No secret handshake, no back-room deal – special servicers like LNR Partners and Torchlight are quickly taking to eBay-style online auctions for distressed debt and nonperforming real estate assets.
3 min read · 18 January 2013
Josh Cleveland has joined Clairvue Capital Partners as the firm starts to target real estate secondaries as well as recapitalisations.
2 min read · 18 January 2013
Blackstone’s barracking over its investment into Southern Cross demonstrates that firms will have to be careful in their future real estate dealings.
3 min read · 18 January 2013
Public documents of The Pennsylvania Public School Employees’ Retirement System reveal commitments totalling $500 million to the next private equity real estate funds of titans Blackstone and Carlyle. PSERS also revealed the current performances of the latest funds to be closed by each firm.
2 min read · 18 January 2013
Ralph Rosenberg, the recently appointed global head of real estate at New York-based private equity giant Kohlberg Kravis & Roberts, told delegates on the first day of this year’s PERE Forum: Europe, that the firm had identified four investments in the region it was considering pursuing.
2 min read · 18 January 2013
The Los Angeles-based real estate fund manager has held a final closing on a $100 million Brazil sidecar to its Latin America fund, bringing its combined regional commitments to $554 million.
2 min read · 18 January 2013
The John Grayken-led firm closed its second real estate fund at the end of May and is expected to close its seventh distressed debt fund in July on roughly $4.5bn.
2 min read · 18 January 2013
A poll of property brokers by Britain's RICS has concluded that the level of distressed property for sale listed on agents’ books in the first quarter of the year increased most in North America, Ireland, Spain and South Africa than in other markets.
2 min read · 18 January 2013
Two former White & Case lawyers have joined the law firm's real estate practice group.
2 min read · 18 January 2013
A joint venture between JP Realty and KGW Real Estate has increased its fundraising target from $150 million.
2 min read · 18 January 2013
