The 500,000-square-foot development at One Channel Center is expected to cost roughly $225 million. Financial services firm State Street has agreed to occupy the entire property.
1 min read · 17 January 2013
Joe Azelby, a one-time professional American football player, has built JPMorgan’s core US real estate platform into a global real assets business with $60 billion under management. In an interview with PERE, he explains why he is a fan of diversity, why investors need to change their attitude towards allocation and why he ultimately is glad that his football career was short. By Robin Marriott. PERE Magazine June 2012 issue.
10 min read · 17 January 2013
The New York-based investment manager’s global head of real estate says the firm, which has been pursuing high-yield investments in real estate debt and US housing, is exploring the launch of a senior lending platform in Europe.
3 min read · 17 January 2013
PERE’s headline interview with Royal Bank of Scotland, screened at the PERE Summit Europe 2012 in June, became a major topic of discussion throughout the event. Here you can watch the interview broken down question by question.
2 min read · 17 January 2013
The chief executive of the Sorgente Group says he wants the London property market to ‘sit up and take notice’ of its arrival as the Rome-based asset manager acquires Queensberry House on behalf of its semi-closed ended, Donatello Fund.
3 min read · 17 January 2013
On the sidelines of last week’s PERE Summit: Europe in London, PERE heard from Russell Jewell, AEW Europe’s head of private equity funds, on why its important for investors to allow their managers keep some flexibility.
2 min read · 17 January 2013
The San Francisco-based firm is seeking up to $500 million to invest in nonperforming residential and mixed-use real estate primarily in California, Arizona, Florida, Nevada and Texas. Encore Housing Opportunity Fund II will follow the same strategy as Fund I but with an expanded reach.
2 min read · 17 January 2013
The Houston-based real estate firm, on behalf of its Hines US Office Value Added Fund, has sold the Mountain View Corporate Center in the Denver area to the Westfield Company.
1 min read · 17 January 2013
Mark Newman, founder of Broadcliff Capital Partners and chairman of last week’s PERE Summit: Europe, told PERE in a video interview that Europe’s macroeconomic headwinds were beyond cyclical. Nevertheless, private equity real estate was still a viable investing route for investors, he said.
2 min read · 17 January 2013
The purchase of 555 Mission Street from Tishman Speyer marks the first US purchase by the German fund manager in four years.
1 min read · 17 January 2013
