An uptick in real estate investment activity by SWFs in 2008 may indicate a long-term investment trend, including helping to fill the debt financing void, according to a Deloitte report.
2 min read · 05 January 2013
The former global co-head of asset management for Lehman Brothers private equity real estate, John McCarthy, has left to join Barry Sternlicht’s Starwood. Jeffrey Disher steps down as head of asset management to return to his earlier role leading Starwood’s acquisitions team.
1 min read · 05 January 2013
The global investment firm’s $8.8bn MSREF VI International fund will reportedly tack on the latest losses onto an existing $1bn shortfall. Morgan Stanley is still fundraising for Fund VII, which has closed on $6bn of commitments against a target of $10bn.
2 min read · 05 January 2013
The Singapore government’s real estate investment firm has renamed ProLogis Asian Operations as Global Logistic Properties after buying out the majority of ProLogis’s investments for $1.3bn.
1 min read · 05 January 2013
The global financial services firm lost $319m in the first quarter of 2009 primarily due to losses on its private equity and real estate investments.
1 min read · 05 January 2013
Daniel Cummings, formerly of The Carlyle Group and LaSalle Investment Management, will reportedly take over as managing director of real estate investment for Harvard University’s endowment. The position has been vacant since 2007.
2 min read · 05 January 2013
Whitehall Street's 2007 real estate fund saw its equity wiped out on a number of boom era investments, according to The Wall Street Journal.
1 min read · 05 January 2013
The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.
2 min read · 05 January 2013
The Los Angeles-based real estate investment firm has hired Richard Bosworth, who has a background managing non-performing hotel and casino loans, to oversee its hospitality investments.
1 min read · 05 January 2013
The Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
2 min read · 05 January 2013
