Graham Winfrey

TPG Capital and Caruso Capital Partners have formed a joint venture that will invest as much as $750m of debt and equity in retail centers and mixed-use properties in the western US.

Atlanta-based Invesco has held a final close for its Mortgage Recovery Fund on $1.46bn of commitments. The fund is part of the US Treasury’s Public-Private Investment Program.

The New York-based Credit Suisse spin-out is expanding beyond its equity advisory capabilities to include debt restructuring and debt recapitalisation.

An online petition urging the pension giant to unload real estate holdings in the state has surfaced - an initiative designed to oppose a new immigration bill signed into Arizona law on Friday.

Mexico’s private pension funds will reportedly make more than $1bn worth of new investments in asset classes such as real estate, infrastructure and private equity.

RREEF and ING Clarion’s real estate securities arm have backed Simon Property Group’s revised recapitalisation plan for bankrupt REIT General Growth Properties.

Allianz Real Estate has hired former GE Real Estate director James Stolpestad as its new Americas chief executive officer, as the firm looks to almost double its AUM over the next few years.

The private equity and real estate giant has reportedly teamed up with a group of investors, led by Centerbridge Partners and Paulson & Co., in a $905m bid for bankrupt hotel chain Extended Stay.

Colony Capital and Fertitta Gaming have teamed up with some Station Casino lenders to put forward a reorganisation plan for the bankrupt casino operator. Colony and Fertitta led a $5.4bn buyout of Station Casinos in 2007.

The Carlyle Group, together with partners Crown Acquisitions and the Kushner Company, have leased 90,000 sq. ft of space at 666 Fifth Avenue for more than $300m.