PERE talks to industry headhunters about what it takes to become the next Sam Zell. They argue that firms are demanding a new set of expertise as they turn the corner and try to put the economic crisis in the rear view mirror.
2 min read · 24 January 2013
The Cleveland-based advisory and investment management group has followed up the hires of Nick Cooper and Nicholas Wong with the appointment of ING Real Estate Select’s CIO Damien Smith.
2 min read · 24 January 2013
The firm will invest a reported $15m of new capital into an office complex located in the heart of downtown Seattle to ensure ‘a firm financial footing’ until 2017 when the debt is set to mature.
2 min read · 24 January 2013
Since handing back the keys to the New York multifamily complex, Stuyvesant Town and Peter Cooper Village, Tishman Speyer has remained active, completing workouts, raising capital and looking for new deals.
2 min read · 24 January 2013
The fragile nature of the relationship between firms and public pensions was highlighted recently by two events – an SEC ban on unregistered placement agents, and a controversial speech given by a Blackstone executive. Christopher Witkowsky explores.
3 min read · 24 January 2013
The New York-based firm has acquired the US’ second largest special servicer from Otéra Capital for an undisclosed sum. Apollo Global and Centerbridge were also reportedly in the running for the company.
3 min read · 24 January 2013
The two investment firms backed a management buyout of First Republic Bank from Bank of America, injecting $1.86bn of fresh equity into the deal. Colony’s stake is believed to be under 24.9%.
2 min read · 24 January 2013
Will the US Congress’ calls for strict limits on bank co-investment in captive private equity real estate funds encourage financial institutions to leave the industry?
3 min read · 24 January 2013
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.
2 min read · 24 January 2013
The former vice-presidential contender tries to win over retail pros in Vegas admitting she doesn’t care to shop. PERE Magazine July/August 2010 issue
2 min read · 24 January 2013
