Over the past few years, turnaround investor Sun Capital Partners has been involved with a number of high-profile retail buyouts, including Mervyns and the Pamida and ShopKo chains, as well as specialty retailers like Wickes Furniture, Mattress Firm and Nationwide Furniture. But as Gary Talarico, head of the Boca Raton, Florida-based firm's New York office, is quick to point out, the firm doesn't seek out retail or real estate deals. Rather, the firm invests in distressed companies and looks to use the company's property in the recovery.
Over the past few years, retail has become a popular target for private equity and property investors alike, providing all manner of opportunity—and risk—for shop-savvy investors. By Aaron Lovell
Demand for condominiums is faltering across the US as speculators exit the market. Can private equity real estate firms pick up the pieces? By Alison Granito
Italy's non-performing loan market rolls on while investors wait for a new wave of distressed real estate assets. By Robin Marriott
Distressed real estate opportunities may not be as ubiquitous as in the past, but savvy property investors know that something is always going badly somewhere—you just have to know where to look.
Over the past six years, Mark Newman and Gerald Parkes have both run the European arm of Lehman Brothers' private equity real estate operations. Here the duo talk about the investment bank's silo-free model, their strong commitment to long-term partnerships and why investing in real estate is a lot like playing golf. By Paul Fruchbom
At the crossroads 2006-09-01 Staff Writer While Times Square in New York City is often called the Crossroads of the World, <italic>The New York Times</italic> described the spot near where Broadway and 44th Street meet as the “Crossroads of the Crossroads” in a 2004 piece celebrating Times Square
The merchant banking arm of Pramerica takes the plunge in Switzerland.
In a country better known for secret bank accounts and Rolex watches, Switzerland is now attracting investors keen on retail.
As LPs get comfortable with Asian property, IL&FS closes one of the largest commingled vehicles focused on the subcontinent.