Savanna to buy 21 Penn Plaza for $137M
October 11, 2011
New York-based real estate investor Savanna formed a partnership with the Feil Organization to purchase the office building known as 21 Penn Plaza for $137 million...more (PDF)
Penn Square Real Estate Group is an emerging leader in the field of private equity real estate investing. Founded in 2006 and headquartered in Radnor, Pennsylvania, Penn Square Real Estate Group was established to provide unique access to a program of global and international real estate funds of funds for small-to-mid size institutional and individual investors. Together with our strategic partner and investment manager, The Townsend Group, we offer fund of funds vehicles consisting of top performing and highly sought after private equity real estate funds. Penn Square intends to create global and international real estate fund of funds that seek opportunistic returns.
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Manager News
Savanna Buys 31 Penn Plaza Near Midtown Manhattan's Madison Square Garden
September 27, 2011
Savanna, a New York-based real estate private-equity firm, bought 31 Penn Plaza, an 18-story office building near midtown Manhattan's Madison Square Garden and Penn Station...more (PDF)
Savanna Buys 80 Broad St. Office Building in New York's Financial District
September 21, 2011
Savanna, a New York-based real estate private-equity firm, acquired 80 Broad St. in Manhattan's financial district after taking control of the senior mortgage earlier this year...more (PDF)
Waterton Taps Florida Market for a Second Time
July 11, 2011
CHICAGO, IL - Waterton Residential is continuing to expand its footprint and portfolio in Florida with its most recent acquisition of Lakeview Cove...more (PDF)
Waterton buys North Lauderdale's Lakeview Cove
July 11, 2011
Chicago-based Waterton Residential is continuing to grow its Florida portfolio with its purchase of the 224-unit Lakeview Cove in North Lauderdale. Lakeview Cove, originally developed by American Land Co., is the fourth asset acquired this year...more (PDF)
Blackstone Completes Acquisition of Centro Properties Group US
June 28, 2011
BRE Retail Holdings Inc., an affiliate of Blackstone Real Estate Partners VI L.P. ("Blackstone"), today announced that it has closed the previously announced...more (PDF)
Waterton Residential Heads South to Make Property Venture XI's Latest Mark, 509 Condo Units Within Lansbrook Village
May 23, 2011
CHICAGO, IL - Florida market will continue to be a focus for investment for Waterton over the next 12 months...more (PDF)
Carlyle sells largest White Tower asset
Decemeber 20th, 2010
The Carlyle Group has sold a large office in London to JP Morgan, just months after acquiring...more (PDF)
Normandy, Five Mile bank $270m profit on Boston Tower
October 5th, 2010
Just 18 months after buying the iconic building, the two firms stand to realise...more (PDF)
Rockefeller Group buys majority interest in Europa Capital
October 4th, 2010
Rockefeller Group International, the New York-based real estate investment firm, has acquired ...more (PDF)
ARA buys Kuala Lumpur office, gains first Australia exposure
July 26, 2010
ARA Asset Management has purchased a RM333m, 20-storey office block in Kuala Lumpur on behalf ...more (PDF)
Blackstone chips $52bn in debt off portfolio
July 26, 2010
The firm has 'reduced, refinanced or extended' more than $52bn ...more (PDF)
New direction beckons for daVinci as Fortress takes control
July 13, 2010
Troubled Japanese private equity real estate giant daVinci Holdings has ceded control of its platform ...more (PDF)
Carlyle makes UK return with £671m portfolio purchase
July 08, 2010
Washington-based The Carlyle Group has made its first UK acquisitions since 2008 with the £671m ...more (PDF)
Normandy, Five Mile secure Bain at John Hancock Tower
May 12, 2010
The Joint owners of New England’s tallest tower have lured private investment firm Bain Capital ...more (PDF)
Townsend throws down gauntlet to FoFs with senior hire
May 05, 2010
US real estate specialist consultant, The Townsend Group, beefs up multi-manager business by hiring ...more (PDF)
Five Mile gains 50% stake in iconic NYC building
December 23, 2009
A debt-for-equity swap has given the Connecticut-based firm a substantial stake in ...more (PDF)
November 6th, 2009
Blackstone buys 60% stake in two US malls
The majority acquisition of the Lloyd Center in Portland, Oregon and WestShore Plaza in Tampa, Florida, is financed...more (PDF)
September 23rd, 2009
After Brushes With Death, Real-Estate Firms Reboundmore (PDF)
September 23rd, 2009
Corus Auction Promises Property 'Mark'more (PDF)
September 19th, 2009
From Bear to Bull ...
James Grant argues the latest gloomy forecasts ignore an important lesson of history...more (PDF)
September 7th, 2009
Managers eager to get a crack at banks
Real Estate money managers are joining private equity firms in the line to buy failed banks...more (PDF)
August 24th, 2009
Funds Rethink Pulling Plug on Real Estatemore (PDF)
August 6th, 2009
Blackstone has $29bn in dry powder
The New York-based investment manager has $12.4bn of capital to deploy to real estate... more (PDF)
August 2009
Timing Investment in U.S. Real Estate:
U.S. real estate capital markets remain extraordinarily opaque as of mid-2009... more (PDF)
July 9th, 2009
Strategic Partnership Signed between Shui On Land and Redevco
Shui On Land Limited announced on July 9th, 2009, the signing of a strategic... more (PDF)
June 29th, 2009
Carlyle expands Iberian presence with local partner
In an effort to find and manage investments in the Iberia region... more (PDF)
June 29th, 2009
Blackstone raises €3.1bn for Europe
The New York firm has sealed its status as the largest raiser of private equity... more (PDF)