The Washington DC-based firm, which is targeting $400m for its US government-focused real estate fund, has promoted Andrew Pulliam. The fund held a $100m first close in July.
1 min read · 24 January 2013
The mortgage REIT eyes a repeat of its recent Extended Stay mezz deal, with president Richard Saltzman saying it would pursue debt opportunities ‘where the air is thinner’ and where less capital was chasing transactions.
2 min read · 24 January 2013
After a $6.8bn recapitalisation involving Brookfield, Pershing Square, Fairholme, Blackstone and Texas Teachers, GGP will relist on the New York Stock Exchange with plans to sell up to 155m new shares.
2 min read · 24 January 2013
Starwood founder Barry Sternlicht has warned that in the search for yield in the US, some lenders are returning to the days of 2007 and 2008 and failing to underwrite actual cash flows.
2 min read · 24 January 2013
Singapore-listed development and fund management firm Banyan Tree has raised RMB 953 million for its first China hospitality and resorts fund. The firm aims to hold a final closing for the six-year vehicle in January.
2 min read · 24 January 2013
Roughly 20 months after buying the office portion of 1540 Broadway for $355m, CBRE Investors has sold a 49% stake in the property to Edge Fund Advisers and HSBC. The deal values the tower at $520m – almost half the price paid by Harry Macklowe in 2007.
1 min read · 24 January 2013
The firm has hired Michael Arpey as a managing director responsible for coordination of investor relations, new fund formation and the development of new investor products.
2 min read · 24 January 2013
Asset sales continue as loss-making US insurance giant AIG prepares to offload its Asia private equity real estate business to sole remaining bidder, Invesco Real Estate.
3 min read · 24 January 2013
The London-based private equity firm has acquired Vue Entertainment and its 68 outlets
1 min read · 24 January 2013
Investors are starting to eye selling and buying properties, but seven out of 10 have little appetite for cross-border deals. Only Europeans are bucking the trend, according to a report.
2 min read · 24 January 2013
