More than a third of industry professionals attending the annual PERE Forum: New York believe valuations will decline by another 10% or more. It comes as delegates are advised to underwrite deals with no rental growth assumptions for “years and years”.
2 min read · 21 January 2013
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was the first deal to be sold under TALF, following an 18-month dry spell for the CMBS industry.
2 min read · 21 January 2013
The US private equity real estate firm, led by Barry Sternlicht, has acquired an office property in the City of London. The firm says it has been patient but is starting to see value in the area for the first time in many years.
1 min read · 21 January 2013
The $126bn pension has created a new allocation to house its investments in the US Public Private Investment Programme.
2 min read · 21 January 2013
The Chicago-based firm has bought a nine-property portfolio, totalling 536,000-sq-ft of space. No financial details were disclosed but the deal was originally marketed for $71m.
1 min read · 21 January 2013
Apollo- and BC-backed Unitymedia, the cable platform that owns the rights to the German football league, has been sold to a US player for €3.5bn.
2 min read · 21 January 2013
Sentinel Capital Funding will provide financing for US developers. Oaktree has partnered with Integral Communities principals Eugene Rosenfeld and Craig Manchester.
1 min read · 21 January 2013
The pension fund of UK local authority, Bath & North East Somerset Council, is taking advantage of the repriced US core real estate debt market via Partners Group.
1 min read · 21 January 2013
Canada Pension Plan Investment Board president David Denison credited ‘the continued strength in the equity markets’ for the increase. Real estate posted essentially flat returns in the three months to the end of September
2 min read · 21 January 2013
A side-by-side comparison of the House and Senate draft legislation for the regulation of US private investment funds, by Nathan Greene and Jesse Kanach of law firm Shearman & Sterling.
3 min read · 21 January 2013
