Investors in commercial real estate funds that lost money in the current downturn can take heart: their fund managers might be forced to recoup at least some of their losses. Bloomberg reports that private equity firm the Blackstone Group has returned $3 million to investors in its Blackstone Real Estate Partners International LP, as a result of so-called “clawback” provisions. Next quarter, Blackstone might end up paying more than $15 million to investors in another real estate fund. For this and other stories about retail and retail real estate, follow the links below:
- Blackstone Returns Fees in First Clawback Triggered at Firm (Bloomberg)
- Centro Retail Says Challenges Remain (The Sydney Morning Herald)
- Dunkin’ adds 338 Stores in 1st Half of Year (Boston.com)
- Mystery Surrounds Denver Shopping Center’s Future (cbs4denver.com)
- Mobile Marketing at the Mall: An Interview with Sam Feuer of FastMall (Marketing Pilgrim)
- Woman Delivers Baby Inside Fashion Square Mall (WNEM.com)