Private Equity
WeWork is considering two financial rescue plans, the New York Times reported. One plan would hand control of the business to SoftBank of Japan, its biggest shareholder, and another that would raise billions of dollars of debt with the help of JPMorgan Chase, the story said. WeCompany directors are to meet Monday afternoon to decide on the packages, the NYT said.
1 min read · 14 October 2019
Starwood Capital Group has named Kevin Lee as managing director and head of real estate for Asia. Lee is rejoining Starwood from Lone Star Funds where he was managing director responsible for the firm's investments in Asia.
3 min read · 11 October 2019
Compass Acquisition Partners, a real estate investment firm, has named Lynn Owen as CEO. Previously, she was chief operations officer at TruAmerica Multifamily.
2 min read · 10 October 2019
Avison Young, which is backed by Caisse de dépôt et placement du Québec, has acquired Phoenix-based Strategic Retail Group, a retail brokerage practice. No financial terms were disclosed. Avison is a Toronto-based commercial real estate services provider. SRG is rebranded as Avison Young with nine SRG staffers joining Avison Young in Phoenix.
5 min read · 08 October 2019
Victor Capital Partners has made an investment in New York City-based CodeGreen Solutions, a provider of energy management and sustainability services for the commercial real estate industry. No financial terms were disclosed.
4 min read · 08 October 2019
Nuveen Real Estate has acquired a national logistics portfolio exceeding 100 properties across 12 markets. The value of the portfolio is about $3 billion.
2 min read · 07 October 2019
Capital Square, a sponsor of tax-advantaged real estate investments, has promoted Julia Bard to chief operations officer. Previously, she was executive vice president.
2 min read · 03 October 2019
Fortress Investment Group has extended its tender offer for Unizo Holdings for a second time, Reuters reported. Fortress’s offer was thrown into doubt after Unizo last week said that Fortress hadn’t met its demand for a higher offer price or it concerns about the employment of its current staff, the story said.
1 min read · 03 October 2019
Heitman LLC, a real estate investment management firm, has acquired Leyhoeve Tilburg, a 285-unit luxury senior living residence in Tilburg, the Netherlands. The seller was Bonita Groep. No financial terms were disclosed.
2 min read · 02 October 2019
Scottsdale, Arizona-based SmartRent, a provider of smart home automation for property managers and renters, has secured an undisclosed amount of funding. The investor was Amazon Alexa Fund.
1 min read · 02 October 2019
