Jonathan Brasse
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
Starwood has teamed up with TPG and other investors to buy a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
The firms are part of a syndicate buying a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
Barry Sternlicht’s firm has led a consortium of investors in the purchase of loans made to condominiums by the Chicago-based bank, taking advantage of an attractive financing package offered by the failed bank’s receivers.
PERE has just hosted its third annual roundtable discussion in Asia. Among the revelations this year – local capital is rising as a game-changing factor in the region. By Jonathan Brasse
On a recent visit to Tokyo, PERE spent time with the head of commercial real estate for Deutsche Bank – the only international investment bank still lending in the country. Borrowers say debt is too expensive, but Doug Smith argues prices are where they should be. PERE magazine October 2009.
The Tokyo-based firm is looking likely to lose control over the $2.2 billion Pacific Century Place as it struggles to pay back its debt.
The LA-based firm is preparing to “re-engage” with the creditors of Japan’s first failed REIT.
The Dallas-based firm’s attempt to buy Japan’s first failed REIT is blocked for a second time by creditors. A rival bid from Daiwa House remains on the cards if New City can avoid liquidation.
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.