LaSalle Investment Management is vying to replace Blackstone as Global Firm of the Year in the PERE Awards. You still have time to cast your votes for this and other 2008 Global PERE Awards categories.
2 min read · 21 January 2013
The private equity firm has brought on Morgan Stanley’s global head of healthcare investment banking, John Moore, to lead its North American healthcare team. The team will focus on global scalability and cost effectiveness.
2 min read · 21 January 2013
The Chicago-based fund manager has extended the deadline of its offer to buy retirement community REIT, American Land Lease after just 85.5% of the company’s stock has been tendered. Green Courte was looking to achieve a minimum tender of 88%.
1 min read · 21 January 2013
The bankrupt newspaper company Tribune Company is hammering out a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell to investment bank head Tom Ricketts, according to a report. Ricketts beat real estate investor Hersch Klaff and private equity executives Marc Utay and Leo Hindery.
2 min read · 21 January 2013
Transportation Secretary nominee Ray LaHood described public-private partnerships and the tolling of new roads and bridges as “outside the box” ideas the US government should consider in reauthorising an important transport spending bill later this year.
2 min read · 21 January 2013
The distressed buyout firm’s acquisition of nearly 70% of First Bank & Trust could lead to further banking asset purchases in the future.
1 min read · 21 January 2013
Global Infrastructure Partners and a consortium consisting of Citi Infrastructure Investors, Vancouver Airport Services and John Hancock Life Insurance have emerged among the bidders for the UK’s second-busiest airport. The sale is expected to achieve a 'significant premium' to its £1.7bn reserve.
3 min read · 21 January 2013
Infrastructure and renewable energy are the hot sectors right now for private equity firms, but US President Barack Obama's plans for the sectors will determine how attractive they remain to private investors.
2 min read · 21 January 2013
President and chief executive of Allianz Real Estate Olivier Piani says it is the ‘best time’ to be growing a global organisation. The insurance company expects to grow its allocation to RE to 6% 'and maybe more', with up to a third focused on the US and Asia respectively.
2 min read · 21 January 2013
Ian Jackson has been hired as a director for The Carlyle Group's distressed and corporate opportunities arm. He will be 'deployed' to help invest the firm's latest distress fund, Carlyle Strategic Partners II, which closed on $1.35bn in April 2008.
1 min read · 21 January 2013
