Eva Poon

The Beverly Hills, California-based real estate investment firm is investing in the San Jose, California multifamily market, an area it says has strong rental growth profiles for residential property.

The US Senate has approved the $700bn financial bail-out plan allowing the US Treasury to buy distressed assets in the form of securities backed by home mortgages. The US House of Representatives is expected to vote on the bill Friday.

The Philadelphia-based private equity real estate firm has picked up 650 multifamily apartment units in Connecticut. The deal follows on its acquisition earlier this year of 11 multifamily properties in the US.

The New York-based firm, through its joint venture with developer Atua Construtora, has closed on its first investment in the country’s affordable housing market.

The Gulf investor is teaming up with a Chinese developer to target $6bn of real estate projects in the country, at the same time as launching a $1.5bn China-focused private equity vehicle.

Property and institutional investors, sovereign wealth funds and German open-ended funds are sitting on large sums of equity capital ready to direct to the European real estate market, a report by CB Richard Ellis/Property Week has revealed.

The Houston-based real estate investment firm is paying a record $235m – $4,900 per square foot – for the San Francisco site of the firm’s planned Transbay Tower project. The development is expected to be the tallest building on the US West Coast.

Following the launch of its $1bn real estate debt vehicle, the Bahrain-based investment firm has appointed former JP Morgan and Bear Stearns professional, Christopher Hoeffel, to help grow its debt investment business.

The real estate investment firm has acquired three residential properties in France. The deal was made through its ING Real Estate French Residential Fund.

The world’s sovereign wealth funds are expected to allocate up to 30 percent, or around $218 billion, of new investments in unlisted property funds over the next seven years, according to a report by CB Richard Ellis. It comes as Bahrain-based Investcorp launches a $1bn real estate debt vehicle with an unnamed Gulf sovereign wealth fund as an investor.