Zoe Hughes

The New York-based firm primarily is targeting recapitalisation opportunities, particularly in the multifamily, hotel and retail sectors. When it comes to office, though, North America CEO Richard Mack admits AREA is more “reluctant”.

The New York-based firm paid $45.2m for the midtown Manhattan office property, in what was William Macklowe’s first transaction without his father, Harry.

After closing its third deal, the San Francisco-based firm said the scale of opportunities in the US recapitalisation market could see it invest the remainder of its $250m debut fund this year.

The Washington DC-based firm has named 15 new managing directors, including Andrew Chung, Barbara Murphy and Edward Samek, alongside 20 promotions to principal/director.

The Los Angeles-based firm has paid an estimated $165m for an office tower, retail centre and parking garage at the Atlantic Station complex, becoming the master developer of the scheme.

The Chicago-based firm has appointed David Brodersen as a portfolio manager for its €350m value-added fund HEPP III, to be based in London, reporting to Otis Spencer.

The accounting and financial firm has appointed Mark Grinis to global head of its real estate fund services, after Gary Koster’s move to the private equity practice.

Almost two-thirds of foreign real estate investors have billed the US as the top global market in which to invest, the highest level since 2000 and garnering six times more votes than second-placed China.

The Chicago-based fund manager has taken over the $700m Transwestern Securities Management platform, including its six-member team.

After 13 years with Westbrook Partners, Avi Banyasz will help David Bonderman’s private equity firm push further into the real estate asset class.