The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.
2 min read · 05 January 2013
The portfolio of 17 multifamily properties in five US states is a joint venture with JRK Birchmont's parent company, JRK Holdings. REIT AIMCO sold the properties owing to the dislocation in the credit markets, JRK said.
1 min read · 05 January 2013
Private equity and foreign investors will gain ‘traction’ in 2009 as the real estate markets deleverage. The US market will be a particular target, according to a Jones Lang LaSalle study. Borrowers could struggle to refinance loans in 2009 and 2010, even if the 'underlying property is performing'.
2 min read · 05 January 2013
The Larkspur, California-based private equity and real estate firm is hoping to close on its $50m LRG Capital Hospitality Fund in the next few months. The vehicle will target early-stage restaurants affected with large debt loads.
2 min read · 05 January 2013
The Los Angeles-based private equity firm has sold the Breakwater Edison hotel on Miami’s famed Ocean Drive for $25m.
2 min read · 05 January 2013
The Oman Investment Fund acquires half of the hotel chain from the Dublin-based private equity real estate firm, just one year after Quinlan purchased Jurys Inns for €1.17bn. The deal will allow Quinlan to take advantage of falling real estate values in the UK.
2 min read · 05 January 2013
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
2 min read · 05 January 2013
The Los Angeles-based private equity firm has joined forces with California's Ryland Group to acquire and develop residential lots. Oaktree plans to exit the investments by selling finished lots to developers, including Ryland.
1 min read · 05 January 2013
Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.
1 min read · 05 January 2013
The $28bn Alaska Permanent Fund says it's a 'difficult time to be an investor' as it saw heavy losses in the public real estate markets in 2008. Overall, Alaska’s real estate portfolio lost around 8% of its value, with its REIT investments falling almost 50%.
1 min read · 05 January 2013
