Zoe Hughes
Canada has the most transparent commercial real estate market in the world but Dubai, Romania, Ukraine and Russia show the biggest improvement in transparency levels over the past two years, according to a report from Jones Lang LaSalle.
The wealth management arm of the Bank of New York Mellon has appointed former Citi executive Ted Berenblum to lead the firm’s expansion of private equity, real estate and infrastructure investments.
The wealth management arm of the Bank of New York Mellon has appointed former Citigroup executive Ted Berenblum to lead the firm’s expansion of private equity, real estate and infrastructure investments.
The New York-based private equity real estate firm acquires the Hilton Dallas Lincoln Center through its latest value enhancement fund for $72m.
Starwood Land Ventures, an affiliate of the private equity real estate firm Starwood Capital Group, is set to take advantage of the credit squeeze by targeting residential land deals, developments and homebuilders in Houston.
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt.
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt. Real estate managers occupied the top nine positions, managing 62 percent of pension fund assets.
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
The private equity real estate firm headed by Barry Sternlicht calls for greater personal responsibility towards the environment as he announces a $200m deal to develop a luxury sustainable condo-hotel on the Pacific coast.
Indian development firm GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005.