Robert Zerbst will step down from the real estate investment firm at the end of the year after more than a decade with CBRE. He will continue as advisor to CEO Vance Maddocks. Zerbst founded Peidmont Realty and was a former partner at RREEF.
1 min read · 22 January 2013
An affiliate of the Washington DC-based private equity real estate firm has unveiled PRC Securities, which will raise funds for Perseus Realty and third party real estate vehicles targeting the middle market.
2 min read · 22 January 2013
A survey of UK pension fund trustees has found that more than a quarter are planning to increase allocations to commercial real estate, while around half will maintain their exposure over the medium term.
3 min read · 22 January 2013
The world’s sovereign wealth funds are expected to allocate up to 30 percent, or around $218 billion, of new investments in unlisted property funds over the next seven years, according to a report by CB Richard Ellis. It comes as Bahrain-based Investcorp launches a $1bn real estate debt vehicle with an unnamed Gulf sovereign wealth fund as an investor.
2 min read · 22 January 2013
Six out of 10 commercial real estate executives believe the credit crisis has now had a greater impact on the real estate industry than during the crisis of the late 1980s, early 1990s. Just 10 percent are ‘bullish’ on the opportunities created by the distress, most attracted to multifamily.
2 min read · 22 January 2013
The $80.1bn Washington State Investment Board has approved $1.7bn in commitments, including $900m to two RE funds. The pension also committed $600m to private equity funds and $250m to infrastructure and commodities.
2 min read · 22 January 2013
Real estate GPs know that chaos breeds opportunity as well as loss.
2 min read · 22 January 2013
The public private partnership represents the largest development of schools in Canadian history and the second such project for Babcock & Brown Public Partnerships in that country. The fund has a 75 percent equity stake in the 32 year design, build, finance and maintain contract.
3 min read · 22 January 2013
The UK asset manager continues to beef up its operation with the appointment of James Buckley as head of its Asia fund of funds.
1 min read · 22 January 2013
The New York-based private equity real estate firm is selling two Boston office buildings acquired through its Brickman Real Estate Fund II.
1 min read · 22 January 2013
