The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.
2 min read · 05 January 2013
The private equity and real estate investor has sold a Frankfurt data centre for $28m to data services firm Equinix. The technology centre was the final asset to be sold from a 25-building portfolio bought by GI in 2004. The firm made a 3.7x multiple on the deal.
1 min read · 05 January 2013
The private equity platform has paid $116m cash and assumed $136.5m of a $182m mortgage for a controlling interest in a 1.4m sq. ft Colorado shopping centre. Macerich has been a net seller of assets in 2009 to date.
1 min read · 05 January 2013
Michael Latimer was previously chief executive of the Canadian pension’s real estate arm, Oxford Properties. The appointment will allow the C$44bn fund’s CEO, Michael Nobrega, to focus on creating a multi-billion dollar 'alliance' to target large scale infrastructure and real estate assets.
2 min read · 05 January 2013
The Los Angeles-based private equity firm builds on its knowledge of the renal healthcare system in the US acquiring long-term care company, Covenant Care. Covenant has 43 nursing homes and three residential care facilities in seven US states.
2 min read · 05 January 2013
Jacqueline Brady, Margaret Blakely, Brent Morris and five others have joined Urdang as part of the firm’s push into real estate debt. The team will help advise two multi-billion dollar Capmark funds.
1 min read · 05 January 2013
Together with private equity firm MBH Enterprises, Scott Roth, Patti Unti and Jimmy Parsley have created Ventras and marked their first deal by buying 12 management contracts from Capmark.
3 min read · 05 January 2013
The Chinese sovereign wealth fund has held talks with BlackRock, Invesco and Lone Star as it looks to the US real estate market and distressed mortgage securities, according to the Wall Street Journal.
1 min read · 05 January 2013
The Singapore developer and real estate investment firm looks to increase its exposure to Asia’s emerging markets just as it sells the Capital Tower Beijing complex for $352m. It first acquired the property three years ago, while it was under construction.
1 min read · 05 January 2013
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.
2 min read · 05 January 2013
