The Los Angeles-based firm has agreed to buy back the debt of the former Drake Hotel in midtown Manhattan, after developer Harry Macklowe lost control of the site.
2 min read · 05 January 2013
Thayer will buy $307m for Interstate Hotels & Resorts in a 50-50 partnership with Shanghai Jin Jiang International Hotels. IHR shareholders have yet to vote on the plans.
2 min read · 05 January 2013
With competition mounting for a portfolio of hotel loans seized from a failed Georgia bank, one family office says the way to FDIC success is through single-asset sales. PERE magazine April issue 2010
3 min read · 05 January 2013
The New York-based firm has helped Hilton buy back $1.8bn of debt and convert $2.1bn of junior mezzanine debt into preferred equity.
1 min read · 05 January 2013
Jennifer Aleman Hutter and Elizabeth Weiner have formed a consulting firm, focused solely on the GP-side of the placement business.
1 min read · 05 January 2013
Ladder Capital postponed plans for a partial blind-pool REIT after institutional investor appetite waned last September. CEO Brian Harris talks to Zoe Hughes about the future.
3 min read · 05 January 2013
Bill Thompson, Walter Stackler, Pamela Wright and Fredrik Elwing have all left to join the New York-based bank. Greenhill said its expansion into the real estate capital raising business was a ‘natural step’.
2 min read · 05 January 2013
The Los Angeles-based real estate fund manager has appointed former TPG exec Justin Chang to lead its push into private equity.
2 min read · 05 January 2013
Limited partners urged to start serious discussions with GPs about portfolio and asset valuations, as institutional investors attempt to choose tomorrow’s winners.
3 min read · 05 January 2013
Jeff Giller has left Liquid Realty after four years as CIO. He hopes to build an investment business to take advantage of the real estate distress. PERE Magazine, November 2009.
3 min read · 05 January 2013
