The loan to the $1.2bn Triangle Expressway project is being extended under the government’s TIFIA credit programme. The remaining financing will include $271m of toll revenue bonds and $343m of ‘Build America Bonds’ authorised by the economic stimulus bill.
3 min read · 08 February 2013
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
1 min read · 08 February 2013
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
1 min read · 08 February 2013
Guy Hands’ firm is in discussions with Citi about restructuring the $5.5bn debt burden weighing on EMI. The music group – home to such stars as Coldplay and REM – accounts for 30% of Terra Firma’s two latest buyout funds.
2 min read · 08 February 2013
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
1 min read · 08 February 2013
As private fund managers look to the US public markets to raise capital, one public REIT is looking to a private fund to take advantage of the downturn. By Zoe Hughes
2 min read · 08 February 2013
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
2 min read · 08 February 2013
The San Francisco-based firm has acquired the wireless communications arm of German tech firm Infineon.
2 min read · 08 February 2013
A consortium led by the firm has revised its earlier proposal to buy Energy Developments at an amended price of A$430m. Should the deal complete it would be Archer's first in the renewable energy sector.
2 min read · 08 February 2013
The founder and chairman of the Dublin-based firm Quinlan Private is stepping down this month. He has been gradually withdrawing his day-to-day involvement with the firm for at least a year and has been investing his personal wealth in property deals.
2 min read · 08 February 2013
