Fundraising

The McLean, Virginia-based firm has acquired close to 300,000 square feet of North San Jose office space, which it plans to reposition.

The Palo-Alto based firm has paid $219m for a portfolio that includes a million square feet of commercial space concentrated around Los Angeles and San Diego.

Daniel Cummings will become a senior advisor for international real estate at The Carlyle Group after joining as a managing director in 2000.

The Virginia-based firm has agreed to buy limited-service operator Jameson Inns for $371m, gaining a bigger foothold in the hotel sector in the Southeast and Midwest.

Travel and real-estate company Cendant announced plans to sell its travel distribution services subsidiary Travelport—which includes its Orbitz and CheapTickets businesses—to The Blackstone Group for about $4.3bn in cash.

Brentwood Associates will sell the consumer-product company to Carlyle after a hotly contested auction.

Standard Chartered Private Equity has invested HK$370 million in a Chinese real estate development company, its second investment in a mainland China property in less than two months.

The US and UK-based investor has paid £571m for 290 managed pubs from Punch Taverns, its largest deal in Europe to date.

European mezzanine provider Intermediate Capital Group also put a record amount of capital to work in the fourteen months to 2005, arranging or providing £899m of debt financing.

Leisure parks in Europe attract customers from across the world. US and European private equity firms, it seems, are also along for the ride. By Robert Venes.