Those limitations also could have posed complications for Griffin’s plan to relocate hundreds of employees to Miami where he’s planning to build a headquarters costing at least $1 billion.
- Real Estate Dealmakers
- Real Estate Dealmakers
The property portfolio owned by the Inditex SA founder was valued at €18.1 billion ($20.1 billion) in 2022, up from €15.3 billion in 2021, according to a statement Thursday from Pontegadea, the firm that manages Ortega’s fortune.
- Real Estate Dealmakers
The firm offers high-net-worth investors private placement access to syndicated real estate in the multi-family space, given the increased demand for owning more direct real estate in their portfolios, said Jeff Grant, senior managing director of capital markets at Roers.
- Real Estate Dealmakers
Amancio Ortega, the billionaire founder of the Zara clothing chain, is expanding his network of warehouses in the U.S. with the acquisition of a new logistics center in California.
- Real Estate Dealmakers
One of Canada’s biggest pension funds bought a luxury resort in the Rocky Mountains as tourism’s recovery continues to defy predictions of an economic slowdown.
- Real Estate Dealmakers
Like other investment companies, Blackstone was looking for new, and overlooked, assets.