Zoe Hughes

The Los Angeles-based firm is in final negotiations to take over the value-added CalSmart fund previously managed by RREEF after the partnership suffered heavy losses during the past three years.

The New York-based fund manager has hired ACF Capital and Wachovia executive Tony Fineman as EVP to target debt and equity acquisitions and Gramercy Capital’s Laura Godfrey as VP of investor relations.

The $955m deal sees TPG and Oaktree partner with former Intrawest founder Joe Houssain to acquire the US and Canadian operations of Taylor Wimpey for a 3.4% premium over its net assets.

The San Francisco-based firm has officially closed its 10th vehicle exceeding its original target by roughly 20 percent.

The Toronto-based manager has invested just 30% of its $5.5bn Real Estate Turnaround Consortium, committing $1.6bn into the GGP recapitalisation. Brookfield, which has another $3.1bn of infrastructure dry powder, is planning to launch seven funds in the next 18 months eyeing $4bn of public and private equity.

CreXus has instead gone ahead with a $539m stock offering to help it pay for a portfolio of 30 property loans from Barclays Capital Real Estate. A deal would have seen the creation of a $2.5bn commercial mortgage REIT.

The New York-based firm partnered with parent and developer Mitsubishi Estate to acquire 1101 K Street NW from JBG and Rockwood. Mitsubishi also reportedly acquired two offices and a hotel in Tokyo from Lone Star.

The UK’s private rented sector was given a major boost this week by the country’s government, unlocking the potential for a US-style multifamily revolution.

Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.

Nine out of 10 office leases offer free rent concessions with the average concession an estimated 6.8 months, a PwC survey has revealed. It comes as the national cap rate for office properties drops to 7.4%, with cities such as New York falling to 6%.