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
The Los Angeles-based private equity real estate firm, famed for its opportunistic plays, is expanding into new areas. The move is being spearheaded by Colony president Richard Saltzman, the man credited with creating the first real estate opportunity fund and the modern-day REIT.
2 min read · 22 January 2013
Zoning is changing in the US. Urban sprawl is making way for smarter, more dense, communities where people live where they work and play. But as private equity real estate firms understand only too well, it's an extremely slow process. By Zoe Hughes
10 min read · 22 January 2013
