Five Mile Capital Partners related stories
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FEATURE: Chapters in historyThe Chapter 11 filings of GGP and Extended Stay fuelled visions of steep discounts to be had for investors willing to wade into the quagmire of the US bankruptcy courts. Opportunities borne out of bankruptcy, however, are limited – and only for those with plenty of cash to invest. PERE Magazine, December 2010/January 2011 issue.
- Bain to expand Boston footprint
Bain Capital has taken out a 15-year lease in New England’s tallest tower, boosting its Boston office space by 154,000 square feet.
- PERE Awards 2009: North America winners
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue
- PERE Awards 2009: Global winners
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners.
- Five Mile gains 50% stake in iconic NYC building
A debt-for-equity swap has given the Connecticut-based private equity and real estate firm a substantial stake in the former New York Times headquarters.
- Making an elephant dance
Despite Prudential Real Estate Investors' global heft, chief executive officer Allen Smith believes the firm is as nimble, and flexible, as any boutique operation. By Zoe Hughes
- Normandy hires ex-Broadway VP to take charge of Hancock Tower
Fresh from acquiring the landmark John Hancock Tower out of foreclosure, the private equity real estate firm has appointed Mark Roopenian to manage it and other properties in Boston. Roopenian was previously with former Hancock Tower owners Broadway Partners.
- Broadway hands back three ex-Beacon properties to Lehman
The New York-based private equity real estate firm has restructured $459m in mezzanine loans with Lehman Brothers, which had been due in May. However it means handing back three properties and giving full control of seven others to the bank. The properties were purchased from Beacon Capital in 2007.
- Macklowe office stake taken over by Caisse subsidiary
Otera Capital Corp, part of Canadian pension fund Caisse de depot et placement du Quebec, has reportedly bought part of the 1330 Avenue of the Americas building after the property developer defaulted on a $130 million mezzanine loan.
- FEATURE Tranche warfare
There are many parties at the table in CMBS workout situations. It is still far from clear who the winners will be, if any. PERE November issue.