As a kick-back scandal involving several public pensions grows in the US, LACERS is the latest pension to draft a disclosure policy for placement agents and other third-party marketers.
3 min read · 21 January 2013
Though demand by occupiers for commercial space is diminishing because of weakening economies, more than 2m sq. m of office space was completed in Europe in the first quarter of the year – one of the highest levels ever recorded, according to Jones Lang LaSalle.
1 min read · 21 January 2013
Despite few properties trading hands in the capital, Monday Properties CEO Anthony Westreich says cap rates in Washington DC are above their historical trends suggesting the metro office market may have repriced too far. Washington DC, he says, is the "best" market in the US.
2 min read · 21 January 2013
The largest pension in the US has charged its staff with creating a disclosure policy for placement agents and their fees after it was revealed that CalPERS has ties to a kick-back scandal involving the New York State Common Retirement Fund.
3 min read · 21 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 21 January 2013
The Teacher Retirement System of Texas is set to commit up to $2bn in capital to real estate in an effort to close the 6% gap between its actual and target allocations.
2 min read · 21 January 2013
The placement agent, co-founded by AVP executives Vicky Schiff and Peter Borges, paid ‘consulting’ fees to the firm run by Henry Morris. Morris is now under investigation as part of the growing kick-back scandal involving the New York State Common Retirement Fund.
2 min read · 21 January 2013
The European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board, as one of the existing founders, Morgan Stanley’s Jan-Willem de Geus, relocates to Singapore.
1 min read · 21 January 2013
Daniel Cummings, formerly of The Carlyle Group and LaSalle Investment Management, will reportedly take over as managing director of real estate investment for Harvard University’s endowment. The position has been vacant since 2007.
2 min read · 21 January 2013
Private equity real estate firm Paladin Realty Partners has partnered with a Brazilian developer to develop up to 3,000 affordable housing units.
1 min read · 21 January 2013
