A bright spot in disappointing fourth quarter results as New York REIT, Vornado Realty Trust, says it has $416m of unfunded commitments left of its $800m private equity real estate fund, Vornado Capital Partners.
3 min read · 17 January 2013
London-based Tristan has closed its debut core-plus fund on €420m of commitments, deciding to end its marketing efforts below a €500m hard cap in order to focus on its pipeline and manage its existing portfolio.
2 min read · 17 January 2013
John Gray of New York’s Blackstone Group has been promoted to the main board of directors. His ascension to the top table comes shortly after he became sole head of the firm’s real estate platform.
2 min read · 17 January 2013
The joint venture that owns Legacy Town Center in Plano, Texas is under contract to sell the three-building complex to KBS REIT III for $113 million.
1 min read · 17 January 2013
Seven quips from our annual PERE Summit: Asia, which took place this week against a backdrop of the Eurozone crisis and general macroeconomic turbulence.
3 min read · 17 January 2013
The New York-based private equity and real estate giant has clinched an additional $4 billion in commitments since January and is expected to raise a total of $12 billion by year’s end.
2 min read · 17 January 2013
Private equity interest in high-end London residential projects continues as The Carlyle Group acquires a 250 year head lease to a central London block.
3 min read · 17 January 2013
The $110 billion state pension plan has committed $15 million apiece to Admiral Capital and CityView’s latest funds on behalf of its emerging manager programme. The pension plan also has committed $50 million to a fund by Hawkeye Partners that provides seed money to emerging managers.
2 min read · 17 January 2013
The Chicago-based REIT has been given an extended deadline of 19 April to buy the remaining 26.5 percent stake in Archstone from Bank of America and Barclays for an increased price of $1.5bn after its initial bid was shut out by Lehman Brothers.
3 min read · 17 January 2013
Occupy Wall Street protestors have submitted a detailed response to the Volcker Rule, arguing for stricter relationships between banks and private equity firms.
2 min read · 17 January 2013
