Though investment by domestic firms in Chinese real estate rose dramatically in the first half of 2008, investment by foreign firms fell sharply. Have Western investors fled from Chinese real estate for the time being? PERE Magazine December 2008/January 2009 issue
3 min read · 21 January 2013
Luke MacKenzie has joined the London advisory firm at a time when demand is set to grow for property debt restructuring experts. PERE Magazine December 2008/January 2009 issue
2 min read · 21 January 2013
While most people cling to their jobs during an economic downturn, some private equity real estate players opt to do the opposite by spinning out from their existing firms. It has a lot to do with carry. PERE Magazine December 2008/January 2009 issue
3 min read · 21 January 2013
PERE Magazine December 2008/January 2009 issue
2 min read · 21 January 2013
Republican Ray LaHood, picked by US president-elect Barack Obama as transportation secretary, is described by those who know him as a 'main street conservative'. Obama's choice came as a surprise to some who were expecting a more high-profile candidates like Pennsylvania Governor Ed Rendell or Minnesota representative Jim Oberstar.
2 min read · 22 January 2013
The Pension Benefit Guaranty Corporation, which guarantees the pensions of about 44 million Americans, has hired gatekeepers as it prepares to allocate a portion of its $5.5bn in assets to private equity and real estate.
1 min read · 22 January 2013
Sullivan, Ward, Asher & Patton attorney, Laurence Smith, and the founder of Heller-White Hotel Management, Mitchell Heller, are raising their first private equity real estate fund focused on hospitality developments in Hawaii. The 10-year fund is targeting IRRs of more than 20%.
2 min read · 22 January 2013
The publicly listed private equity and hedge fund manager has seen its share price plummet from an initial IPO value of $18.50 in February 2007. One analyst said the firm’s management could elect to take Fortress private.
2 min read · 22 January 2013
The New Jersey-based private equity real estate firm has added a Milford, Connecticut strip mall to its high-net-worth fund, The Hampshire Generational Fund. The deal was valued at about $30m with a reported cap rate of 7.5%.
1 min read · 22 January 2013
As the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
3 min read · 22 January 2013
