Hints and tips:
...On a conference call with analysts in January, Gray said Breit had “weathered the storm” in real estate markets, but he warned that Blackstone did not expect to see a “V-sharped recovery” in property values...
...Blackstone marked down its property funds by more than 3 per cent during the fourth quarter, causing the group to miss out on some valuable fees it usually collects from the funds....
...“My grandparents used to work in the potteries,” says Simpson from her garage studio in Mow Cop, a village on the Staffordshire border....
...McDermott Will & Emery has opened an office in Atlanta that will focus on M&A, intellectual property and cyber security....
...The private equity group said that it was a landmark transaction....
...at the site of Hong Kong’s former airport, Kai Tak, which is being remodelled as a luxury residential property development....
...Simpson Thacher & Bartlett acted as legal advisors to Blackstone. CIC was advised by UBS. Clifford Chance acted as legal advisors to CIC....
...Simpson Thacher & Bartlett has appointed David W Blass as a partner in the Washington DC office....
...Blackstone has a record of assembling large portfolios of assets in sectors such as hotels or industrial property, which it then floats or sells....
...There can only be one winner in the case of the actor Harry Shearer v Vivendi, the French media group, over royalties from the 1984 film, This is Spinal Tap....
...After all, it’s the structure of the economy that really counts, and it’s v much the structure that is necessitating certain levels of growth....
...Joshua Walker Counsel, Simpson Thacher Joshua Walker is a leading intellectual property counsel who applies his experience in complex intellectual property issues for Silicon Valley....
...Four assistants sit in a row outside his office, by posters of Syco’s shows and a cardboard figure of Cowell on The Simpsons cartoon show on Fox....
...It also owns an infrastructure investment arm, Borealis, and a real estate group called Oxford Properties, both of which have done deals in Europe....
...He said credit markets had come back sharply in a V-shaped recovery....
...The tests were designed to mimic a 1980s ‘V’ scenario, which it called a “deep economic downturn with a reasonably rapid recovery”....
...The largest was State Bank of India, the country’s largest lender, which had an exposure of less than Rs5bn to the Maytas group, a property and infrastructure developer....
...“The global recession is likely to be … a prolonged one, not a V-shape, not a U-shape, more an L-shape....
...The Hunt properties hold the equivalent of 1,050bn cu ft of gas, XTO engineers estimate....
...Each dip has been accompanied by a “V-shaped” recovery, in which share prices have rocketed back up to their earlier peaks....
...A new Blackstone fund is understood to have an equity target of $4bn for its Real Estate Partners V, which it may reach within weeks – giving it $16bn to spend on global property....
...Simpson Thacher & Bartlett acted as legal advisor to Blackstone. Blackstone’s Real Estate Group has raised six funds with over $8bn in total equity....
...Blackstone used lawyers at Simpson Thacher....
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