Beacon Capital Partners related stories
All articles and analysis
The Wall St reshuffleWith most legacy bank platforms now gone from the ranking and the real estate arms of Morgan Stanley and Goldman experiencing a dip in qualifying fundraising activity, this year’s PERE 50 looks significantly different from years past.
- Minneapolis office sold for $255m
Hallandale, Florida-based Beacon Investment Properties is poised to purchase the IDS Center in downtown Minneapolis for $255 million. The deal comes on the heels of Angelo Gordon and City Center Realty Partners buying a nearby downtown tower for nearly $44 million.
- Comment: Is FinCEN your next watchdog?
A proposal in the works would have US-based GPs report any suspicious trading to financial regulators – that is unless the industry could convince them the rule would be superfluous in the private equity and real estate spheres.
- Friday Letter Going, going, gone
Why the auction of Boston’s John Hancock Tower this week marks a very public end to Broadway Partners’ debt-driven strategy, and the beginning of a new era of bargains.
- Friday Letter To dip or not to dip
A long-time New York real estate operator is pondering the launch of its first commingled investment fund. The wisdom of testing new waters during the current fundraising environment, however, is debatable.
- Beacon sells DC trophy office for $209m
Beacon Capital Partners has sold an 80 percent stake in a Washington DC office property to Edge Fund Advisors and HSBC Alternative Investments. The transaction marks the second major office investment made by Edge and HSBC in the past six months.
- Tishman restructures $175m Seattle office debt
The firm will invest a reported $15m of new capital into an office complex located in the heart of downtown Seattle to ensure ‘a firm financial footing’ until 2017 when the debt is set to mature.
- Beacon refinances €600m Paris tower
The Boston firm has secured an agreement from German bank, Deutsche Pfandbriefbank, to renew and extend a €600m acquisition and development facility of the ‘Tour First’ tower in La Defense near Paris.
- RREEF swaps global head
Pierre Cherki will relocate to New York to lead the real estate investment arm of Deutsche Bank, while current incumbent Chuck Leitner will lead a global alliance to ‘green’ real estate.
- Rockpoint hires ex-Beacon capital raising exec
Hank Midgley will lead the firm’s investor relations and capital raising activities. He takes over from principal Kathryn Corro.