Zoe Hughes

The fund of funds manager has appointed William Fowler and promoted Jeffrey Sobcynski to senior vice presidents. In November, the firm tapped Schroders’ veteran Michael Clarke to lead its European activities.

Investors will ‘sacrifice’ returns and diversification if they overlook China, Brazil and India. However, targeting the three countries’ real estate markets demands a longer-term investment horizon and plenty of due diligence.

Hines has lost control of the $724m National Office Partners account it ran for CalPERS, with LA-based CommonWealth Partners picking up the mandate. In December, LaSalle lost the $2bn CalEast industrial portfolio to GI, RREEF.

LaSalle Hotel Properties has sold its 95% stake in a joint venture to redevelop part of the city’s IBM building into a luxury hotel. The $58.8m deal marks an $8m loss for the listed hospitality REIT.

The firm, founded by David Lichtenstein, is staffing up its acquisition team as it looks to target recapitalisation deals, particularly in the multifamily and retail sectors.

Investors will ‘sacrifice’ returns and diversification if they overlook China, Brazil and India. However, targeting the three countries’ real estate markets demands a longer-term investment horizon and plenty of due diligence.

The New York-based investment firm has acquired the Las Vegas Bank of America Plaza for $64m and a Maryland apartment property for $38m in partnership with City Center Realty and The Donaldson Group, respectively.

The New York-based firm has purchased 353 North Clark from Mesirow Financial for less than what the building cost to build.

Six months after Beacon’s 20-building Seattle and District of Columbia portfolio was transferred to special servicing, the Boston-based firm has modified its debt load, pushing maturities out by five years.

The nursing home chain taken private by Carlyle for $6.3bn in 2007 will sell 338 skilled and assisted living facilities to healthcare-focused REIT HCP.