The specialist European retail private equity real estate firm has so far secured €130m of commitments as it seeks to raise its second fund.
2 min read · 17 January 2013
The $627bn sovereign wealth fund has merged its Real Estate Department and Infrastructure Department as it seeks to streamline functions.
2 min read · 17 January 2013
A Baltimore-based investment firm has raised $180 million to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.
4 min read · 17 January 2013
Deutsche Bank’s aborted sale of RREEF and the other parts of its asset management arm was a bit of a waste of time.
3 min read · 17 January 2013
A venture between AREA and Vantage Properties has sold the Savoy Park apartment complex in Harlem to a fund created by Citigroup and L&M for $210 million.
2 min read · 17 January 2013
The Morristown, New Jersey-based firm has teamed with New York Life to buy 575 Lexington Avenue from CalSTRS and developer Larry Silverstein.
2 min read · 17 January 2013
Mark Costello, managing partner of Ernst & Young’s Americas Construction & Real Estate Advisory Services practice, has been appointed global leader of the global accounting and consulting firm’s global real estate advisory practice.
2 min read · 17 January 2013
Joe Azelby, a one-time professional American football player, has built JPMorgan’s core US real estate platform into a global real assets business with $60 billion under management. In an interview with PERE, he explains why he is a fan of diversity, why investors need to change their attitude towards allocation and why he ultimately is glad that his football career was short. By Robin Marriott. PERE Magazine June 2012 issue.
10 min read · 17 January 2013
The bank has bought a $100 million portfolio of assets in Paris despite a general approach of ‘caution’ towards Europe.
4 min read · 17 January 2013
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
2 min read · 17 January 2013
