The Greenwich, Connecticut-based firm, led by Barry Sternlicht, has commenced fundraising for Starwood Distressed Opportunity Fund IX, targeting between $2 billion and $3 billion. The firm's hospitality fund series, however, will come to an end.
2 min read · 18 January 2013
Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
3 min read · 18 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 18 January 2013
The former Lazard director has joined the Los Angeles-based investment bank's New York office to serve as managing director of its newly formed real estate strategic advisory group.
2 min read · 18 January 2013
Anglo Irish Bank wants to offload its roughly $10 billion portfolio of US property loans in one fell swoop. Given private equity real estate’s finest are arranging themselves into bidding consortiums, the omens look good that its wish will be granted.
4 min read · 18 January 2013
The distressed Dublin-based bank is entertaining bids for a portfolio of 248 loans backed by properties across the US from such private equity real estate firms as Blackstone, KKR and Westbrook.
1 min read · 18 January 2013
Olivier de Poulpiquet, co-CEO and co-CIO of Morgan Stanley Real Estate Investing, is to relocate to Singapore as the firm plans to switch from net sellers of real estate in the region to become net buyers.
2 min read · 18 January 2013
The UK REIT is poised to make an uncharacteristically opportunistic foray by buying a portfolio of properties occupied by Virgin Active health clubs.
2 min read · 18 January 2013
After a year-long sale process culminating in a quartet of private equity real estate firms being shortlisted, RBS has agreed to offload a stake in a £1.4bn loan book to a special purpose company controlled by The Blackstone Group.
2 min read · 18 January 2013
The European private equity firm has sold Old George Mall in Salisbury for £80m having bought it for £60m in January 2009.
2 min read · 18 January 2013
