A joint venture between Tishman Speyer and BlackRock Realty came out on top of the pile of bidders to acquire the 110 buildings that make-up Stuyvesant Town and Peter Cooper Village.
The Nordic region’s biggest private equity real estate firm is buying five properties in one of the largest transactions in the region this year.
The US investment bank has taken a stake in an upper scale residential developer for its third special situations fund.
Horatio Sparkes, who oversees the investment of five New York City pension funds, including a nascent private equity programme, has submitted his resignation to city comptroller William Thompson.
San Francisco-based Belveron Real Estate Partners will target interests in funds, single asset partnerships and mezzanine debt positions.
The move comes on the heels of departures of key executives from the La Jolla, California-based Pacific Corporate Group, which advises the pension system.
The partnership will allow the Texas-based real estate investor, which made its first buy outside the US earlier this year, to ramp up its European presence, and represents a move toward a more opportunistic real estate strategy for Hamburg-based HCI.
Italian real estate firm Pirelli RE is teaming up with the property funds at Morgan Stanley and Deutsche Bank in its €462m German residential and retail deal.
The Germany-based private equity firm began fund raising nine months ago with an initial target of €150m to be invested in underperforming property assets.
The private equity real estate firm run by BET founder Robert L. Johnson has sold four hospitality properties in California less than two years after it acquired them.