Jeffrey Schwartz, chief executive and chairman of the global logistics firm, resigned today. The Denver-based company, which manages a series of institutional property funds, is cutting jobs and costs as well as halting new developments in the face of a serious downturn.
The volume of real estate sales has increased this year as corporates struggle to access traditional sources of capital, according to a property report. Real estate services firm Jones Lang LaSalle says in its latest Global Real Estate Capital Report that 'sale and leaseback' transactions should reach $34bn by the end of the year.
The volume of real estate sales has increased this year as corporates struggle to access traditional sources of capital, according to a property report. Real estate services firm Jones Lang LaSalle says in its latest Global Real Estate Capital Report that 'sale and leaseback' transactions should reach $34bn by the end of the year.
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
The Shanghai-based investment firm will invest $30m for a 25 percent stake in a joint venture with Chinese developer, China Housing & Land Development, to build a 79-acre mixed-used project.
A panel of private equity insiders, including DLJ Merchant Banking chair Nicole Arnaboldi and Carlyle's Jonathan Colby, agreed the buyout industry is in for more pain but sees US deal activity regaining momentum sometime next year.
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
The Corsair Capital-backed bank has declined to extend $175m in debt for Kohlberg & Company’s acquisition of sports caterer Centerplate. Last month, National City agreed to a $5.2bn government-backed merger with PNC Financial Services Group.
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.