Eva Poon
With retailers in the West taking a beating, GPs are eyeing recession-resistant investments. The outlook is less bleak in the emerging markets. And distressed retail is in fashion for those with cash in their wallets. PERE Magazine December 2008/January 2009
Gary Stevens is suing his former employer, Landmark Partners, for breach of contract amid allegations the firm failed to keep a promise over compensation. PERE magazine December 2008/January 2009 issue
The real estate services firm has added a new managing director in its Poland office as it continues to target the country’s growing real estate market. CBRE advised on the sale of GE Real Estate's 3 Stawy shopping centre in Poland in October to German investment firm, Union Investment Real Estate.
Property markets in the Middle East and India are underserved in terms of luxury real estate developments, according to Donald Trump Jr, son of real estate mogul Donald Trump. Trump Jr is reportedly raising $1bn to target high-end real estate projects in India, with an initial focus on Mumbai.
The private equity real estate firm will invest in value-added and development opportunities in the region through its second Asia-focused real estate vehicle, according to US pension documents. It raised $410m for its first Asia-focused fund three years ago.
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
The vehicle, Mid-Atlantic Capital Fund, is the first real estate opportunity fund for the Frederick, Maryland-based real estate company.
Real estate investment firm Intercontinental Real Estate Corporation has acquired a portfolio of six industrial buildings in Arizona, just as Chicago-based Harrison Street Real Estate Capital scooped up 19 self-storage properties across the US.
The real estate investment firm has appointed Scott Dwyer to develop its business in Central Europe, just as it is reportedly raising $750m for a follow-on China fund.
A joint venture between Australian firms, The Goodman Group and Macquarie Group, is capitalising on continued demand in Japan’s logistics property sector through two new real estate funds. The vehicles have already received A$106m of committed capital to date.