The $15 billion pension fund has promoted Lindsey Adams to senior portfolio manager of real estate, a position that has been vacant for more than two years.
1 min read · 17 January 2013
The Toronto-based asset manager has pulled the plug on an agreement to take over three luxury resort properties in the Bahamas and Mexico from Kerzner International after a Delaware judge granted a temporary restraining order to halt the transaction.
2 min read · 17 January 2013
The London-based property investment has taken over one commingled fund and one separate account from neighbor Invista Real Esatate Management, which has been conducting an orderly break-up.
2 min read · 17 January 2013
The private equity real estate division celebrated this week’s approval from investors to extend the investment period of its latest opportunity fund. But the nod from the parent Morgan Stanley bank was highly important too.
3 min read · 17 January 2013
John Cahill, partner at Paul Hastings, talks to PERE about the recent spate of fund managers competing aggressively to offer investors participating in a first closing fee breaks.
3 min read · 17 January 2013
While private equity real estate firms always offered fee breaks to large investors willing to commit to first closes, it is becoming increasingly clear that competition in giving such incentives is heating up.
2 min read · 17 January 2013
Following a plea from legislators, US regulators have pushed back the comment period on the closely watched Volcker Rule. The move could spell trouble for banks who still face a July compliance deadline.
2 min read · 17 January 2013
The increasingly convoluted fight between the owners of Archstone has become even more complicated, with a mini-trial over Lehman’s injunction against Barclays and Bank of America beginning today.
2 min read · 17 January 2013
The European Association for Investors in Non-Listed Real Estate Vehicles has asked Jeff Rupp to drop his brief involving professional standards in favour of concentrating wholly on public affairs.
2 min read · 17 January 2013
The law firm, better known for its work in the private equity space, has made its first dedicated private equity real estate appointment in Europe, bringing in ex-Clifford Chance lawyer Iain Morpeth, as it sees its clients become more active real estate players.
2 min read · 17 January 2013
