managed last year by the world’s top 50 infrastructure funds, $109bn – or about 61% – correspond to mandates on behalf of pension funds, reports a survey by Towers Watson and the Financial Times. Macquarie manages the largest amount of pension assets of all alternative asset class managers, at $52bn.
2 min read · 24 January 2013
In the latest sign that the investment banking sector is withdrawing from managing private equity real estate funds, Bank of America Merrill Lynch has agreed a deal to hand over the management of the assets in its $2.65 billion Asian Real Estate Opportunities Fund and other real estate assets to The Blackstone Group.
2 min read · 24 January 2013
As the founder of Colony Capital eyes a potential investment in Hollywood film studio Miramax, he warns about the “disappoint” of real estate as an asset class. Instead, Barrack is looking to the arts for investment opportunities.
3 min read · 24 January 2013
The bankrupt mall REIT expects to exit Chapter 11 in October after agreeing a $8.55bn recapitalisation plan with Brookfield, Pershing Square and Fairholme Capital – and an additional $500m from Texas TRS.
3 min read · 24 January 2013
