Two banks – one UK-based and the other from Bahrain – have combined to buy Milton Gate office block in the financial heart of London. UBS Global Asset Management is the seller.
1 min read · 21 January 2013
The former Morgan Stanley and AMB executive has joined Colony Capital to help the Los Angeles-based firm develop new funds. Colony is targeting $5.25bn for its two latest vehicles.
2 min read · 21 January 2013
As LPs weigh their options, two real estate funds are offering investors the ability to say ‘no’ to certain deals. By Jonathan Brasse
2 min read · 21 January 2013
The $22bn state workers' pension fund lost 14.8% on its real estate portfolio in the fourth quarter of 2008, and 16.5% on private equity during the same period.
1 min read · 21 January 2013
Shareholders of the troubled German lender today approved a government plan to nationalise the bank by means of a capital increase. JC Flowers said it will try to safeguard its investments including possibly taking ‘legal steps’.
2 min read · 21 January 2013
The Donald gives the best definition yet of fair value. PERE June 2009
1 min read · 21 January 2013
There is an iron rule of public relations during a crisis, which is that one must reveal bad news in its entirety and all at once.
2 min read · 21 January 2013
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
2 min read · 21 January 2013
Fortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
2 min read · 21 January 2013
Stockholm based Aberdeen Property Investors has grown its indirect team, Aberdeen Property Investors Indirect Investment Management, to 28 professionals after making six senior appointments across Europe and Asia. The growth of the team marks a rebuilding period for Aberdeen after a period of recent departures.
2 min read · 21 January 2013
