Alison Granito
French property executive Leon Bressler will join the investment bank as a London-based partner to oversee its real estate activities.
The deal would be the largest private transaction on record and also includes prime office buildings in Los Angeles, Washington DC and Denver.
The partnership between NRDC and Apollo has also hired Christina Johnson, the former chief executive of Saks Fifth Avenue, in the latest example of top retail talent making the jump to private equity.
Through its new opportunity fund, the Toronto-based real estate investment firm has purchased 5.3 million square feet of space from an affiliate of JP Morgan Chase.
The Texas-based private equity firm has bought the previously unaffiliated Lone Star Steakhouse chain for $600m.
The New York-based firm will acquire the publicly traded owner of ski resort Whistler Blackcomb, a host for the 2010 Olympics.
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
The second real estate vehicle from the UK-based private equity firm will largely stick with the investment strategy of its predecessor.
The global private equity giant has paid $150 million for Brandywine Senior Care.
A consortium led by the Australian bank has paid $1.6 billion for Pittsburgh utility Duquesne Light Holdings.
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