Gordon DuGan, former chief executive, plus three other former senior executives of the New York-based sale and leaseback specialist have formed Northcliffe Asset Management to pursue a similar strategy
2 min read · 24 January 2013
The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.
1 min read · 24 January 2013
Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.
1 min read · 24 January 2013
David Gilbert, the firm’s managing director and portfolio manager, has been named chief investment officer after Jeffrey Barclay (pictured) left to head Goldman Sachs’ expansion into core real estate.
2 min read · 24 January 2013
Under a pilot programme launched by the Shanghai government, so-called qualified foreign limited partners will be able to commit up to 50% of one onshore fund’s capital. Beijing and Tianjin are also said to be awaiting approval for the same programme.
2 min read · 24 January 2013
Quadrangle co-founder Steve Rattner said in an online interview that his involvement in the New York state pension pay-to-play scandal investigation has been the most painful event of his career.
2 min read · 24 January 2013
Pramerica Real Estate Investors, the Parsippany-based real estate investment business of Prudential Financial, has teamed up with US logistics developer Panattoni to acquire €100m of logistics properties in Central and Eastern Europe.
2 min read · 24 January 2013
The Paris-based giant has announced Laurent Vouin will be responsible for the firm’s ‘expanding’ opportunity funds business, including Axa Real Estate Development Fund III, its latest offering
1 min read · 24 January 2013
The New York-based firm has sold part of its mixed-use development project, Bravern Office Commons, for $410m; eyes $120m of acquisitions in coming months.
2 min read · 24 January 2013
The $125bn public pension plan is reportedly trying to back out of a $300m commitment to the $4.7bn MSREF Global VII fund.
2 min read · 24 January 2013
