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GS Whitehall Funds Down to Last $30M … From $1.8B!

April 16, 2010

Tweet And you thought that Morgan Stanley Real Estate Funds were the only players in town who had an expertise in losing massive amounts of money. The Financial Times is reporting that Whitehall Street International, GS’s international REF has essentially been wiped out. The fund is down to its last $30m, from about $1.8bn, a […]

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MSREF VI Shows Us How To Lose $5.4B

April 13, 2010

Tweet Morgan Stanley Real Estate Fund VI has disclosed to investors that they are facing losses of nearly two-thirds of their investment. That translates to roughly $5.4B of losses on the massive $8.8B fund. The article in the WSJ runs through most of the juicy tidbits. The losses are so staggering that the entire premise […]

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More News About Morgan Stanley’s SF Woes

December 17, 2009

Tweet We previously discussed the hand back of the keys by Morgan Stanley on some of their SF assets (here and here), but Bloomberg is now out with an article. Not much new, but now Bloomberg lends some credibility. The San Francisco transfer would mark the second real estate deal to unravel this year for […]

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Morgan Stanley Handing Back 1.2M Square Feet of SF Assets

December 9, 2009

Tweet As we indicated last month, Morgan Stanley is handing back the keys on billions of dollars worth (former worth, that is) of Class A San Francisco property. The properties are going back to the mezzanine lender, AREA Property Partners. The question now is what is AREA going to do with the assets considering that […]

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Clock Ticking For Morgan Stanley Fund V

December 3, 2009

Tweet We had covered Morgan Stanley’s troubles in the recent past, including its walking away from its massive Crescent deal, and the looming troubles it is facing on the CNL deal (think Maui Prince), and the Blackstone/Equity Office assets it acquired at the top of the market. WSJ has a piece on the CNL deal […]

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The $9B Check

November 20, 2009

Tweet That’s a lot of cheddar! [via Business Insider]

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Crescent Down, San Francisco EOP Assets To Go

November 20, 2009

Tweet In the news today is Morgan Stanley’s handing back of the keys on the Crescent Real Estate nightmare they acquired two years ago. The nightmare wasn’t that they were bad assets, the nightmare was the price paid for the portfolio and the subsequent fall in the market. We were out in front of the […]

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Round Trip For 17M SF of Property as Morgan Stanley Hands Back The Keys

November 20, 2009

Tweet Morgan Stanley has officially handed the keys back on the Crescent portfolio we posted on last month. Including debt, Morgan picked up Crescent Real Estate Equities for $6.5B. The portfolio consists of some 17M SF of commercial and hospitality product. After providing Morgan with a 3-month extension back in August, the calling for the […]

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Who Are The Largest Firms Investing Internationally For US Clients? Here’s The Top 10

November 6, 2009

Tweet We previously posted a top ten list of the largest firms who handle investments in US real estate for foreigner. Somebody emailed us wanting to know who the top 10 money management firms were who invested internationally on behalf of US investors. Here they are below, ranked by tax-exempt status as of about mid-2009. […]

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Who Do Foreigners Give Their Money To When Investing In US Real Estate? Here’s The Top 10

October 21, 2009

Tweet We’ve heard about and are beginning to see an increase in foreign money coming into the US real estate market, particularly on the residential and multi-family side as the prospect of a recovery happening is expected to occur in this sector first. So want to know who these foreign individuals, pension funds, investment firms, […]

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