The $280m joint venture fund between Blue Vista Capital Management and Place Properties is targeting $50m of equity to foreclosed and troubled student housing in the US.
1 min read · 21 January 2013
The private equity real estate firm, co-founded by AREA Property Partners’ Bill Mack and Lee Neibart, has parted company from the young fashion designer. NRDC bought two-thirds of the design company for around $10m in 2007.
1 min read · 21 January 2013
The Larkspur, California-based private equity and real estate firm is hoping to close on its $50m LRG Capital Hospitality Fund in the next few months. The vehicle will target early-stage restaurants affected with large debt loads.
2 min read · 21 January 2013
The South Carolina theme park, backed by publicly listed Israeli holding companies Africa Israel Investment and Polar Investments, failed to find a buyer while in bankruptcy and will liquidate just nine months after opening.
1 min read · 21 January 2013
The firms have held a $150m first close and expect to raise $200m by the end of the first quarter.
1 min read · 21 January 2013
Ardent Hotel Investors, backed by high net-worth capital, will focus on US hotel assets valued at up to $75m. Steve Surgent, former Everest Holdings executive, will lead the firm’s activities saying today is a time to be preparing to buy.
1 min read · 21 January 2013
The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession, including Blackstone and Carlyle. Sun invested alongside Lubert-Adler in US retailer Mervyns, which last year filed for bankruptcy.
2 min read · 21 January 2013
The US private equity firm has closed its latest mega-fund, Carlyle V, below its original $15bn target owing to the economic climate. The fund consists of primarily returning investors and is 30% committed.
1 min read · 21 January 2013
James McNulty has been hired as an executive advisor to help the Cleveland-based private equity real estate firm identify opportunities in North American parking, transportation and infrastructure businesses. Gates manages three car parking-focused funds.
1 min read · 21 January 2013
The UK property company belonging to the Duke of Westminster has appointed Andrew Bibby as CEO of its US activities. Earlier last year, Grosvenor US said it had reversed an investment freeze on the residential sector following the credit crunch.
2 min read · 21 January 2013
