Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.
2 min read · 21 January 2013
Voting is now open for the fourth annual readers’ poll hosted by PERENews.com and PERE magazine. Who will clinch industry figure of the year? Which firm mattered the most in 2009?
2 min read · 21 January 2013
Buyers from the US, Lebanon, Oman, Korea, Libya and Ireland are among the cast of non UK players that make up the vast majority of those currently investing in real estate in central London.
1 min read · 21 January 2013
The alternative asset manager is the latest firm to hold a first close on its PPIP fund, reportedly raising $400m. Oaktree is the only manager yet to announce a first close.
2 min read · 21 January 2013
The New York-based firm has formed a $108m joint venture with Kennedy Wilson to target debt and equity interests in residential condo projects.
2 min read · 21 January 2013
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was secured by 28 assets. The REIT says it will continue to access ‘long-term capital to retire short-term debt’.
2 min read · 21 January 2013
Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.
2 min read · 21 January 2013
The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.
2 min read · 21 January 2013
Devin Murphy has re-emerged at Morgan Stanley’s real estate investment banking division after 20 months with Coventry Real Estate Advisors. The bank says it is “bullish” about real estate investment banking opportunities.
1 min read · 21 January 2013
In its Outlook 2010 briefing, UK-listed asset manager Aberdeen Asset Management, says given the rise of equities this year and general continued economic uncertainly, a ‘degree of diversification’ into real estate markets seems to be an attractive proposition.
2 min read · 21 January 2013
