Beirut-based Corporate Finance House has announced a first close for its new property fund focused on the Middle East.
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
The British private equity real estate firm is offloading the rights to develop a shopping center in Sweden’s capital as it continues its sales spree.
As Starwood Capital looks to expand into India, it has brought Balaji Rao on board to head its operations on the Asian subcontinent.
The UK government’s investment arm dedicated to emerging markets has placed $100m into a vehicle focused on property in African—its first commitment to a fund focused solely on property.
In the latest acquisition of a large office REIT, the real estate investment arm of the New York-based financial services giant has acquired Glenborough Realty Trust.
The London-based real estate firm has appointed a former Lehman Brothers’ director to spearhead investment in Italy.
The joint venture has sold two office buildings, which they purchased in 2005, for more than $32m.
Fremont Realty Capital, Shorenstein Properties and New York real estate investor Mark Karasick have acquired 311 S. Wacker, a fixture in the Windy City skyline.
Pet supplies retailer Petco announced that it has agreed to be acquired by private equity firms Texas Pacific Group and Leonard Green & Partners in a cash deal valued at $1.8bn.