Ved Prakash Arya leaves behind a wife and two children. Peers are already paying tribute, one contemporary describing him as "a pioneer" and "an inspiration".
3 min read · 18 January 2013
Days after pulling out of a joint bid with Chatham Lodging Trust to buy a 64-strong hotel portfolio from bankrupt hotel REIT Innkeepers Trust USA the New York private equity firm is considering returning with a lower bid.
2 min read · 18 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 18 January 2013
PERE responds to those asking if the publication’s London staff are barricaded in.
4 min read · 18 January 2013
Joseph Cari, a lawyer and former director at Healthpoint Capital Partners, pleaded guilty to aiding a plot to demand a $850,000 kickback from JER Partners, which sought an $85 million commitment from the Illinois Teachers Retirement System.
2 min read · 18 January 2013
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
3 min read · 18 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
As world markets tumble, one firm in Saudi Arabia believes now is the right time to break ground on the world’s first 1km tower.
3 min read · 18 January 2013
The former account leader for the professional service firm’s Building, Construction and Real Estate practice has been chosen to succeed current leader Ray Milnes, who plans to retire later this year.
2 min read · 18 January 2013
Oregon’s public employee pension plan has made its first commitment to a unique account with Prologis that will invest in several of the firm’s real estate funds over the next three years.
2 min read · 18 January 2013
