Three industry titans vie for one prestigious PERE award. Have you cast your vote? Polls close on 3 February for the third annual PERE Global Awards and competition is fierce. Will MGPA or GIC take the Asian firm of the year award. Will Niam/Goldman Sachs beat competition from AIG for European exit of the year?
2 min read · 05 January 2013
Chris Macke, former GE Real Estate vice president, has set up his own firm, General Equity Real Estate, to target single-tenant commercial properties. He will be joined by other GE Real Estate net lease professionals in the near future.
1 min read · 05 January 2013
The Boston-based private equity real estate arm of Fidelity Investments, run by Michael Elizondo, is seeking investor approval to spin out on its own.
1 min read · 05 January 2013
In the latest changes at the Chicago-based private equity firm, Brian Newman and Michael Wilson have formed Ceres Real Estate Partners together with iStar veteran Jeffrey Digel.
2 min read · 05 January 2013
Pine Brook Road Partners, along with Goldman Sachs, JPMorgan, PartnerRe and Renaissance Re, has pumped $500m into Essent - a new private mortgage insurance company targeting US residential loans.
1 min read · 05 January 2013
Senior partner Lee Neibart explains the firm’s decision to change its name to AREA Property Partners in an interview with PERE magazine and where its focus will be in the future.
2 min read · 05 January 2013
The Los Angeles-based private equity real estate firm has stopped negotiations for a possible investment in MGM’s struggling casino development, City Center. Also, Colony chairman Tom Barrack says the real estate market is in the 'tank' and predicts the best opportunities will be in the banking sector.
2 min read · 05 January 2013
The Los Angeles-based private equity real estate firm is considering a possible investment in the City Center project, according to sources. Colony is trying to help ‘both sides’ resolve the project’s problems.
2 min read · 05 January 2013
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
1 min read · 05 January 2013
The Wisconsin State Investment Board has committed an additional $40m to two real estate funds to help them delever, including $10m to Fortress’ Fund III.
2 min read · 05 January 2013
