The private equity real estate arm of the bankrupt investment bank could be bought out by the management team, including Mark Newman, Brett Bossung and European head Gerald Parkes, according to media reports. In August, Lehman Brothers Real Estate closed its latest global fund on $3.2bn.
1 min read · 22 January 2013
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. Macklowe, Fortress, Morgan Stanley, Aviva and GE are the world's biggest sellers of real estate.
2 min read · 22 January 2013
Apollo Global Management bought a $201m stake in Linens ‘n Things, once the US' second largest housing retailer, in 2006. The firm has told investors the bankruptcy will only minimally affect their returns. More than 370 stores will now be liquidated.
2 min read · 22 January 2013
The private equity firms say the investment comes as 7 Days Inn and other budget chains take market share out of higher-priced hotels in China.
1 min read · 22 January 2013
The coming year could see prices drop in the US by as much as 20 percent next year, according to research by real estate investment firm Blumberg Capital Partners. Buying opportunities exist, CEO Philip Blumberg argued, though the commercial real estate market would not bottom out until mid-2009 or 2010.
1 min read · 22 January 2013
TPG, Alchemy Partners and Permira have all been linked with a possible deal for debt related to Icelandic investor Baugur’s UK retail investments, which include House of Fraser, Debenhams and the iconic toy store, Hamleys.
2 min read · 22 January 2013
Simpson Thacher & Bartlett, the law firm for private equity and real estate heavyweights like Blackstone, KKR and JC Flowers, will guide the government as it spends up to $250bn purchasing equity stakes in banks.
1 min read · 22 January 2013
Following the defection of a senior team to JER, GE Real Estate has redeployed a senior figure in Asia to Central Europe.
1 min read · 22 January 2013
David Snow has some ideas for the US government, now the largest private equity firm in the world.
2 min read · 22 January 2013
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of the Ontario’s Teachers’ Pension Plan and the Canada Pension Plan Investment Board by crossing the pond to source deals.
1 min read · 22 January 2013
