The US firm says hiring Rob Trevor as a principal reflects ‘increasing opportunities’ in the UK.
1 min read · 21 January 2013
LaSalle Investment Management and ING Real Estate Investment Management remain on a whittled-down shortlist to buy the management of the Wall Street Bank’s Asian Real Estate opportunity Fund and its other Asian real estate holdings.
2 min read · 21 January 2013
Michael Ricciardi, Enrique Cuan and Alan Pardee will lead the 24-strong team for Mercury Capital, which will raise private equity, private equity real estate and infrastructure funds globally.
2 min read · 21 January 2013
Richard Valdes received $38,600 in campaign donations in 2005; much of them tied to placement agent Alfred Villalobos, who since 2006 has secured more than $4bn in CalPERS commitments.
2 min read · 21 January 2013
The international private placement firm has joined the cacophony of calls from legitimate placement agents to alter a proposed rule providing a blanket ban on soliciting government entities.
3 min read · 21 January 2013
In the year to the end of June, Virginia Retirement System’s real estate portfolio returned -28.3% compared to a 19.8% benchmark. The pension has lost $12.2bn in value in 12 months.
2 min read · 21 January 2013
Just $16.2bn has been raised for real estate opportunity funds worldwide in H1 2009, according to Probitas Partners. Much of the negative investor sentiment falls at the door of “legacy real estate funds”, says partner Kelly DePonte.
2 min read · 21 January 2013
The firm, backed by KKR, Five Mile and Goldman Sachs, has already agreed to sell its US mortgage business to Berkshire Hathaway and Leucadia National.
3 min read · 21 January 2013
With transaction volumes down 80% over the past year alone, Jones Lang LaSalle warns that US investor appetite would only start to return in mid-2010, and could take a generation to recover to the levels seen in 2007. However, foreign investors are starting to ramp up their strategies.
2 min read · 21 January 2013
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.
2 min read · 21 January 2013
