Zoe Hughes
Glenmont Capital founding partner Larry Kestin expects lenders to get more realistic over prices in 2010. The firm recently acquired a Florida hotel from a bank after the borrower filed for bankruptcy.
Ladder Capital postponed plans for a partial blind-pool REIT after institutional investor appetite waned last September. CEO Brian Harris talks to Zoe Hughes about the future.
Five years after joining the Canadian pension, Mark Wiseman has been elevated to executive vice president, overseeing CPPIB's private equity, public markets and real estate investments.
The Los Angeles-based firm has agreed to buy back the debt of the former Drake Hotel in midtown Manhattan, after developer Harry Macklowe lost control of the site.
Susan Swanezy has joined Hodes Weill & Associates as partner. Swanezy was previously managing director at Credit Suisse’s Real Estate Investment Group.
A PPIP fund raised by The TCW Group has been withdrawn following the departure of the firm’s chief investment officer Jeffrey Gundlach, which triggered a key-man clause.
Interviewed at the PERE Breakfast Club: ULI 2009, Robert Dombi, of Landmark Partners and Jeff Giller, formerly of Liquid Realty Partners, differ on the scale of the secondaries opportunity in 2010.
The Los Angeles-based private equity real estate manager paid $54.7m in cash for the 415-unit apartment building in Denver – $20m less than RREEF paid in 2005.
Thayer will buy $307m for Interstate Hotels & Resorts in a 50-50 partnership with Shanghai Jin Jiang International Hotels. IHR shareholders have yet to vote on the plans.
After months of negotiations, Morgan Stanley has transferred the ownership of five San Francisco offices to AREA, which provided mezzanine financing for the original $2.6bn deal.