Deals

The Los Angeles-based distressed specialist sold the historic Curtis Center along the city’s Independence Mall for $94m to a local property investor.

The private equity real estate arm of the global investment bank has formed a joint venture with the real estate subsidiary of Duke Energy with plans to expand the business across the US.

Europe’s biggest buyout firm has landed its third deal of the year buying Principal Hotels from Royal Bank of Scotland just two months after missing out on De Vere, a rival chain.

Private equity firm Crestview Partners, in an unusual intramural move, has reached a deal to acquire bank Comerica’s investment management firm Munder Capital for $302m.

In its second hotel deal this week, the private equity real estate arm of JE Robert Companies has sold the only four-star property near O’Hare International Airport for $125m.

In its first deal in Asia, the New York-based developer and the private equity arm of ICICI Bank have announced plans for a $100m office complex in Hyderabad to be designed by famed architect IM Pei.

The three-year-old company has struck a deal with Bank of Scotland, which will inject £100m into a fund that will target property in the UK and mainland Europe.

The French hotel group’s announcement to sell off hundreds of hotels is likely to appeal to private equity firms and other real estate investors.

A candid conversation with Earvin “Magic” Johnson, the former NBA star who has become one of the most visible private equity real estate investors in urban America.

Activity on the ski slopes is heating up as Fortress and Starwood make moves in the sector. Has the time come for a ski resort play?