Colony Capital to raise €500m to €1bn for European debt strategy

Colony Capital to raise €500m to €1bn for European debt strategy
Posted on September 18, 2012 3:33 pm by James Wallace

Colony Capital is looking to raise between €500m and €1bn over the next 12 months for a first lien European senior debt strategy, deepening the global private equity firm’s real estate debt offering across the capital stack, CoStar News can reveal.

http://costarfinance.com/2012/09/18/colony-capital-to-raise-e500m-to-e1bn-for-european-debt-strategy/

Complete Disaster in the Making

Carbon markets
Complete Disaster in the Making

The world’s only global carbon market is in need of a radical overhaul
Sep 15th 2012 |

WHAT would you say about a market that has helped reduce carbon emissions by a billion tonnes in seven years, attracted $215 billion of green investments to developing countries (more than any private environmental fund) and cut the cost of climate-change mitigation by $3.6 billion? The answer, to judge by a United Nations panel looking into the workings of the Clean Development Mechanism (CDM) is: you’d say it is a shambles.

'Tempting returns' for Asian investors in European real-estate debt

'Tempting returns' for Asian investors in European real-estate debt
Asset manager thinks Asian investors will be drawn by yields of up to 12 per cent from non-bank lenders in European real estate

Friday, 07 September, 2012, 11:36am

Paggie Leung
paggie.leung@scmp.com

Asset manager BlackRock believes Chinese and other Asian investors may be lured by high returns to invest in a growing market for real-estate debt in Europe.

http://www.scmp.com/property/international/article/1029464/tempting-returns-asian-investors-european-real-estate-debt

At long last, World Wide Plaza hits the market

At long last, World Wide Plaza hits the market
August 28, 2012 10:30 AM

Worldwide Plaza, the behemoth office building located at 825 Eighth Avenue, will go up for auction, the New York Observer reported. The owners of the 59-story tower, George Comfort & Sons and RGC Longview, first tapped Eastdil Secured to market the building in May. After failing to secure an off-market bid they were happy with, Adam Spies and Doug Harmon of Eastdil told the Observer they were ready to head to auction with 1.8-million-square-foot tower.

The current owners nabbed the building for about $600 million in 2009, and the sale price for the building now is expected to be at least twice that, the Observer said. [NYO]

http://therealdeal.com/blog/2012/08/28/at-long-last-world-wide-plaza-hits-the-market/

Economy, Marc Faber

Europe is already in recession. Germany is still growing very, very slightly, but is likely to go into recession soon. The U.S. economy has decelerated and I don't see much growth in the next six to 12 months. ... I think that if you look at the injection of liquidity and the intervention by the Federal Reserve and the Treasury with fiscal measures, it has already impoverished the U.S. economy.

- Marc Faber (1946- ), CNBC, 2012.08.23

Docklands pulls its weight

Docklands pulls its weight

August 20, 2012
Philip Hopkins

DOCKLANDS, which is 48 per cent complete, has shifted the geographical heart of the Melbourne CBD to the west and is now the second-largest office precinct for prime-grade stock in the CBD.

http://www.smh.com.au/business/property/docklands-pulls-its-weight-20120819-24gge.html#ixzz243o9lUuN

Three decades after oil bust, Permian Basin booms again

http://www.mysanantonio.com/news/local_news/article/Permian-Basin-Booming-Again-3781623.php#photo-3314867

Three decades after oil bust, Permian Basin booms again
BY JOHN MACCORMACK : AUGUST 11, 2012

MIDLAND – Nearly three decades ago, Texas Monthly ran a post mortem on the Texas oil industry with headline reading “So long, it was fun while it lasted,” and a forlorn James Dean figure hitchhiking out of town.

The Mississippian Lime: America's Next Big Resource Play

http://seekingalpha.com/

The Mississippian Lime: America's Next Big Resource Play
By Braden Holt

There's no doubt that shale plays are sexy in the oil and gas realm these days, but prudent investors know all that really matters is return on investment. Valuations are high in South Texas' Eagle Ford Shale, where private equity firm Kohlberg, Kravis, Roberts & Co (KKR) recently agreed to pay $25k per acre in a participation agreement for up to 1/3 of Comstock Resources' (CRK) undeveloped Eagle Ford acreage. In North Dakota's Bakken Shale, Bakken pure-play Kodiak Oil & Gas (KOG) paid $11,800 per acre in a deal late last year with two private companies. If investors are looking for a value play, they should turn their heads to the Mississippian Lime, where acquisition prices averaged $3,284 per acre1 during the past year.

Docklands nears 20% of Melbourne’s Prime Market

Docklands nears 20% of Melbourne’s Prime Market

MELBOURNE, 8 August 2012 - The Docklands precinct is now larger than Melbourne’s Eastern Core and is the second largest office precinct for prime grade stock in the Melbourne CBD. According to Jones Lang LaSalle Research, Melbourne’s CBD office market is 4.27 million square meters of which 2.44 million square meters are prime grade.

http://www.joneslanglasalle.com/Pages/NewsItem.aspx?ItemID=25855

How to Calculate Net Revenue Interest for Oil & Gas

http://wiki.fool.com/

How to Calculate Net Revenue Interest for Oil & Gas
Original post by D. Laverne O'Neal of Demand Media

Net revenue interest is defined as a share of oil or gas production that is calculated after deducting any burdens from the working interest. For example, an oil well typically has a mineral rights owner and an overriding royalty owner. These owners receive a flat percentage "off the top," so to speak, of the well proceeds. The remaining owners are known as working interest owners. Each owns a working interest percentage of the well proceeds. Each must calculate her net revenue interest in production.