Carlyle has backed a new code that assumes placement agents are prone to ‘Boss Tweed’ inclinations.
2 min read · 21 January 2013
Canyon Capital Realty Advisors, which controls the Canyon-Johnson Urban Funds, has appointed David Ridini as managing director responsible for investments in the North East of the US and New York. The firm says it sees 'more opportunities ahead' in the region.
1 min read · 21 January 2013
The US Federal Reserve has extended the Term Asset-Backed Securities Loan Facility to CMBS issued before 2009 in an effort to kick start real estate credit markets.
1 min read · 21 January 2013
South Korea’s National Pension Service will reportedly resume its overseas investments from next month and increase its investments in overseas alternative assets.
1 min read · 21 January 2013
With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
2 min read · 21 January 2013
Cordea Savills says Britain’s commercial property market will begin to recover later this year providing ‘excellent risk-adjusted returns’, albeit selectively.
2 min read · 21 January 2013
Alabama-based Harbert Management acquires Lyon Business Park from Goodman’s European Business Park Fund.
1 min read · 21 January 2013
The inspector general of the US Pension Benefit Guarantee Corporation said it has found improper communications between the agency’s former director, Charles Millard, and investment firms bidding for contracts to manage the agency’s $2.5bn allocation to private equity and real estate. US Congress is now investigating the issue.
2 min read · 21 January 2013
In Asia, sales of industrial properties fell 95% compared to a year earlier, while in the US the vacancy rate for industrial buildings rose to 12.2% – the highest level since 1989.
1 min read · 21 January 2013
The New York-based real estate firm, which was originally targeting investments primarily in Latin America, is now targeting the US. The firm is also raising an agribusiness vehicle targeting agricultural land in Argentina, Brazil, Colombia and Uruguay.
1 min read · 21 January 2013
