New York hotel group, Morgans Hotel, is the newest partner in a JV between private equity real estate firm Normandy Real Estate Partners and Ames Hotel Partners to redevelop Boston’s first skyscraper into a boutique hotel.
2 min read · 22 January 2013
The real estate services firm agrees to acquire its smaller rival in a bid to bolster its presence in key US markets and its tenant representation business. The merger will leave Jones Lang LaSalle with almost 50,000 employees and 184 offices worldwide.
2 min read · 22 January 2013
London private equity real estate firm Europa Capital has closed two vehicles giving it €2.5 billion of acquisition firepower to capitalize on 'difficult and volatile credit conditions.'
1 min read · 22 January 2013
The US sale and leaseback specialist is manning its second office in Europe in the belief that the region offers burgeoning deal opportunities.
1 min read · 22 January 2013
The San Francisco Employees’ Retirement System is joining a growing number of public pensions which have increased their real estate and private equity targets in recent months.
1 min read · 22 January 2013
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
2 min read · 22 January 2013
Ruth Barone, senior vice president of US real estate investment bank, the Carlton Group, has formed Glenmere Capital Partners targeting New York properties.
1 min read · 22 January 2013
The Swiss bank’s real estate business has appointed a head of acquisitions in the Benelux region, Ward van de Braak.
1 min read · 22 January 2013
Formation is purchasing a portfolio of 27 assisted living facilities in the northeastern US on the heels of its $2bn acquisition last year of Genesis Healthcare with JER Partners.
1 min read · 22 January 2013
The California pension saw its alternative investment program return 5.3 percent, while public equities languished. Real estate investments returned 1.6 percent for the pension.
2 min read · 22 January 2013
