Eva Poon
Despite the credit crunch, the global office markets are still on an “upward trend,” according to a report by real estate services firm, Colliers International. The emerging markets continued to record strong growth in the sector.
Despite the credit crunch, the global office markets are still on an “upward trend,” according to a report by real estate services firm, Colliers International. The emerging markets continued to record strong growth in the sector.
Despite the credit crunch, the global office markets are still on an “upward trend,” according to a report by real estate services firm, Colliers International. The emerging markets continued to record strong growth in the sector.
The private equity real estate firm has partnered with US-based real estate investment firm ConAm to acquire a 456-unit apartment complex in Sacramento, California. The pair plan to upgrade the property and increase rents.
The private real estate investment firm has acquired nine multifamily properties in the Austin, Texas market, betting on the area’s strong demographics.
Thompson National Properties, the private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson, has opened an office in New York adding a former Wachovia Securities director as managing director to target real estate debt.
The Canadian pension bucks the loss-making trend among North American pension funds returning one percent on its investments in the three months to June this year. The pension’s real estate allocation now stands at 5.6%, or $7.2bn. Infrastructure makes up 2.6%, or $3.3bn, of its portfolio.
Brookwood Value Partners, an affiliate of private equity firm Brookwood Financial Partners, has picked up nearly 400 residential lots in The Grove planned community in Southwest Florida.
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
Ernst & Young veteran Howard Roth will lead the firm’s global real estate practice, succeeding Dale Reiss who retired in June this year. The group is focusing in the near term on infrastructure, sustainable investing, the credit dislocation and new reporting standards.