Retail REIT General Growth has collapsed, and private equity real estate is best positioned to pick up the pieces.
2 min read · 08 February 2013
The US’ second largest mall owner, burdened with $27.3bn of debt, has ‘reluctantly’ filed for Chapter 11 bankruptcy protection after unsuccessfully trying to refinance its loans out of court. The REIT has obtained $375m of DIP financing from investment firm Pershing Square to continue operations.
2 min read · 08 February 2013
Macquarie Infrastructure Company has 45 days to explain to the exchange how it plans to regain compliance with a minimum market capitalisation standard of $75m.
2 min read · 08 February 2013
The president continued filling out the top echelon of the department by selecting Maryland Department of Transportation head John Porcari as deputy secretary.
2 min read · 08 February 2013
The famous investment banker credited with saving New York City from bankruptcy in the 1970s is now an advocate for greater federal spending on infrastructure, including public school buildings, which he called ‘a disgrace’ during a Sunday television program on CNN.
2 min read · 08 February 2013
The turnaround specialist, which has seen about 10 of its portfolio companies tumble into bankruptcy since last year, has extended debtor-in-possession loans to two of its bankrupt companies and plans to control them after they emerge from Chapter 11.
3 min read · 08 February 2013
Toll-road titillation and why infrastructure is family friendly
4 min read · 08 February 2013
Editor's Letter
3 min read · 08 February 2013
Cezary Podkul breaks down Citi Infrastructure Investors’ $2.5bn all-equity bid for Chicago’s Midway airport.
8 min read · 08 February 2013
Cezary Podkul takes an insider’s look at how infrastructure financier Babcock & Brown amassed – and lost – an A$14 billion empire built on debt.
8 min read · 08 February 2013
