The affiliate of the private equity real estate firm, Starwood Capital, has formed a $75m joint venture with Cold River Development to target the 23-counties of the Atlanta metro region. It comes just two days after the firm bought 2,500 residential home sites in Arizona, California and Florida.
1 min read · 22 January 2013
Currency hedges gone sour are also forcing many of Australia’s pension investors to put more cash toward meeting margin calls, making a fraught fundraising environment even more difficult.
2 min read · 22 January 2013
Hong Kong real estate investment manager Gaw, formerly Gateway Capital, is planning to raise a third fund for China. The firm is planning to develop middle-class and mass market residential property in secondary cities in the country.
1 min read · 22 January 2013
Marcus Shepherd, former European chief financial officer for Australian fund manager Valad Property Group, is joining the firm in January.
1 min read · 22 January 2013
The San Francisco-based firm, launched by CalPERS last year, has hired former Goldman Sachs healthcare specialist Christopher McFadden to head its first East Coast presence. Health Evolution has already invested and exited one portfolio company with a markup 'north of 25%'.
3 min read · 22 January 2013
In a letter to shareholders, the real estate investment firm said the founder of private real estate firm, Thompson National Properties (TNP), was trying to take control of the firm – and allegedly force Grubb & Ellis to buy-out or ‘absorb’ his new company TNP.
2 min read · 22 January 2013
The Australian investment firm is planning to divest its real estate and operating leasing units after announcing it would retain them this summer. The struggling listed firm will slash its workforce by more than 800 in an effort to repay A$3.1bn in debt. Babcock last year bought US shopping mall operator Gregory Greenfiled & Associates.
3 min read · 22 January 2013
The deal, which includes residential land in Arizona, California and Florida, follows on the firm’s $150m JV investment with Riverway Properties to target the Houston residential market.
1 min read · 22 January 2013
The US Treasury Secretary says he is saving the bulk of the $700bn Troubled Asset Relief Programme money for President-elect Barack Obama. He says buying toxic assets would not be the most effective use of taxpayers' money suggesting there ‘simply isn't enough firepower’.
2 min read · 22 January 2013
A new report from the Urban Land Institute warns the two cities will face stiff competition from markets such as Shanghai, Sao Paolo and Dubai. In terms of investment opportunities, New York and Paris are jointly ranked first followed by London.
2 min read · 22 January 2013
