Colony Capital and Fertitta Gaming have teamed up with some Station Casino lenders to put forward a reorganisation plan for the bankrupt casino operator. Colony and Fertitta led a $5.4bn buyout of Station Casinos in 2007.
2 min read · 24 January 2013
The $132bn California State Teachers' Retirement System named Diloshini Seneviratne, a senior investment officer on its private equity team, as its first portfolio manager for infrastructure.
3 min read · 24 January 2013
The Carlyle Group, together with partners Crown Acquisitions and the Kushner Company, have leased 90,000 sq. ft of space at 666 Fifth Avenue for more than $300m.
2 min read · 24 January 2013
In a sign that debt markets are easing, the Los Angeles-based real estate investment firm has secured a $44m first mortgage on a $71m office from debt-investor Mesa West. However, in a break from the norm, the five-year floating rate loan can be paid off after just two years.
2 min read · 24 January 2013
The Health Care and Education Affordability Reconciliation Act of 2010, which President Obama signed into law 30 March, includes Medicare tax provisions that will negatively impact fund managers and investors.
2 min read · 24 January 2013
Bankrupt REIT General Growth Properties is reportedly expecting Brookfield Asset Management to come up with a better recapitalisation plan for the US mall owner, after Simon Property Group introduced a rival offer with more ‘favourable’ terms.
2 min read · 24 January 2013
The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on existing and new investments Apollo manages solely on behalf of the California pension.
2 min read · 24 January 2013
It has been repeatedly said that commercial real estate will be the next shoe to drop in the US. But thanks to a lack of transactions and a wall of uninvested equity, speculation is mounting that it has already happened. By Zoe Hughes
3 min read · 24 January 2013
Both Morgan Stanley and Goldman Sachs have been publicly shamed this week by national newspaper reports over the performance of a real estate fund. But the negative PR is unlikely to be a killer blow for either of them.
3 min read · 24 January 2013
Debt availability in the US is starting to return to real estate markets, and ‘given enough time’ will ‘return at much higher levels’ than seen in 2007, Beacon Capital’s Alan Leventhal told the ULI spring conference.
2 min read · 24 January 2013
