Jonathan Brasse
Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
A state-run finance hub is planning a package of fee cuts in a bid to attract REITs and property funds in invest in the emirate. However, property experts warn it might not be enough to warrant the risk.
Sheikh Mohammed bin Rashid Al Maktoum, the ruler of the Dubai, has created a Dubai Government Media Office to handle PR for the emirate. The move follows strong criticism of the handling of the Dubai World debt crisis.
Colony Capital, the Los Angeles-based private equity real estate firm led by Tom Barrack, has purchased approximately $1bn in commercial mortgages from the Federal Deposit Insurance Corporation. The deal marks the first significant offload by the state-run organisation this year.
MVision, the private equity placement agent business led by Mounir Guen, has appointed Mitchell Sikora and Scott Arden from JT Partners to boost its real estate services offering.
A debt-for-equity swap has given the Connecticut-based private equity and real estate firm a substantial stake in the former New York Times headquarters.
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.
The real estate platform of Leon Black-led Apollo is vying with ING and Australia’s Macquarie Group to buy the management of the $8bn private equity real estate business of Citigroup
Abu Dhabi has committed $10 billion to help neighbouring Dubai meet is debt obligations, including its $4.1 billion Islamic bond, which matured today.
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
California-based Colony Capital and London-based Orion Capital Managers are to buy up to €1.5bn of debt from Goldman Sachs loaned to struggling Spanish property company Colonial for €950m. The partners "stand to profit handsomely" from the deal, The Wall Street Journal said.