Six out of 10 commercial real estate executives believe the credit crisis has now had a greater impact on the real estate industry than during the crisis of the late 1980s, early 1990s. Just 10 percent are ‘bullish’ on the opportunities created by the distress, most attracted to multifamily.
2 min read · 22 January 2013
The $80.1bn Washington State Investment Board has approved $1.7bn in commitments, including $900m to two RE funds. The pension also committed $600m to private equity funds and $250m to infrastructure and commodities.
2 min read · 22 January 2013
Real estate GPs know that chaos breeds opportunity as well as loss.
2 min read · 22 January 2013
The public private partnership represents the largest development of schools in Canadian history and the second such project for Babcock & Brown Public Partnerships in that country. The fund has a 75 percent equity stake in the 32 year design, build, finance and maintain contract.
3 min read · 22 January 2013
The UK asset manager continues to beef up its operation with the appointment of James Buckley as head of its Asia fund of funds.
1 min read · 22 January 2013
The New York-based private equity real estate firm is selling two Boston office buildings acquired through its Brickman Real Estate Fund II.
1 min read · 22 January 2013
The specter of a return to the 1989 Resolution Trust Corporation was raised today as the US Treasury said it would introduce a ‘relief program’ for troubled mortgage assets. If formed, the program would consolidate an enormous pool of assets for opportunistic buyers to feast upon.
3 min read · 22 January 2013
The real estate investment firm has bought the office property that was the backdrop to the US TV show, LA Law, from Broadway Partners for an undisclosed sum. Broadway says it is in the midst of ‘harvest’ the value of its property portfolio.
2 min read · 22 January 2013
Jay Light, former professor to Steve Schwarzman and a director of university endowment Harvard Management Company, has joined Blackstone’s board of directors. Separately, Blackstone has been named as an advisor in the $85bn bailout of AIG.
2 min read · 22 January 2013
US presidential candidate John McCain has come under fire by the Service Employees International Union for his ties to Kohlberg Kravis Roberts founder Henry Kravis. However, according to the Center for Responsive Politics, it is McCain’s Democratic rival Barack Obama that is pulling in the most money from the private equity industry.
2 min read · 22 January 2013
