The investment bank has hired Susan Swanezy to lead marketing and development efforts for DLJ Real Estate and Credit Suisse's core and securities real estate arms.
Six out of 10 commercial real estate executives believe the credit crisis has now had a greater impact on the real estate industry than during the crisis of the late 1980s, early 1990s. Just 10 percent are ‘bullish’ on the opportunities created by the distress, most attracted to multifamily.
The $80.1bn Washington State Investment Board has approved $1.7bn in commitments, including $900m to two RE funds. The pension also committed $600m to private equity funds and $250m to infrastructure and commodities.
Real estate GPs know that chaos breeds opportunity as well as loss.
The public private partnership represents the largest development of schools in Canadian history and the second such project for Babcock & Brown Public Partnerships in that country. The fund has a 75 percent equity stake in the 32 year design, build, finance and maintain contract.
The UK asset manager continues to beef up its operation with the appointment of James Buckley as head of its Asia fund of funds.
The 30-year veteran of Europe’s real estate market, Robert La Fors, has retired from the industry having helped establish LaSalle’s Amsterdam investment business.
The New York-based private equity real estate firm is selling two Boston office buildings acquired through its Brickman Real Estate Fund II.
Remember that chaos breeds opportunity as well as loss. Few know this better than private equity real estate GPs. Â
The specter of a return to the 1989 Resolution Trust Corporation was raised today as the US Treasury said it would introduce a ‘relief program’ for troubled mortgage assets. If formed, the program would consolidate an enormous pool of assets for opportunistic buyers to feast upon.
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