In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
3 min read · 18 January 2013
With yields for trophy properties having fallen to low levels, investors should be shifting their focus to non-core real estate assets and markets where capital is scarce, according to new investment recommendations by the Swiss firm.
2 min read · 18 January 2013
The Blackstone Group, Centerbridge Capital Partners, Lone Star Funds, TPG Capital, Lubert-Adler Partners, Cerberus Capital Management and Colony Capital are among the bidders to have met the 9 August first bids deadline.
2 min read · 18 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
Listed private equity firms were walloped in last week’s brutal hammering of public markets across the globe, with some analysts wary about the volatility of the sector.
2 min read · 18 January 2013
As world markets tumble, one firm in Saudi Arabia believes now is the right time to break ground on the world’s first 1km tower.
3 min read · 18 January 2013
A consortium led by the New York-based fund manager bought a 25% stake in a $139m portfolio of predominantly nonperforming loans for 43 cents on the dollar. Another consortium of investors, including Oaktree, acquired a separate FDIC portfolio of 116 Colorado loans for 65 on the dollar.
2 min read · 18 January 2013
The San Francisco-based investment company, through a joint venture with Worthe Real Estate, has acquired a 20-acre development site in Southern California on behalf of its ninth real estate fund. Separately, Shorenstein has added a new member to its transactions team.
2 min read · 18 January 2013
Fortress principals Wesley Edens, Peter Briger, Robert Kauffman, Randal Nardone and Michael Novogratz have entered into new five-year contracts with the New York alternative investment house, effective January 1, 2012. Their extended employments were announced as Fortress reported ‘off expectations’ second quarter results.
2 min read · 18 January 2013
