Carlyle bulks up

By Aaron Gray-Block AMSTERDAM | Wed Jan 26, 2011 1:31pm EST AMSTERDAM (Reuters) - Private equity firm Carlyle Group CYL.UL said it would buy Dutch-based private equity fund of funds AlpInvest Partners, Europe's largest, to bulk up its product menu and attract more money from investors. The deal would make Carlyle the world's largest private equity firm by assets under management, ahead of Blackstone (BX.N), and provide a springboard for AlpInvest Read more [...]

Super City faces heritage test

Auckland's new local government format is facing its first major test. On one side are council heritage advisors and residents of a street "protected" for its historic look; on the other, a Council-Controlled Organisation that says it doesn't have to play by the rules. Burnley Tce - which runs between Dominion Rd and Sandringham Rd - is an immaculately kept suburban street. Two straight lines of demurely painted character houses Read more [...]

Suds sold at TwinsFest will be 3.2 variety

by Tim HennagirLife Editor Attendees searching for a cold brew at this weekend’s TwinsFest at the National Sports Center (NSC) in Blaine will find their barley pop doesn’t come across the taste buds very strongly.That’s because the city only allows 3.2 percent beer when issuing temporary licenses. Blaine City Council members unanimously approved two licenses for the three-day event Jan. 20. According to Kevin Smith, Twins public Read more [...]

Northfield in Your Town, Edition of Jan. 27, 2011

Bakery concerts Live entertainment returns to Formica Brothers Bakery Café, Kensington Square, and 200 Tilton Road in Northfield. Friday, Jan. 28 will feature Bobby Campanell with Tony DiMatteo. Friday, Feb. 4 will feature Carl Granieri and Howard Isaacson performing classic pop melodies. Tickets are $5 at the door and guests are permitted to bring beer and wine. For information call Michelle Giampaolo at (609) 839-3898. E-waste collection During the first and third full weeks of each Read more [...]

Gandel seeks sale to raise cash: report

Property magnate John Gandel has put a 50 per cent stake in Melbourne's $900 million Northland super regional shopping centre on the real estate market, according to a report by the Australian Financial Review. The sale would free up capital for Mr Gandel to invest in the stagnant listed real estate investment trust (REIT) sector. Although Mr Gandel built his empire on shopping centres, the sale would help achieve his goal of diversifying his portfolio with non-shopping centre assets. Mr Gandel Read more [...]

Owners dreaming of a fast home sale

Bing Crosby slept here. And here. And here, too. We're talking three former Crosby properties, for sale.Der Bingle sang of a "White Christmas," but the crooner's heart was in sunny southern California, where he invested in real estate and built houses. One that recently came on the market in Rancho Mirage, Calif., is priced at $3.5 million.The sprawling 6,700-square-foot home sits on more than an acre with a hillside backdrop in the Thunderbird Heights neighborhood. The decor incorporates midcentury Read more [...]

Google closing door on real estate in Google Maps

Real estate for sale around CNET's downtown San Francisco headquarters, as listed in Google Maps. Google will be retiring the feature in a few weeks. (Credit: Screenshot by Tom Krazit/CNET) Google is taking the real-estate listings in Google Maps off the market. Citing "low usage, the proliferation of excellent property-search tools on real-estate Web sites, and the infrastructure challenge posed by the impending retirement of the Google Base API," Brian McClendon, vice president of Google Earth Read more [...]

Sale of Yorktowne Hotel postponed

The sale of the Yorktowne Hotel has been postponed until April, according to the York County Sheriff's Office. The future of the hotel has been in limbo since PNC Bank filed papers in October saying the owners defaulted on a $4.5 million loan and owe more than $20,000 in late fees. The hotel has continued to operate as usual since that point, and hotel manager Rick Cunningham has said owners are continuing to work with the bank to stave off the sale. One of York's tallest buildings, the landmark Read more [...]