The two firms have sold a 589,000-square-foot, US government-leased, office in Washington DC’s NoMa area to Northwestern Mutual. The building was part of StonebridgeCarras and Walton Street’s 2.5-million-square-foot mixed use development of Constitution Square.
2 min read · 24 January 2013
Four months after first starting foreclosure proceedings against Tishman Speyer and BlackRock Realty, CWCapital was yesterday given the green light to auction the sprawling Manhattan residential complex.
2 min read · 24 January 2013
A panel at PEI Media’s compliance forum this week talked about the tough fundraising environment, placement agents and the effects forced registration would have on marketing new funds.
2 min read · 24 January 2013
The US Securities and Exchange Commission's alternatives investigation unit is ramping up its focus on private equity, including taking a closer look at side letters.
2 min read · 24 January 2013
The Edinburgh-based asset manager has named David Paine as its next head of property investments, following the retirement of veteran managing director Alex Watt in November.
1 min read · 24 January 2013
The Pennsylvania State Employees' Retirement System reports returns of -29.3% for its 60 real estate portfolio investments during 2009, a period when it also paid $28.5m in management and consultant fees.
2 min read · 24 January 2013
Mark Gabbay has been appointed Asia Pacific chief investment officer after the firm spent one year searching for an addition to the existing senior team. He will report to Asia Pacific CEO Jack Chandler.
2 min read · 24 January 2013
Brookfield Asset Management CEO Bruce Flatt told delegates at the PERE Forum: Europe in London that the Toronto-based company would likely follow up its $5.5bn investment club with a return to traditional fundraising.
2 min read · 24 January 2013
The Japanese manufacturing company’s pension fund, which manages 87 billion yen of assets, is reportedly planning to target domestic and international real estate investments for the first time since 2006.
1 min read · 24 January 2013
Average cap rates in 13 of 30 US commercial real estate markets could go down by as much as 100 basis points, according to a survey by PwC. In the past three months, average cap rates have declined in 17 out of 30 US markets.
2 min read · 24 January 2013
