http://www.perenews.com/article.aspx?aid=0&article=51227Fairholme Capital and Pershing Square have pledged $3.9bn of fresh capital to support a recapitalisation of bankrupt REIT General Growth Property. It follows Brookfield’s equity pledge of $2.63bn last month.http://www.perenews.com/article.aspx?aid=0&article=51227Tue, 09 Mar 2010 20:32:52 GMThttp://www.perenews.com/article.aspx?aid=0&article=51223Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup. http://www.perenews.com/article.aspx?aid=0&article=51223Tue, 09 Mar 2010 17:24:59 GMThttp://www.perenews.com/article.aspx?aid=0&article=51214After investing in Michael Jackson’s Neverland home to help the singer avoid foreclosure shortly before his death, Colony Capital will become Annie Leibovitz’s sole creditor and help her market her library of photographs.http://www.perenews.com/article.aspx?aid=0&article=51214Tue, 09 Mar 2010 16:28:15 GMThttp://www.perenews.com/article.aspx?aid=0&article=51201San Diego-based Westcore Properties and New York-based Angelo, Gordon & Co acquire a $27.8m loan secured against a London office portfolio in a rare offload by a UK bank. http://www.perenews.com/article.aspx?aid=0&article=51201Tue, 09 Mar 2010 11:19:04 GMThttp://www.perenews.com/article.aspx?aid=0&article=51189The real estate group has also sold its debt fund management and servicing arms to Andrew Farkas’ Island Capital Group for $110m as part of the reorganisation.http://www.perenews.com/article.aspx?aid=0&article=51189Mon, 08 Mar 2010 22:58:43 GMThttp://www.perenews.com/article.aspx?aid=0&article=51183The London-based investment firm has acquired a six-storey office property in Milton Keynes for £15.8m from CBRE Investors, at the same time as buying a Welsh shopping centre for £24m. http://www.perenews.com/article.aspx?aid=0&article=51183Mon, 08 Mar 2010 18:56:38 GMThttp://www.perenews.com/article.aspx?aid=0&article=51180Mark Burton is to retire as the chief investment officer of sovereign wealth fund Abu Dhabi Investment Council after three years in the role. Burton is expected to conclude his tenure at the fund before June.http://www.perenews.com/article.aspx?aid=0&article=51180Mon, 08 Mar 2010 16:05:51 GMThttp://www.perenews.com/article.aspx?aid=0&article=51164The mortgage REIT launched by Starwood Capital Group has continued its aggressive investment spree by acquiring a $503 million loan book from Teachers Insurance and Annuity Association of America.http://www.perenews.com/article.aspx?aid=0&article=51164Mon, 08 Mar 2010 13:49:44 GMThttp://www.perenews.com/article.aspx?aid=0&article=51157Norway’s Government Pension Fund Global has been given the green light to invest billions into real estate. Private equity real estate firms should brace themselves for the arrival of Europe’s largest sovereign wealth fund. http://www.perenews.com/article.aspx?aid=0&article=51157Mon, 08 Mar 2010 08:55:49 GMThttp://www.perenews.com/article.aspx?aid=0&article=51181Sander Levin, who previously backed bills to tax carry as ordinary income instead of capital gains, will chair the House Ways and Means Committee. He will take over from Rep. Charles Rangel.http://www.perenews.com/article.aspx?aid=0&article=51181Fri, 05 Mar 2010 18:22:13 GMThttp://www.perenews.com/article.aspx?aid=0&article=51144The London-based property services firm is to take full ownership of real estate investment management business Cordea Savills after agreeing to acquire a 40% stake from the its management for £15.4m.http://www.perenews.com/article.aspx?aid=0&article=51144Fri, 05 Mar 2010 10:15:18 GMThttp://www.perenews.com/article.aspx?aid=0&article=51135Blackstone Real Estate Special Situation Fund II is targeting non-controlling debt and equity investments globally, raising roughly $750m to date.http://www.perenews.com/article.aspx?aid=0&article=51135Thu, 04 Mar 2010 22:47:45 GMThttp://www.perenews.com/article.aspx?aid=0&article=51133Managers who sold at the height of the market will be rewarded for their ‘discipline’ when LPs once again start deploying capital to private equity real estate vehicles.http://www.perenews.com/article.aspx?aid=0&article=51133Thu, 04 Mar 2010 22:01:16 GMThttp://www.perenews.com/article.aspx?aid=0&article=51098Turnaround specialist led by former Cerberus real estate advisory chief in Europe has teamed up with an independent firm to purchase an asset in Hannover in need of asset management http://www.perenews.com/article.aspx?aid=0&article=51098Thu, 04 Mar 2010 13:11:31 GMThttp://www.perenews.com/article.aspx?aid=0&article=51097The Dallas-based fund plans to invest capital on behalf of UK and European investors to invest in “mid-sized” properties in the US.http://www.perenews.com/article.aspx?aid=0&article=51097Thu, 04 Mar 2010 12:56:20 GMThttp://www.perenews.com/article.aspx?aid=0&article=51054A feeder fund raised by an affiliate of private equity firm Yucaipa will invest in large infrastructure and real estate assets, with OMERS chief executive Michael Nobrega hoping to have US participants identified by the end of the year.http://www.perenews.com/article.aspx?aid=0&article=51054Wed, 03 Mar 2010 20:49:01 GMThttp://www.perenews.com/article.aspx?aid=0&article=51049Steven Gorey has joined the New York-based firm as chief operating officer as it increasingly targets distressed US real estate.http://www.perenews.com/article.aspx?aid=0&article=51049Wed, 03 Mar 2010 20:28:35 GMThttp://www.perenews.com/article.aspx?aid=0&article=51040The firm, which is yet to close its maiden fund, has bought a 50% stake in The Bentall Centre in London for £130m from Aviva. Meyer was reportedly close to finalising a deal last year for £105m.http://www.perenews.com/article.aspx?aid=0&article=51040Wed, 03 Mar 2010 18:12:12 GMThttp://www.perenews.com/article.aspx?aid=0&article=51023Song Wei has left Chicago-based Equity International to become a managing director at Pacific Alliance Group, the Hong Kong-based alternative assets management firm. http://www.perenews.com/article.aspx?aid=0&article=51023Wed, 03 Mar 2010 13:23:21 GMThttp://www.perenews.com/article.aspx?aid=0&article=51021London-based Cardano has been appointed to provide asset allocation, management selection and other advisory services for all asset classeshttp://www.perenews.com/article.aspx?aid=0&article=51021Wed, 03 Mar 2010 12:56:57 GMT