The Center City Embassy Suites represents the fourth hospitality acquisition for the Norwalk, Connecticut-based private equity real estate firm’s second opportunity fund.
Coming hot on the heels of the firm’s massive acquisition of Stuyvesant Town in New York City, the real estate developer has purchased a large portfolio of German office buildings.
The real estate opportunity fund represents the private equity titan’s first vehicle dedicated specifically to the asset class.
The US private equity firm is spending £410m on a central London office building.
The head of property lending in Europe for the US investment bank has been named as one of 115 staff promoted to coveted partner status, entitling him to share in a huge remuneration pot.
Stockholm-based Aberdeen Property Investors has announced a $91m first close for its Asia real estate fund of funds vehicle.
The theme of the fall 2006 event was “Back to Basics,” but attendees nevertheless found time to discuss emerging markets and distressed debt.
CB Richard Ellis released those figures at the Expo Real trade fair in Munich, which is drawing thousands of real estate investors keen on Germany and Central and Eastern Europe.
The Dallas-based firm has acquired B-Line, which purchases and services bankrupt consumer receivables.
A planned auction of Ashikaga Bank, a Japanese bank revitalised by the government, is reportedly drawing interest from private equity groups including Lone Star.