The New York-based private equity and real estate giant has signed a deal to purchase Devonshire Square, a 12-building office and retail complex, from ADIA and Rockpoint.
1 min read · 17 January 2013
The Stockholm-based firm reveals it has raised its largest Nordic opportunistic fund since it started in 1998, despite the ‘challenging’ fundraising environment, smashing its original €600m target.
2 min read · 17 January 2013
The two firms are purchasing separate aspects of a retail and office property in Manhattan for a total of $325 million. Starwood will acquire the building for $175 million, while New York Life will buy the ground beneath the building for $150 million.
2 min read · 17 January 2013
The Land of Enchantment’s $15 billion endowment has made contributions to Clarion’s Lion Industrial Trust and Prudential’s PRISA as part of a strategy to move away from opportunistic investments and more toward income-producing ones.
2 min read · 17 January 2013
The investment management subsidiary of the US insurer has set aside an initial pool of $100 million to establish a programme to support real estate and private equity firms with strong women and minority participation as part of an overall companywide diversity initiative.
2 min read · 17 January 2013
Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.
3 min read · 17 January 2013
A joint venture between the New York-based fund manager and Four Corners Partners has purchased a former shopping centre-turned-office campus for $90 million from William Lyon Homes. The venture plans to renovate the property into Class A offices.
3 min read · 17 January 2013
The firm's initial public offering debuted at $22 per share, below its low-end expectation of $23 per share. The firm raised $671 million in the offering.
2 min read · 17 January 2013
The New York-based private equity real estate firm has raised 75 percent of its $2 billion target for its global value-added real estate fund, Westbrook Real Estate Fund IX. The capital thus far has come from more than 40 US institutions.
2 min read · 17 January 2013
The Los Angeles-based real estate fund manager’s investment in a new low- and middle-income housing platform targeting the São Paulo metropolitan area represents the firm’s seventh housing joint venture in Latin America in the past year.
2 min read · 17 January 2013
