The US Senate has approved the $700bn financial bail-out plan allowing the US Treasury to buy distressed assets in the form of securities backed by home mortgages. The US House of Representatives is expected to vote on the bill Friday.
2 min read · 05 January 2013
The fall-out from the collapse of investment banking giant Lehman Brothers could have long-term implications on the real estate investing marketplace, according to private equity real estate professionals, but at the moment most investors are adopting a wait-and-see attitude.
3 min read · 05 January 2013
Joseph Azrack, the former president and CEO of Citi Property Investors, will join Leon Black’s new real estate arm, a separate entity from the veteran real estate firm named Apollo Real Estate. Apollo Global's operation will focus, initially, on distressed debt and recapitalizations.
3 min read · 05 January 2013
Private real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.
2 min read · 05 January 2013
The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.
2 min read · 05 January 2013
The private real estate investment firm is purchasing two office towers in New York City from Deutsche Bank, which seized the assets from New York-based Macklowe Properties.
1 min read · 05 January 2013
Joseph Azrack, the former president and CEO of Citi Property Investors, will join Leon Black’s new real estate arm, a separate entity from Apollo Real Estate. The latter firm was launched in 1993 in conjunction with Apollo, but no longer has an official affiliation with the buyout firm.
3 min read · 05 January 2013
The Pennsylvania Public School Employees’ Retirement System has also approved €150m for Nordic Capital's latest buyout vehicle.
1 min read · 04 January 2013
EV Energy Partners, formed by Enervest in 2006, will acquire 440 producing wells as well as oil and gas reserves.
1 min read · 04 January 2013
US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
2 min read · 04 January 2013
