Fundraising

Colesville Partners, an opportunistic vehicle sponsored by Sunburst Hospitality, will have $1bn in buying power.

Japanese property company DaVinci has acquired 40,000 square meters of office space in central Tokyo from Hong Kong businessman Richard Li. It is considered by some to be Asia’s largest single-asset real estate transaction.

The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.

The private equity arm of Standard Chartered has invested $33 million in an auto component market based in India.

A luxury condo conversion in Midtown Manhattan with interior touches by fashion designer Peter Som has been sold to the hotel company Hyatt amid a softening condo market.

Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.

The global investment manager is launching five property funds including two inaugural vehicles focused on infrastructure and healthcare.

The REIT has said it will pay up to $190m for 44 of the toy retailer’s shuttered locations. Vornado teamed with KKR and Bain Capital to buy the chain last year.

The London-based private equity firm is to raise money in the public markets by launching a vehicle that will co-invest alongside its real estate arm.

In a joint venture with Taconic Investment Partners, the New York-based firm has bought nearly 1,000 units in Brooklyn for $90m.