Zoe Hughes

The two New York-based fund managers have agreed a deal that sees Tishman buy the two-building headquarters for $65m for its $1bn Fund VII. Tishman plans to spend around $23m on upgrades.

The real estate investment arm of the insurance giant is launching an industrial development vehicle focused on Brazil and retail development fund targeting China. The funds could be limited to a small number of large LPs.

Led by former Investcorp co-head John Fraser, the group will target US opportunistic deals.

With just under four days of voting left to go, industry executives are voting on the deal strategy of 2010: recaps or platform takeovers

After suffering heavy losses on its real estate investments in 2008 and 2009, the bank reported gains of $431m in its merchant banking operations thanks, in part, to fund investments.

After more than 17 years with the bank’s real estate group, Mantz is leaving Morgan Stanley to pursue 'other opportunities'. The bank said it remained 'committed' to the real estate investing business.

The firm has appointment Jeffrey Granoff as principal after opening a New York office. More appointments are expected in the first quarter of 2011 as the firm looks to deploy its $250m debut fund.

As it closes the acquisition of 228-unit off-campus property in Kentucky, the Armonk, New York-based firm could deploy up to $200m of equity this year.

The Toronto-based investment firm has bought all of Fairholme’s interest in the mall REIT, increasing its total stake in GGP to 38%.

The Toronto-based fund manager has closed on $85m of commitments from Canadian investors for its latest multifamily strategy, part of a larger vehicle targeting industrial deals as well.