The history of the Peace Hotel is a trip through Old Shanghai.
San Francisco-based DivcoWest has acquired an Austin, Texas office campus from RREEF for $49m.
Bain Capital has partnered with CBL & Associates to invest in a Chinese mall operator and real estate developer.
Some of the world’s biggest alternative asset managers will be watching with interest tomorrow when Fortress Investment Group becomes the first US hedge fund and private equity group to float on the stock exchange tomorrow.
Following the exit of Vornado Realty Trust from the bidding, Equity Office’s shareholders have given the green light to the largest private equity deal to date by approving Blackstone’s offer of $39bn. The deal includes a Blackstone equity check of $3.75bn.
Philadelphia-based Rubenstein Properties has acquired $500m in office properties from Equity Office as the firm enters the Atlanta market.
Swiss RE is selling the London landmark in the most expensive single office transaction ever in the UK.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
Blackstone has hit back at a rival consortium by sweetening its own offer for US real estate business Equity Office Properties, ahead of tomorrow’s crucial shareholder vote.
Dubai-based Abraaj Capital has secured one-quarter of its targeted fund size at the first close of its infrastructure and growth capital fund.