Eva Poon

The San Francisco-based private equity real estate firm has acquired the Oyster Point Business Park and Oyster Cove Marina in San Francisco.

The Indian developer has secured $300m in capital commitments from global investors for its Unitech International Real Estate Fund and is expecting to raise another $300m before the close of the year.

LaSalle Investment Management acquires three office properties in Germany as the firm continues to expand its presence in Europe. It recently opened an office in Milan and created a special situations team in Europe.

The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.

The Boca Raton-based private investment firm has acquired two coated-recycled board mills in Pennsylvania and Indiana from a subsidiary of the Graphic Packaging Holding Company.

Frank Scavone has joined the Los Angeles-based real estate investment firm to develop new investment programs for the firm. The appointment follows a recent string of real estate appointments in the firm’s US and European operations.

Emerging markets in Asia are very much on the private equity real estate map as fund managers channel significantly more capital to the region. The first half of 2008 saw funds target $30.4bn through dedicated Asia funds focusing on countries from China to Cambodia and India. By mid-year 2007 just $11.5bn was being raised for Asia-focused funds.

Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.

Following the firm’s purchase last month of two former Macklowe buildings in New York, San Francisco-based Shorenstein has acquired the Main Plaza office building in California from US REIT Maguire Properties.

Ernst & Young veteran Howard Roth will lead the firm’s global real estate practice, succeeding Dale Reiss who retired in June this year. The group is focusing in the near term on infrastructure, sustainable investing, the credit dislocation and new reporting standards.