Zoe Hughes

Marathon Asset Management is the latest manager to hold a first close on its PPIP fund. PERE Magazine December 2009-January 2010 issue.

Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.

With investor confidence sapped following the Dubai government's decision to seek a six-month “standstill” on the debt of Dubai World and Nakheel, Jones Lang LaSalle says the real danger is sovereign – not corporate – default.

The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.

Fresh off raising $208m from the IPO of its mortgage REIT, Apollo Global says it could raise a series of private equity real estate funds. The firm’s sixth buyout fund has taken a hit following investments in Harrah’s and Realogy.

The current real estate crisis will be worse than the RTC of the 1990s, but a recovery will not gain ‘traction’ until late 2011 or 2012, according to the latest economic trends report from ULI and PricewaterhouseCoopers.

There are many parties at the table in CMBS workout situations. It is still far from clear who the winners will be, if any. PERE November issue.

Jeff Giller has left Liquid Realty after four years as CIO. He hopes to build an investment business to take advantage of the real estate distress. PERE Magazine, November 2009.

The US government has no plans to launch another "large-scale" bailout programme for the commercial property sector, but could help through TARP if the industry faces serious problems, the PREA conference was told today.

General partners have to ‘open their minds’ to investor concerns about fees, control and transparency while limited partners have to move away from the ‘who’s to blame’ conversations, according to David Hodes and Doug Weill.