Zoe Hughes
The Tokyo-based real estate investment firm is reportedly raising a $1bn fund to take advantage of failing residential property companies. Secured Capital CIO John Paul Toppino says current conditions are similar to the financial crisis of the late 1990s.
The Tokyo-based real estate investment firm is reportedly raising a $1bn fund to take advantage of failing residential property companies. Secured Capital CIO John Paul Toppino says current conditions are similar to the financial crisis of the late 1990s.
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.
The former Institutional Real Estate Letter managing director, Steve Felix, has been appointed as Aviva Investors’ head of marketing for its North America real estate multi-manager platforms.
The former Institutional Real Estate Letter managing director, Steve Felix, has been appointed as Aviva Investors’ head of marketing for its North America real estate multi-manager platforms.
The US conglomerate said it was looking to cut its commercial real estate assets to $80bn from $90bn over the next year as part of the firm’s plans to scale back on its financial arm, GE Capital.
The US conglomerate said it was looking to cut its commercial real estate assets to $80bn from $90bn over the next year as part of the firm’s plans to scale back on its financial arm, GE Capital.
The US industry body, the Real Estate Roundtable, said the US government’s $700bn plan to buy-up troubled mortgage-related assets had a high ‘price tag,’ but argued that it was the best way forward.
A report by consultants PKF reveals declining demand and increasing supply will result in two years of decline for the hotel sector – the first time in two decades.
A report by consultants PKF reveals declining demand and increasing supply will result in two years of decline for the hotel sector – the first time in two decades.