Eva Poon
The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
The Bahrain-based investment firm is investing in China’s alternative energy sector through its joint venture with India’s Tanti Group. The deal is Arcapita’s first in China.
The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
The New York City Board of Education Retirement System is looking to broaden its investment portfolio with a $130 million allocation to real estate.
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
Real estate investment management firm CB Richard Ellis Investors has acquired two office buildings in Dallas through its $2.1bn private equity real estate fund, CBRE Strategic Partners US 5.
The Carlyle Group and Crown Acquisitions have taken a controlling stake in New York City’s 666 Fifth Avenue retail property, which will feature a new 20,000-square-foot Abercrombie & Fitch clothing store.
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from PERE magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year. During the first six months of 2007, private equity real estate firms raised $30bn in capital.
The Beverly Hills-based real estate investment firm is targeting California’s residential market with its investment in two multifamily projects in the Bay Area. The firm has also picked up a portfolio of finished lots in Lancaster, California.