Suzanne Weinstock
Terracap Partners is raising its debut fund targeting distressed properties in Florida and IRRs up to 27%.
The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.
The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.
Industrial markets in North America, Western Europe and export-led economies are in for a difficult 2009, according to Cushman & Wakefield. However, emerging markets fared better, with rents in Rio de Janeiro rising by a staggering 46%.
The San Francisco-based private equity real estate firm has brought on Quinn Barton as the firm moves into debt investments. He will lead Carmel’s newly-opened New York office.
The industrial real estate specialist has closed its second fund. The value-added vehicle will target North American assets in large industrial markets.
The debt-ladened operator of two J-REITS has filed for bankruptcy and will delist from the Tokyo Stock Exchange after failing to raise ¥47 billion in capital.
Former New York governor Eliot Spitzer, who resigned in 2008 plagued by scandal, has reemerged as a real estate investor, buying 1615 L Street in Washington, DC through the use of $42m in cash.
The Caribbean & Latin America Real Estate Fund will focus on distressed opportunities and development with a primary focus on the Dominican Republic, Puerto Rico, Antigua and Barbuda.
The Houston-based real estate investment firm is positioning itself to take advantage of demand for office space once $2bn of retail and residential construction is completed in 2011.