Marc Dreier, the founder of New York law firm Dreier, has admitted to key aspects of a plan to sell $113m in fake promissory notes, including notes from a real estate developer. Around $100m of the proceeds are still unaccounted for.
3 min read · 22 January 2013
Shopping centres and commercial property in the UK will plummet in development volume and value, according to CBRE and RICS. The amount of retail space being developed has fallen 40% in the past year, the fastest rate of decline since the 1990s.
1 min read · 22 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud real estate and private equity firm, Fortress Investment Group.
3 min read · 22 January 2013
Dolphin Capital Investors, the listed arm of private equity real estate firm Dophin Capital Partners, has bought back 10 percent of its shares as part of a strategic investment slowdown.
1 min read · 22 January 2013
Harvard’s endowment has lost 22% of its $40bn portfolio value since June. It is bracing for up to a 30% drop in value for the year, once its receives fully updated private equity and real estate valuations.
2 min read · 22 January 2013
President-elect Barack Obama's choice for transportation secretary could determine the level of private sector participation in public infrastructure financing, according to a presentation by David Gribbin at the California Infrastructure Summit.
2 min read · 22 January 2013
Chris Rolling and Ashley Unwin will lose their jobs following a cash infusion at the troubled music group.
2 min read · 22 January 2013
The largest telephone carrier in Hawaii cited a heavy debt load, increased competition and market turmoil as reasons to seek protection under Chapter 11 while it restructures its business.
2 min read · 22 January 2013
Corporate finance lawyer Jacques Demers will lead OMERS Strategic Investments, a new investment division tasked with making very large investments for the pension in 'global asset companies' including airports, real estate and energy projects.
2 min read · 22 January 2013
The vehicle, Mid-Atlantic Capital Fund, is the first real estate opportunity fund for the Frederick, Maryland-based real estate company.
1 min read · 22 January 2013
