Four Food Groups 2007-07-01 Staff Writer <strong>RETAIL<br /> Shopping for pensions</strong><br /> Private shopping center REIT Inland Western Retail Real Estate Trust is teaming up with an unnamed state pension advised by Morgan Stanley Real Estate to acquire and manage retail prop
Paradise lost? 2007-07-01 Staff Writer The Turtle Bay Resort on the Hawaiian island of Oahu boasts fives miles of breathtakingly unspoiled beaches—which is just how the local population likes it. However, the resort's owner, Oaktree Capital Management, sees things differently. Last year, the Los Angeles-base
UK mid-market buyout firm Graphite Capital’s sale of nursing home Avery Healthcare to Southern Cross Healthcare Group achieved a 2.7 times return on its initial investment in 20 months. Graphite will also keep five care homes to begin another company with Avery’s management.
Through their Brazil-dedicated fund, the Houston-based real estate fund and the California pension system have bought the office building from Banco Itaú.
The two private equity firms have agreed to buy publicly traded Penn National Gaming, which owns 18 facilities in 14 US states.
BC Partners has bought Foxtons for approximately £400 million (€585 million, $790 million) after a six month bidding process.
A London-based fund managed by Trikona Capital has teamed with The Luxor Group to develop a special economic zone in the Gurgaon area of the city.
Trammell Crow Meghraj, one of the largest privately held real estate services companies in India, has merged with Jones Lang LaSalle.
Global Infrastructure Partners, a venture between the two firms, has opened an office in Hong Kong and appointed a new partner to lead its Asian investment activities.
Alinta is backing a $6.66 billion takeover offer from Babcock & Brown instead of a rival bid by Macquarie, as the Australian energy utility is convinced the former offers a “high degree of completion certainty.”