The Connecticut-based placement agent has promoted David Love and Franklyn Chang to lead its efforts in Asia Pacific and Europe, respectively. It has also promoted four other professionals across its Asia and US offices.
2 min read · 21 January 2013
Phillips Edison has traditionally focused on the grocery-anchored shopping sector, however the real estate crisis and the general absence of buyers in today’s markets have allowed the Cincinnati-based firm to target necessity-based retail-anchored sector as well.
2 min read · 21 January 2013
The Boston-based real estate firm expects to formally close the vehicle at the end of the year close to $250m, targeting office, medical office and light industrial in metropolitan areas in the East US.
1 min read · 21 January 2013
The former Trammell Crow veteran will led day-to-day management of the private equity real estate group, reporting to CEO Vance Maddocks.
1 min read · 21 January 2013
Registration as an investment advisor: your clients will demand it; Congress may soon require it. Here's what you should be doing now. By Robert Rabinowitz of Becker & Poliakoff
7 min read · 21 January 2013
The Chicago-based private equity real estate firm has sold 82m shares in Parque Arauco for $65m. Equity International originally paid $50m almost two years ago for a roughly 13% stake in the shopping mall developer.
1 min read · 21 January 2013
The US rental apartment sector is expected to ‘bounce’ along the bottom for another 18 months before rents start to grow and in some cases grow substantially. However some multifamily owners should consider selling now if their assets are not in prime shape and in great locations, Caldera Asset Management tells PERE.
2 min read · 21 January 2013
The US regulator wants to prevent private equity real estate firms from using placement agents when dealing with US public pensions. The agency also wants to eliminate political contributions from the interaction between investment firms and public pension officials, SEC chairwoman Mary Schapiro told Congress.
2 min read · 21 January 2013
The $119bn pension’s new ‘absolute return’ asset class will include infrastructure investments and could lead to a search for a manager to run the investment programme. The move is part of a wider asset allocation shift to be unveiled at its August meeting after CalSTRS saw its portfolio value tumble 25 percent over the last year.
3 min read · 21 January 2013
The New York-based private equity real estate firm has reportedly written down its $1.45bn investment in the hotel chain to just $742m as of the end of 2008. It has also written down investments in casino company Harrah's Entertainment and semi-conductor unit Freescale.
2 min read · 21 January 2013
