The private equity real estate firm with more than $3bn in dry powder has hired Matthew Kenney, David Finkel, Zubin Irani, Andrew Gummer and Kunihiko Okumura as principals and managing principals to work from its New York, London and Tokyo offices.
2 min read · 21 January 2013
Global placement agency CP Eaton goes bearish on the US but bullish on Europe and Asia in its latest report.
1 min read · 21 January 2013
The property arm of the US conglomerate is shedding employees at all levels of the company, as its parent unit GE Capital plans overall job losses of between 7,000 and 11,000.
1 min read · 21 January 2013
Transactions in the US, India, Japan, Australia and Africa all fell more than 80% in the final three months of 2008. The best performing region was Eastern Europe where sales declined by just 50%. Overall in 2008, global property deals were down 59%.
2 min read · 21 January 2013
The San Diego-based private equity real estate firm has bought four pools of discounted notes with a face value of $70m. Financial details were not disclosed, although other private equity firms are reporting discounts of up to 80%. The deal was closed in 30 days.
2 min read · 21 January 2013
The private equity real estate arm of the property services firm has purchased three office blocks in Los Angeles, New Jersey and West Palm Beach – including one building the firm previously owned more than four years ago.
1 min read · 21 January 2013
Colony Capital chairman Tom Barrack says the industry faces its ‘greatest opportunity and challenge’ this year, with 2009 investments expected to make ‘historically high returns’. Not all firms will survive though, with those fundraising facing significant obstacles.
2 min read · 21 January 2013
Seth Lieberman is heading up the new global real estate fund of funds platform for Italian firm, Advanced Capital, having most recently served as managing director of real estate finance for Europe, the Middle East and Africa at Swiss banking giant UBS.
2 min read · 21 January 2013
Despite the departure of George Bilicic as its head of infrastructure, the buyout shop is forging ahead with plans for its foray into the asset class.
2 min read · 21 January 2013
Standard & Poor’s has a bleak outlook for the US retail sector in 2009. The ratings agency has ranked three retail companies backed by private equity firms at risk of defaulting on their debt payments.
3 min read · 21 January 2013
