News & Analysis

With an eye toward the country’s rapidly expanding real estate market, CBRE has added three property pros to its lineup in greater China.

The firm is seeking to raise between $300 and $400 million for its new partnership vehicle with Singapore-based WIRE Group.

An Israeli-led consortium revealed today it has terminated an agreement to buy a package of Swiss properties in a clear example of how large property deals are failing to get done in the wake of the recent credit crunch and fears that commercial property values are falling.

Three weeks after The Carlyle Group announced its investment in Brazilian real estate developer Scopel, New Jersey-based Prudential Real Estate Investors has joined with Racional Engenharia to target investments in Brazil’s industrial property market.

The firm, launched in 2002 by Chris Gradel and Horst Geicke (pictured), is adding a Greater China real estate vehicle to its group of funds.

The Philadelphia-based private equity firm has acquired Watergrove Townhomes in the largest single multifamily transaction in the Memphis market.

Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.

The Princeton University endowment returned 24.7 percent for the fiscal year 2006-2007, increasing its assets from $13 billion to $15.8 billion. The US endowment allocates 15 percent of its portfolio to private equity funds.

The London-based firm is attempting to capture demand for premises from local and international retailers as well as the Nordic region’s spending power.

The US investment firm that took over troubled Austrian bank Bawag-PSK in May is now selling a property package that belonged to its new acquisition.