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...UBSO: 6; L: 7; I: 7; Total: 20The legal team at the bank advised on the sale of UBS and Mitsubishi’s joint venture, Mitsubishi Corp-UBS Realty, to global investment fund KKR for $2bn....
...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 November, Granta Park, south of Cambridge, became part of Blackstone, after the US hedge fund bought BioMed Realty, a San Diego-based property fund that specialises in lab space for biomedical science...
...Shares in Silver Bay Realty Trust have risen 10.5 per cent since it launched its IPO late last year....
...“The single family home rental business is not as efficient,” said Boris Pialloux, analyst at National Securities Corp, before Wednesday’s news....
...“Banks are not making new loans, because they have all these old, bad loans on their books,” says Joseph Ori, a senior vice-president at NRC Realty & Capital Advisors, which arranges structured real estate...
...is soon expected to sell the first offering of commercial mortgage-backed securities eligible for loans under the term asset-backed securities loan facility – $400m, on behalf of Developers Diversified Realty...
...Elsewhere in the consumer sector, Procter & Gamble said AG Lafley, chairman, would retire in early 2010 and Bob McDonald, chief executive, would take over the role as chairman....
...Digital Realty Trust, a Californian company that deals in data centre real estate, has appointed Christopher Crosby to be its senior vice president of corporate development. He reports to A....
...Sumitomo Realty & Development rose 1.8 per cent to Y1,909 and Tokyu Land advanced 2.9 per cent to Y430....
...Reuters reports that Ackman had nominated himself, former Starbucks chief exec Jim Donald; Richard Vague, former chief exec of Visa credit card issuer First USA; Michael Ashner, chairman of Winthrop Realty...
...“A keen and comprehensive appreciation of risk is at the centre of everything we do” is how Mr Blankfein, the Bronx-born son of a postal worker who made his way to the top from Goldman’s cut-throat trading...
...Corp DDR.N, where Circuit City accounted for 1.7 percent of its annual base rent revenue, and Kimco Realty Corp KIM.N, where the chain accounted for 1.5 percent of its annual base revenue, according to...
...“In the past month, orders and inquiries have all but come to a halt,” says Brian Lunn, managing director of UK-based Bronx Engineering, which makes inspection systems for steel mills....
...Simon Property Group and Vornado Realty Trust fell 8.5 per cent to $72.07 and 10.3 to $8.12, respectively....
...Sumitomo Realty & Development slumped 4.7 per cent to Y2,620 and rival Mitsui Fudosan fell by 2.4 per cent to Y2,66. Mitsubishi Estate fell by 3.6 per cent to Y2,790....
...Mitsui Fudosan lost 3.6 per cent to Y2,170 and Sumitomo Realty & Development fell 3.4 per cent to Y1,919....
...Sumitomo Realty slumped 11 per cent to Y1,852 and Urban Corp, a condominium developer, slid 6.9 per cent to Y802....
...Sumitomo Realty & Development was up 2.2 per cent to Y4,590. Makers of construction materials rose....
...Corp....
...Last week, Vornado Realty Trust tabled a $56 cash and stock bid for EOP. The new Blackstone bid came a day before shareholders of EOP were set to vote on the deal....
...Sumitomo Realty & Development, one of Japan’s biggest property companies, plunged 3.4 per cent to Y3,090 after Credit Suisse said the stock was overvalued....
...A third element of the consortium, including Cerberus, a private equity group, and Kimco Realty, will take over 655 underperforming Albertson’s stores in Texas, Northern California and other western states...
...The Brooklyn-born lawyer advises Goldman Sachs’ real-estate group and Vornado Realty Trust....
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