(To read more on the multifamily market and the debtand equity markets, click here.)
NEW YORK CITY-If there's a trend emerging from the market thisweek it seems to be the purchase of foreign affiliates by New YorkCity-based global players. First, Cushman & Wakefield took fullcontrol of its Mexican affiliate,and now Cohen & Steers Inc. has snapped up the 50% of HoulihanRovers SA it did not already own.
Houlihan Rovers is a Brussels-based securities asset manager inwhich C&S already had a 50% stake. As of June 30, 2006, thefirm had $2.9 billion in assets under management, of which $2.1billion was through its Cohen & Steers affiliation.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
