RREEF bought a 'significant minority' stake in Aldus in 2007, at a time when Aldus founding partner Saul Meyer considered backing out of an arrangement in which his firm was allegedly paying illegal kick-back fees.
2 min read · 21 January 2013
Speakers at the Terrapinn Infrastructure Investment World Americas conference in New York criticised the conventional wisdom regarding such assets as ‘too simplistic’ since brownfields, or operational infrastructure assets, can in practice be more risky than greenfields, or new development projects.
2 min read · 21 January 2013
Multi-family specialist Covenant Capital Group is targeting $300 million for Covenant Apartment Fund VI.
1 min read · 21 January 2013
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
2 min read · 21 January 2013
As a kick-back scandal involving several public pensions grows in the US, LACERS is the latest pension to draft a disclosure policy for placement agents and other third-party marketers.
3 min read · 21 January 2013
Though demand by occupiers for commercial space is diminishing because of weakening economies, more than 2m sq. m of office space was completed in Europe in the first quarter of the year – one of the highest levels ever recorded, according to Jones Lang LaSalle.
1 min read · 21 January 2013
Despite few properties trading hands in the capital, Monday Properties CEO Anthony Westreich says cap rates in Washington DC are above their historical trends suggesting the metro office market may have repriced too far. Washington DC, he says, is the "best" market in the US.
2 min read · 21 January 2013
The largest pension in the US has charged its staff with creating a disclosure policy for placement agents and their fees after it was revealed that CalPERS has ties to a kick-back scandal involving the New York State Common Retirement Fund.
3 min read · 21 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 21 January 2013
The Teacher Retirement System of Texas is set to commit up to $2bn in capital to real estate in an effort to close the 6% gap between its actual and target allocations.
2 min read · 21 January 2013
