News & Analysis

Steven Lin, the executive vice president of Capmark Financial and head of its Asia operations, has resigned effective immediately, according to a regulatory filing. Lin was formerly with Goldman Sachs' Real Estate Principal Investment Area.

The contract award is part of the US government’s experimental program to privatise five US airports. Details of the investor group’s development plans for Chicago Midway Airport were not disclosed.

The investment by India's largest infrastructure-focused private equity firm will help create a parts-manufacturer for the wind energy industry in India. The IDFC manages three private equity funds.

The landmark bid, whose deadline for acceptance was twice pushed back in hopes of getting Pennsylvania legislators to approve it, lapsed on Tuesday after Abertis decided not to extend it any further.

The first of its kind country-specific mezzanine infrastructure fund will target early stage development projects in Brazil. The fund is a joint venture between Darby and Stratus Group, a Brazilian private equity manager and advisor.

The Dallas-based real estate firm has taken on Oliver Georg and Olaf Fortmann from HCI Capital to run the operation. Behringer and HCI formed a $1.3bn alliance to invest in European real estate in 2006.

The Zurich-based firm has hired the former head of GPT Halverton in Germany to help grow the business.

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.

Private fund tax experts were pleasantly surprised last month to see proposed legislation come out of the US Congress designed to encourage fund managers to stay onshore.

The escalating credit crisis has claimed another company after Ciena Capital, the real estate lender backed by private equity fund manager Allied Capital, filed for bankruptcy protection warning the value of its assets had ‘significantly’ deteriorated.