A pending state bill that would force placement agents to register as lobbyists would create two sets of registration, reporting and compliance policies.
3 min read · 24 January 2013
The US multifamily sector has been bolstered thanks to liquidity from the mortgage insurers Fannie and Freddie. Impending reform of the government agencies though could prove painful for apartment borrowers and the sector.
3 min read · 24 January 2013
Florida-based Ram Realty and New York’s Square Mile Capital Management have formed a JV to acquire a portfolio of 38 non-performing loans with a total par value of around $150m.
1 min read · 24 January 2013
The group, founded by telecoms entrepreneur David Brillembourg, is targeting luxury beachfront hotels within three hours travelling time of Miami. The firm last year bought a Miami hotel for a group of family offices in a $30m all-cash deal.
2 min read · 24 January 2013
Two private equity firms have acquired almost all the assets of the 84-year-old Sea Island resort in a deal that saw creditors walk away from $340m of secured debt. Bankruptcy court must approved the deal, which is unlikely to be challenged.
2 min read · 24 January 2013
Los Angeles-based Oaktree Capital Management is in talks to buy a controlling stake in troubled Irish housebuilder McInerney Holdings
2 min read · 24 January 2013
The firm’s 2006 global buyout fund, which raised nearly $18bn, is nearing the 75% invested threshold.
2 min read · 24 January 2013
Ed Greene, who led the Asia business for placement agent CP Eaton Partners, has now launched his own firm. Starting with nine staff, Diamond Dragon Advisors is to advise on sectors including real estate, private equity, real assets and hedge funds.
2 min read · 24 January 2013
Colony, Dune and Kan Am claimed lenders 'refused' to renegotiate the New Jersey project’s construction loans. The group of five lenders is currently talking to new operators to take over and finish the retail and entertainment complex.
3 min read · 24 January 2013
A consortium comprising Colony Capital, Fertitta Gaming and some of the lenders to bankrupt Station Casinos, have won approval to regain ownership of the casino operator following federal bankruptcy proceedings.
2 min read · 24 January 2013
