Jonathan Brasse
Bain Capital has taken out a 15-year lease in New England’s tallest tower, boosting its Boston office space by 154,000 square feet.
Merrill Lynch’s global real estate principle investments division has halted plans to offload its Asian real estate investment management business. The platform may be placed on the market again late second quarter 2010.
Abu Dhabi has committed $10 billion to help neighbouring Dubai meet is debt obligations, including its $4.1 billion Islamic bond, which matured today.
The plan by the Asian Association for Investors in Non-Listed Real Estate Vehicles to adopt the working guidelines and practices of its older European counterpart, INREV, is laudable and deserves support, but the real work is just beginning. ANREV’s first step: a tricky game of chicken and egg.
Asia’s association for unlisted real estate vehicles will adopt the “ready-made” framework used by INREV, which will help the sector be more transparent and become better governed, according to Nick Loup, chairman of ANREV and chief executive officer of Grosvenor.
How a New York multifamily complex became a middle class utopia and a battlefield. PERE magazine December 2009-January 2010 issue
The Chicago-based firm has been appointed by the Teacher Retirement System of Texas to co-invest in opportunities in North America first and then on a global basis.
LaSalle Investment Management and ING Real Estate Investment Management remain on a whittled-down shortlist to buy the management of the Wall Street Bank’s Asian Real Estate opportunity Fund and its other Asian real estate holdings.
The latest research by INREV, the European Association for investors in non-listed real estate funds, has revealed that almost 90% of investors in non-listed vehicles are concerned that funds they have invested in are likely to breach loan covenants.
The Chinese Sovereign Wealth fund has reportedly shortlisted nine fund managers taking part in the US Public-Private Investment Plan.