Hints and tips:
...Ackman, whose Spac Pershing Square Tontine Holdings raised a whopping $4bn, announced a three-part transaction that left a lot of people confused. Buckle up because this deal gets complicated....
...Cerberus first invested in the company in 2006, and along with the property groups Kimco Realty, Klaff Realty, Lubert-Adler Management and Schottenstein Stores bought it from Supervalu in 2013....
...The trust is a corporation owned by DJT Holdings LLC — that is, Donald J Trump. Mr Trump appears to owe the money to himself....
...Jeb Bush, the ex-governor of Florida, has joined the board of IHS Holding, the telecommunications infrastructure group, as one of two new independent directors....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...They’re simply the best at what they do,” said Craig Deitelzweig, chief executive of New York-based Marx Realty....
...Since KKR, Bain Capital and Vornado Realty took the company private in a leveraged buyout in 2005, the company has spent more than $250m a year servicing some $5bn of long term debt....
...In the end, the debtholders held all the aces, although the private equity firms will be allowed to keep a piece of the action....
...Apollo is acquiring control of AR Global Investments, a new vehicle holding most of the asset management business of AR Capital for $378m....
...Partly, the rise in prices is caused by a shrinking inventory, says Rylan Jacka of Sotheby’s International Realty....
...Mr Costa’s appointment brings the number of board appointees nominated by Qatar Holding, the direct investment arm of the Qatar Investment Authority, back up to three....
...This is a legacy of former Bear chief executive Alan “Ace” Greenberg’s requirement that top managers of the bank donate a portion of their earnings to charitable causes....
...The consortium – which also includes Kimco Realty, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores – will pay around $40 per share for Safeway, including $32.50 in cash....
...Malkin Holdings, the family-run company that controls the Empire State Building, spearheaded the campaign to form an easily tradeable Reit to replace a Byzantine ownership structure created half a century...
...The Empire State Realty Trust, to be traded on the New York Stock Exchange, aims to bring together the landmark tower and other New York-area properties in its portfolio....
...Realogy Holdings, owned by private equity group Apollo Global Management, has set the terms of a $1bn share offering as it prepares to kick-off its roadshow next week....
...The Swiss trading-cum-mining house’s recent bluster suggests that it holds all the aces in deciding the future of 34 per cent-owned Xstrata, and can merge fully with it when it wants....
...Never mind, more to the point, that this deal remains a very odd one indeed, as Qatar Holding has now noticed....
...Realogy, the US residential property broker, which operates estate agency franchises including Century 21 and Sotheby’s International Realty, was bought by an Apollo affiliate in April 2007 for $6.8bn....
...Preceding AmTech (now Gleacher & Co.), Mr Schreiner was co-founder/portfolio manager at MS Capital Management, LLC, a Phoenix-based hedge fund....
...Americold Realty Trust, a warehouse operator owned by billionaire Ron Burkle’s Yucaipa Cos, postponed its $660m initial public offering after slashing the mid-point price by 33 per cent....
...But nearby on East 71st Street, Sotheby’s International Realty is holding to its price of $75m for the 21,000 sq ft limestone townhouse that formerly housed the Salander-O’Reilly Gallery....
...However, they said an offer for Hammerson from Vornado Realty Trust, a US Reit, could not be ruled out, nor could a move from the Morgan Stanley Real Estate Fund....
...Equity Office Properties on Monday agreed to give a consortium of investors led by Vornado Realty nine days of access to its books, paving the way for a formal counterbid to be tabled for Sam Zell’s commercial...
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