From Berlin to New York City, car elevators and electronic parking garages have sprouted up in high-end residential developments.
2 min read · 22 January 2013
A New York Times editorial today decried the ‘wasteful gamesmanship’ that it claimed results from the low capital gains tax currently enjoyed by US general partners.
2 min read · 22 January 2013
A former investment officer with the largest pension fund in the US is joining Franklin Templeton to scout property investments in Asia.
2 min read · 22 January 2013
The Fortress-controlled entity is selling the 78 “non-core” properties as it concentrates on the major real estate markets in Germany.
2 min read · 22 January 2013
Fresh from its $39 billion take-private of Equity Office Properties, Blackstone becomes the world’s second largest operator of tourist attractions and theme parks with a £1 billion deal to buy The Tussauds Group.
2 min read · 22 January 2013
The investment bank has invested in retail and residential developer RBI Holdings, which has already formed a separate $500m joint venture with RREEF, as Morgan Stanley marks its first property investment in St. Petersburg.
2 min read · 22 January 2013
J. Michael O’Brien is joining the alternatives firm to oversee its property investments on the East Coast.
2 min read · 22 January 2013
Details of Blackstone’s IPO filing show, among many other things, that real estate investment is outperforming its core private equity business.
5 min read · 22 January 2013
The French quoted investment group with €6 billion under management has rationalised its business and sold its non-core interests in venture capital and real estate for $214 million to US insurer AIG.
2 min read · 22 January 2013
The Blackstone Group is reportedly close to filing for an initial public offering of the firm just weeks after Steven Schwarzman dismissed the public markets as a source of capital for buyout fundraising.
2 min read · 22 January 2013
