The New York development company is raising a distressed opportunity fund to target loans and assets across all real estate sectors in the US. The firm has closed on $250m of commitments to date.
2 min read · 18 January 2013
Two years after being appointed to grow Pacific Star’s presence in China, Wilfred Wong has agreed a deal with the Singapore fund manager to spin its Hong Kong division out and set up his own platform. Wong’s new business is named Pinnacle State Group.
2 min read · 18 January 2013
Copenhagen-based ATP Real Estate, a significant investor in opportunity funds, says it is looking to deploy €700 million in fresh real estate acquisitions.
1 min read · 18 January 2013
Led by former Investcorp co-head John Fraser, the group will target US opportunistic deals.
1 min read · 18 January 2013
After suffering heavy losses on its real estate investments in 2008 and 2009, the bank reported gains of $431m in its merchant banking operations thanks, in part, to fund investments.
2 min read · 18 January 2013
The two California pension giants’ real estate portfolios began the long road back to health generating 0.01% and -5% returns, the latter being the smallest decline since the start of the financial crisis.
3 min read · 18 January 2013
The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.
2 min read · 18 January 2013
A joint venture between JP Realty and KGW Real Estate is looking to raise $150m for office, industrial and land purchases primarily in three key cities
2 min read · 18 January 2013
The Wall Street giant is set to sell its 44.7% position in Accordia, the golf course operator it originally acquired in 2001.
2 min read · 18 January 2013
The accounting and financial firm has appointed Mark Grinis to global head of its real estate fund services, after Gary Koster’s move to the private equity practice.
2 min read · 18 January 2013
