The real estate investment firm has bought the office property that was the backdrop to the US TV show, LA Law, from Broadway Partners for an undisclosed sum. Broadway says it is in the midst of ‘harvest’ the value of its property portfolio.
2 min read · 22 January 2013
A survey has found that 25 percent of European investors are considering cutting their exposure to real estate funds in the short-term, yet investors are also planning to increase their exposure to opportunity funds.
3 min read · 22 January 2013
Boca Raton, Florida-based private equity firm Sun Capital Partners has acquired value-priced retailer Gordmans, which counts 65 stores in the Midwestern US.
2 min read · 22 January 2013
The Connecticut-based investment management firm has appointed the former CBRE and GE professional as its new chief financial officer. Angerthal spent nine years with various GE units, including GE Real Estate and GE Capital Corp.
1 min read · 22 January 2013
MatlinPatterson co-founder Mark Patterson yesterday characterised today's economy as the most troubled since the period following the US stock market crash in 1929. Operational concerns are now second to broader financial markets considerations when conducting due diligence, he said.
2 min read · 22 January 2013
Announcing plans to save the investment bank from collapse, Lehman Brothers will separate its balance-sheet real estate assets into a new public company, as well as sell a 55 percent stake in an investment management unit that includes Lehman Brothers Merchant Banking and Lehman Brothers Real Estate.
3 min read · 22 January 2013
The US department store, which filed for Chapter 11 bankruptcy protection in July, has filed a lawsuit against its buyers, including funds controlled by Lubert-Adler, Cerberus Capital and Sun Capital, alleging the firms stripped it of its real estate assets in order to leverage the buyout.
2 min read · 22 January 2013
A special report in PERE magazine reveals a secretive firm that is building out its franchise in Asia and Central and Eastern Europe. The real estate investment arm of Goldman Sachs’ fundraising prowess has been undeterred by some LPs who see a dizzying array of fees cutting into net performance.
2 min read · 22 January 2013
Investors should look beyond ‘volatile’ short-term concerns in Europe and focus on longer-term issues such as economic growth, liquidity and risk-adjusted performance, according to a report by UK real estate fund manager, Invista. Germany, it said, was one of the most attractive locations.
2 min read · 22 January 2013
Dominic Petrucci, former chief operating officer of Cornerstone Real Estate Funds, has joined the firm as chief financial officer.
1 min read · 22 January 2013
