Eva Poon
The private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson has hired former IHP Capital Partners senior vice president and controller Johnna Howard as the firm’s new CFO.
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from PERE magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year. During the first six months of 2007, private equity real estate firms raised $30bn in capital.
The Beverly Hills-based real estate investment firm is targeting California’s residential market with its investment in two multifamily projects in the Bay Area. The firm has also picked up a portfolio of finished lots in Lancaster, California.
Private real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.
Heitman veteran Harold Schwartz, previously head of Europe acquisitions, will lead the Chicago-based firm’s expansion into the Asia-Pacific region. Schwartz will be based in Tokyo.
The Washington DC-based private equity real estate firm has partnered with local developer Hathaway Properties on a luxury multifamily development - its first investment through the firm’s PRP II fund.
The energy investment unit of Starwood Capital Group has raised its first fund targeting investments in the energy and power sectors in North America.
The San Francisco Employees’ Retirement System is joining a growing number of public pensions which have increased their real estate and private equity targets in recent months.
A newly formed subsidiary of international real estate investment firm Starwood Capital Group is targeting investment opportunities in public real estate infrastructure bonds.