Station Casinos’ proposed debt restructuring has met with anger from some bondholders. A lawsuit alleges the plan is 'ungentlemanly', favouring a limited number of senior note holders. Station said the lawsuit was 'without merit'.
2 min read · 21 January 2013
The joint head of the firm’s North American social infrastructure and transportation group led the firm’s bidding for some of the most prominent asset sales in North America, including the Indiana Toll Road and the Pennsylvania Turnpike.
1 min read · 21 January 2013
The market for commercial mortgage backed securities was killed off in 2008, but five issues worth $9.4bn have been seen in Europe. However, the issues are rumoured to be a means of gaining access to European central bank funding.
1 min read · 21 January 2013
The $64bn of money allocated to infrastructure spending includes multiple pockets of discretionary spending that contractors and developers could compete for, lawyers at McKenna, Long and Aldridge explained to listeners during a conference call.
2 min read · 21 January 2013
The Financial Accounting Standards Board in the US will improve its guidance on fair value and its disclosure standards, following the Securities and Exchange Commission’s suggestion.
2 min read · 21 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 21 January 2013
The real estate investment firm’s $70m Land Development Fund has entered into a 50/50 joint venture on a 47-acre plot of partially develop land.
1 min read · 21 January 2013
Johnathan Richard Perry, head of WP Carey’s international asset management group, was killed with his girlfriend as they travelled on the Q400 Bombardier plane that crashed into a house in New York state. 'He had a love for travel, for friendship and for helping others,' the firm said.
1 min read · 21 January 2013
Nation-wide job losses and increasing supply will hurt the office sector in 2009, according to Foresight Analytics. Some of the worst affected cities include Riverside-San Bernardino, in Southern California, and Charlotte, North Carolina.
2 min read · 21 January 2013
The Washington State Investment Board has made $350m in fresh commitments to private equity and real estate. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
1 min read · 21 January 2013
