A joint venture between the $320 billion Korean pension plan and the New York-based developer and fund manager has purchased the majority ownership interest in 16 office properties in the US, following the privatisation of the Tishman Speyer Office Fund.
1 min read · 17 January 2013
Westport Capital Partner Fund III has closed on more than $571 million in equity commitments, or 15 percent above its target. The value-added vehicle will focus on distressed opportunities throughout the US, including distressed debt and real assets.
1 min read · 17 January 2013
Through a joint venture with a local real estate developer, the New York-based real estate investment manager has purchased a downtown Seattle office building for $137 million.
2 min read · 17 January 2013
One of Canada’s largest pension funds has made an indicative offer to buy Goals Soccer Centres with its compliment of 42 sites.
2 min read · 17 January 2013
The New York-based private real estate investment firm, led by former Blackstone Real Estate Advisors chief executive John Kukral, has set up shop in Los Angeles as it pursues more investments on the West Coast.
2 min read · 17 January 2013
AG Realty Fund VIII and AG Core Plus Realty Fund III have closed on $1.27 billion and $1 billion, respectively.
2 min read · 17 January 2013
The US Securities and Exchange Commission has received nearly twice as many registration applications than previously projected as firms scrambled to register by today's deadline.
2 min read · 17 January 2013
The European Commission has revised its conditions imposed on Germany’s Commerzbank with regard to its property lending unit Eurohypo. Instead of selling off the subsidiary and its €67 billion loan book, the bank will now be wound down and its assets separated into three divisions.
3 min read · 17 January 2013
The investment bank’s private equity real estate platform is expected to raise a sequel fund to its 2008, $2.6bn GS Real Estate Mezzanine Partners that would target both US and European opportunities.
3 min read · 17 January 2013
The Chicago-based firm has acquired an equity interest in Grupo Thá, a family-run homebuilder focused on the southern part of Brazil.
2 min read · 17 January 2013
