James Comtois

The New York-based real estate investment firm has garnered commitments from 16 investors for Dune Real Estate Fund III, an opportunistic vehicle seeking $850 million.

The Chicago-based fund manager has launched GEM Realty Fund V, a diversified value-added real estate vehicle looking to invest in US properties and distressed debt.

Henry Silverman, Apollo’s former COO, has been named global head of real estate and infrastructure. Meanwhile, several former RREEF execs have joined the infra team.

The Atlanta-based investment firm is more than halfway to its $200 million target for its value-added Noble Hospitality Fund II, which is targeting lodging properties throughout the US.

The head of the global consulting firm’s US real estate investment manager research team has died unexpectedly.

The Parsippany, New Jersey-based real estate arm of Prudential has purchased 100 Spear Street from Clarion Partners.

The Denver-based firm has garnered $106 million in commitments for its JCR Commercial Real Estate Finance Fund II, exceeding its initial target of $100 million.

Charles Hazen, the Houston-based real estate firm’s senior managing director and divisional CEO, is stepping down to go into business for himself. Sherri Schugart has been named as his successor.

The global real estate investment management firm has held a first close of $89.2 million for its latest opportunistic US real estate vehicle, AEW Partners VII.

In this month’s issue of PERE, we talk with Michael Nierenberg of Bank of America Merrill Lynch about the state of the commercial mortgage-backed securities market.