Prudential Real Estate Investors has disposed of a 570,000-sq-ft office to US REIT KBS. It comes as the real estate investment firm also repaid $145m of a $616m credit facility with JV partner Kimco Realty.
2 min read · 08 February 2013
These 15 firms have the skills and strategies to dominate the real estate wasteland, say market insiders. PERE Magazine September 2009.
10 min read · 08 February 2013
Fundraising for Asia-focused funds may have stalled, but it has less to do with Asia than it has to with a slowdown in the pace of investments globally, writes Siddharth Poddar.
9 min read · 08 February 2013
The 'European-style' waterfall is gaining traction in North America, but US general partners need not fear this trend.
5 min read · 08 February 2013
The payment will reimburse the Spanish toll road developer for post-award bid costs related to the procurement of the $5bn State Highway 121 project in North Central Texas. The US Department of Transportation has previously argued that Texas' procurement process for the project violated federal law.
3 min read · 08 February 2013
The state’s department of transportation will not reach commercial close on the project this month due to local concerns and challenging credit market conditions. The project is to be 100% financed by a concessionaire that includes Sydney toll road developer Transurban and US engineering firm Fluor.
2 min read · 08 February 2013
The Swiss-based alternatives firm which advises some of the largest investors in the world says only very few markets such as the UK have reached the ‘late downturn’ stage. The finding comes as Blackstone is tipped to buy a 50 percent stake in a London office complex for £150m.
2 min read · 08 February 2013
New regulations proposed by the White House could force a significant number of 'foreign advisers' to register with the SEC, depending on their assets and number of clients in the US.
3 min read · 08 February 2013
Former Istithmar managing director Richard Johnson has resigned from his post as the chief executive officer of a jointly managed real estate fund by his old employer and current employer Standard Chartered.
2 min read · 08 February 2013
The Chinese Sovereign Wealth fund has reportedly shortlisted nine fund managers taking part in the US Public-Private Investment Plan.
2 min read · 08 February 2013
