The New York-based real estate firm has brought on Matthew Delicata from London-based Patron Capital to bolster its planned distress real estate fund team. The fund is expected to focus on the five boroughs of New York. King Penguin has also hired former Carlton Group professional, Garett Pelton.
1 min read · 21 January 2013
Chris Macke, former GE Real Estate vice president, has set up his own firm, General Equity Real Estate, to target single-tenant commercial properties. He will be joined by other GE Real Estate net lease professionals in the near future.
1 min read · 21 January 2013
The Los Angeles-based private equity real estate firm is considering a possible investment in the City Center project, according to sources. Colony is trying to help ‘both sides’ resolve the project’s problems.
2 min read · 21 January 2013
New guidelines announced by the Financial Accounting Standards Board, in response to recent pressure amid increasing write-downs and stock drops, will give GPs more room to manoeuvre in pricing investments.
2 min read · 21 January 2013
ING Real Estate Select has appointed Ivo de Wit as global portfolio manager to cope with “new global business” across its multi-manager platform. de Wit previously held the same position within the global executive team at ING Real Estate.
1 min read · 21 January 2013
At a special breakfast meeting, PERE assembled a cross-section of industry participants to swap notes on MIPIM and their businesses. By Robin Marriott and Jonathan Brasse. PERE Magazine, April 2009 issue
8 min read · 21 January 2013
The Las Vegas-based real estate investment firm is raising its debut fund to take advantage of a short-lived period during which homebuilders are unloading properties at deep discounts. The firm says it plans to take advantage of a tax rebate window. The fund will have a lock-in period of just one year after the final close.
2 min read · 21 January 2013
The Darien, Connecticut-based funds of funds manager has closed its third property vehicle on $146.5m and its fifth private equity fund on $1.05bn.
1 min read · 21 January 2013
The Swiss alternatives firm plans to augment its fund of funds platform by assuming management of HRJ’s $2bn in assets. The US fund of funds was reportedly burned by its over-commitment strategy last year, causing it to breach debt covenants and seek stake sales for uncalled commitments.
2 min read · 21 January 2013
The $850m police and fire pension fund aims to take advantage of discounted US property prices by increasing its allocation to the sector from 10 percent to 20 percent. In submitting a bill to Florida lawmakers, Jacksonville hopes to grow its real estate portfolio to $170m.
1 min read · 21 January 2013
