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Penn Square - Manager News
Savanna Buys 31 Penn Plaza Near Midtown Manhattan's Madison Square GardenOctober 11, 2011
Savanna to buy 21 Penn Plaza for $137M
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...
September 27, 2011
Savanna Buys 31 Penn Plaza Near Midtown Manhattan's Madison Square Garden
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...
September 21, 2011
Savanna Buys 80 Broad St. Office Building in New York's Financial District
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....
July 11, 2011
Waterton Taps Florida Market for a Second Time
CHICAGO, IL - Waterton Residential is continuing to expand its footprint and portfolio
in Florida with its most recent acquisition of Lakeview Cove...
July 11, 2011
Waterton buys North Lauderdale's Lakeview
Cove
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...
June 28, 2011
Blackstone Completes Acquisition of Centro Properties Group US
BRE Retail Holdings Inc., an affiliate of Blackstone Real
Estate Partners VI L.P. ("Blackstone"), today announced that it has closed the previously announced
transaction to purchase the US assets and platform of Centro Properties Group and its managed funds (the "Company") for approximately $9.0 billion.
May 23rd, 2011
Waterton Residential Heads South to
Make Property Venture XI's Latest Mark, 509 Condo Units Within Lansbrook Village
CHICAGO, IL - Florida market will continue to be a focus for investment for Waterton over
the next 12 months...
December 20th, 2010
Carlyle sells largest White Tower asset
The Carlyle Group has sold a large office in London to JP Morgan, just months after acquiring it as part of a wider portfolio for £671m. It was the latest in a busy month of acquisitions for the Wall Street Bank.
October 5th, 2010
Normandy, Five Mile bank $270m profit on Boston Tower
Just 18 months after buying the iconic building, the two firms stand to realise jumbo returns in an otherwise profit-starved property
investment market.
October 4th, 2010
Rockefeller Group buys majority interest in Europa Capital
Rockefeller Group International, the New York-based real estate investment firm, has acquired a majority share in London-based private
equity real estate firm Europa Capital.
July 26, 2010
ARA buys Kuala Lumpur office, gains first Australia exposure
ARA Asset Management has purchased a RM333m, 20-storey office block in Kuala Lumpur on behalf
July 26, 2010
Blackstone chips $52bn in debt off portfolio
The firm has 'reduced, refinanced or extended' more than $52bn
July 13, 2010
New direction beckons for daVinci as Fortress takes control
Troubled Japanese private equity real estate giant daVinci Holdings has ceded control of its platform
July 08, 2010
Carlyle makes UK return with £671m portfolio purchase
Washington-based The Carlyle Group has made its first UK acquisitions since 2008 with the £671m
May 12, 2010
Normandy, Five Mile secure Bain at John Hancock Tower
The Joint owners of New England’s tallest tower have lured private investment firm Bain Capital to take up to 270,000 square
May 05, 2010
Townsend throws down gauntlet to FoFs with senior hire
US real estate specialist consultant, The Townsend Group, beefs up multi-manager business by hiring
December 23rd, 2009
Five Mile gains 50% stake in iconic NYC building
A debt-for-equity swap has given the Connecticut-based firm a substantial stake in the former New York Times headquarters. The building was purchased in 2007 by Africa Israel USA, the subsidiary of billionaire entrepreneur Lev Leviev's real estate investment firm.
December 1st, 2009
NIAM acquires property in Kista
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 by $218 million of existing mortgage loans on the properties.
September 23rd, 2009
After Brushes With Death, Real-Estate Firms Rebound
September 23rd, 2009
Corus Auction Promises Property 'Mark'
September 19th, 2009
From Bear to Bull
James Grant argues the latest gloomy forecasts ignore an important lesson of history: The deeper the slump, the zippier the recovery.
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.
August 24, 2009
Funds Rethink Pulling Plug on Real Estate
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 and $14bn for private equity. Announcing its second quarter results, Blackstone wrote down its real estate portfolio by 19 percent.
August 2009
Timing Investment in U.S. Real Estate: Near the Bottom May Be Close Enough
U.S. real estate capital markets remain extraordinarily opaque as of mid-2009. Evidence has shown that real estate returns are highest for assets bought during or immediately after recessions.
July 9th, 2009
Strategic Partnership Signed between Shui On Land and Redevco - Collaboration of Strengths to Open up Chinese Retail Real Estate Market
Shui On Land Limited announced on July 9th, 2009, the signing of a strategic partnership with European retail real estate magnate Redevco to collaborate on developing the shopping centre section in the Wuhan Tiandi Commercial Cluster of Wuhan Tiandi.
June 29th, 2009
Carlyle expands Iberian presence with local partner
In an effort to find and manage investments in the Iberia region on behalf of its third European real estate fund, the Washington DC-based firm has enrolled the services of a Lisbon-based partner.
June 29th, 2009
Blackstone raises €3.1bn for Europe
The New York firm has sealed its status as the largest raiser of private equity for real estate by closing Blackstone Real Estate Partners Europe III.
June 9th, 2009
Strategic Partnership Signed between Shui On Land and Redevco
Collaboration of Strengths to Open up Chinese Retail Real Estate Market.
June 4th, 2009
Feature: Lone Star well placed to take advantage of current downturn
Dallas-based distressed investor Lone Star Funds, led by the highly private John Grayken, is powerfully positioned to take advantage of the current global economic downturn, according to a profile of the man in the June issue of PERE magazine.
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May 26th, 2009
Report: Blackstone and MGPA mull over bids for Brixton
The Blackstone Group and MGPA have reportedly approached London-based industrial REIT Brixton over a possible bid for the company. Brixton is in need of a cash injection as it comes close to breaching its banking covenants.
May 18, 2009
Carlyle closes £150m sale after two years
The Washington DC-based firm has completed the sale of a London office building after commercial real estate investment firm Menolly Investments dropped its lawsuit challenging Carlyle's completion of the office building's refurbishment.
May 5, 2009
LaSalle raises $300m for Mexico Fund
It is the first fund LaSalle has ever closed specifically targeting Mexico.
April 9, 2009
Blackstone to close European property fund in spring
March 31, 2009
Hancock Tower Sells
Hancock Tower Sells at About Half Price to Normandy and Five Mile.
March 9, 2009
Carlyle raises $500m MENA fund
The global buyout fund has closed its first MENA-focused fund, which had originally targeted up to $1bn.
February 19, 2009
ARA Asset Management posts 8% rise in net profit to $36.7m for FY08
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Real-estate fund manager ARA Asset Management announced that it has posted a net profit of $36.7 million for the financial year ended 31 Dec 2008 (FY2008), an 8% increase from the $34 million achieved in FY2007.