The swift negotiations highlight airlines’ changing attitudes toward airport privatisation, which was initially viewed with skepticism at the outset of the Midway Airport privatisation process but is being supported by the carriers who serve Luis Muñoz Marín International Airport in San Juan.
3 min read · 24 January 2013
The $4.7bn global opportunity fund has purchased the restructured mezzanine debt secured by Blackstone’s Hospitality Europe portfolio after the properties’ senior mortgage was renegotiated.
2 min read · 24 January 2013
The bank’s asset management arm is creating a new opportunistic group within Global Real Assets and has tapped Investcorp’s co-head of real estate to lead the effort.
1 min read · 24 January 2013
As Blackstone winds up fundraising for its second special situations fund, the firm begins to look further down the risk spectrum for investments.
3 min read · 24 January 2013
An IRS ruling opened the way for five investors to create first-of-a-kind real estate investment trusts to invest in US electric and gas distribution and transmission networks.
3 min read · 24 January 2013
The estimated $1.1tn of equity sitting on the sidelines of the US real estate market will largely stay put until property fundamentals start to show signs of improving.
3 min read · 24 January 2013
The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.
3 min read · 24 January 2013
There will be five major groups of investors looking to raise some $80 billion for infrastructure in 2011. Where do you fit in, asks Cezary Podkul.
5 min read · 24 January 2013
Apax has reportedly beat out rival private equity consortiums to become the exclusive bidder on the world’s fourth-largest employer, which has grown considerably under private ownership.
2 min read · 24 January 2013
KKR, Vornado have bowed out of the running to buy the real estate investment management platform, as TPG, CBRE, Jones Lang LaSalle and Ares Capital Management make it through to the final round of bidding.
2 min read · 24 January 2013
