Zoe Hughes

The Boston-based real estate investment firm’s offer has been approved as a stalking horse bid. CrossHarbor, which has provided DIP financing to the bankrupt private members ski and golf club, previously made a reported $470m bid for the US resort in 2008.

The Bridgeport, Connecticut-based People's United Bank has agreed a $35 million, three-year refinancing with opportunistic investor Talcott Realty. The loan is backed by the office property One Financial Plaza in Hartford.

The private equity firm has hired the former Cohen & Steers chief investment officer James Corl to led its foray into real estate. The firm said it would look to create a real estate vehicle to target distressed investments.

Rapidly falling property prices and lack of credit have severely impacted the US homebuilding industry, creating a wealth of opportunities for GPs. But when will banks and builders accept reality and start selling? PERE Magazine March 2009 issue

Private equity real estate players targeting the US residential sector will have to wait several weeks for details of President Barack Obama’s plans to help homeowners facing foreclosure. Some fear it could prevent the market from finding a natural bottom.

US Treasury Secretary Timothy Geithner admits the strategy will ‘cost money, involve risk, and take time’, as he outlines plans to create a public-private investment fund to help banks get rid of their ‘legacy’ loans and assets, as well as expand the government’s lending scheme to include help for commercial mortgages.

The 87-year-old retail company has filed for Chapter 22 bankruptcy protection less than one year after originally being brought out of Chapter 11. Private equity firms are among potential buyers, Fortunoff says.

Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.

Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.

Fair value accounting demands private equity real estate mark to market. However, how does a GP mark to a market that is almost non-existent? PERE magazine February 2009 issue