Though investment by domestic firms in Chinese real estate rose dramatically in the first half of 2008, investment by foreign firms fell sharply. Have Western investors fled from Chinese real estate for the time being? PERE Magazine December 2008/January 2009 issue
3 min read · 21 January 2013
The European niche investor bought the stricken UK tea and coffee retailer for an undisclosed amount from Icelandic seller Baugur Group.
1 min read · 22 January 2013
Already $4.5bn worth of properties in the US have reverted back to lenders as real estate owners struggle to contend with the credit squeeze and the economic downturn. New York, LA and Las Vegas are worst affected areas.
2 min read · 22 January 2013
The New York-based private equity firm has agreed to buy a 70% stake in Flagstar Bancorp as long as the US government injects $250m from the Troubled Assets Relief Program in the bank.
2 min read · 22 January 2013
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.
1 min read · 22 January 2013
As investors start to eye distressed real estate investment trusts, the US’ second largest mall owner reveals it has not reached 'unanimous agreement' to extend $900m in debt on two Las Vegas loans. The firm is in talks with its lenders, after the loans were due for repayment last Friday.
2 min read · 22 January 2013
Fund managers will however see opportunities in REITs, discounted fund interests, non- and partially-performing loans and defaulting land and development deals, according to LaSalle Investment Management’s annual strategy report.
2 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
The Los Angeles-based private equity firm acquired most of the food product supplier’s debt for less than $200m after it filed bankruptcy earlier this year. Madison Dearborn Capital Partners bought Pierre for $422m in 2004.
1 min read · 22 January 2013
The deal is the private equity real estate firm’s largest to date and includes 13 offices and one distribution centre across 10 US states. The firm says some institutional investors are looking for “less volatile” real estate opportunities.
2 min read · 22 January 2013
