Hints and tips:
...“It’s owned by RFR Realty, but originally it was built by Mel and Bob Kaufman, which is Sage Realty, which used to be partners with Howard Ronson, and they got into a big fight....
...Speaking to investors in February, Steven Roth, chief executive of Vornado Realty Trust, one of New York’s largest office landlords, conceded that the five-day work week was finished....
...Lender Arbor Realty Trust foreclosed on the properties in April....
...New York-based Vornado Realty Trust wrote down its share of 650 Madison Avenue by about a third at the end of last year....
...He has underperform ratings on Boston, Vornado and SL Green....
...Hot on his heels comes Macklowe with the 426 metre 432 Park Avenue, and then Steve Roth, the bruising head of Vornado Realty Trust, and Michael Stern, a wunderkind with a mysterious past....
...SL Green will sell the 49.9 per cent stake in Manhattan’s 245 Park Avenue building to Japan’s Mori Trust, supplying much-needed cash to the real estate investment trust....
...Investment Trust Q4, Michelin FY, monday.com Q4, Trimble Q4 Tuesday Opec: February Oil Market Report EU: Ecofin meetings France: Q4 unemployment rate figures Germany: February Zew Economic Sentiment...
...The investment push is coming from Blackstone’s ownership of QTS Realty Trust, a real estate trust focused on data centres, which it acquired for more than $10bn in mid-2021....
...On an earnings call last week, Steven Roth, chief executive of Vornado Realty Trust, acknowledged that hybrid working would not be a passing phenomenon, telling analysts: “I think you can assume that Friday...
...Properties and Vornado Realty....
...Much of the funding would come from the construction of 10 towers around the station on plots owned by a property developer, Vornado Realty Trust....
...The group has committed to spend more than $8bn to build data centres for several large-scale technology companies, according to two sources familiar with the matter, using QTS Realty Trust, a company it...
...The owner of data centres in the US, Toronto and Frankfurt was spun out of US property group Digital Realty and was Singapore’s biggest equity listing by funds raised of the past five years and the fourth...
...In mid-2021 it also acquired QTS Realty Trust, a real estate trust focused on data centres....
...Each company is organised as a real estate investment trust, a structure that avoids corporate level tax but that requires hefty dividends be paid out to shareholders....
...This is a giant reset for the industry,” said Ron Dickerman, president of Madison International Realty. “All real estate is likely worth less now than it was six or 12 months ago.”...
...And you look at real estate investment trusts, which are like these, you know, publicly traded pools of commercial property, office real estate investment trusts....
...Among other projects, Shannon is working on a near-total gutting of the former One and Two Penn Plaza, drab, 1970s-era towers that loom over Pennsylvania Station, for Vornado Realty Trust; an update of the...
...Equinix and Digital Realty are some of the biggest real estate investment trusts in Europe....
...Last year, the world’s biggest private equity firm Blackstone acquired Kansas-headquartered QTS Realty Trust for $10bn while KKR and GI Partners purchased Texas-based CyrusOne for $15bn....
...Blackstone Group bought Kansas-headquartered QTS Realty Trust for $10bn last year while KKR and GI Partners acquired Texas-based CyrusOne for $15bn in March....
...But beware using this as a catalyst to buy Japanese property stocks and real estate investment trusts....
...Data centres owned by groups such as Digital Realty Trust and Equinix are vast warehouses of servers that power large swaths of the internet....
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