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...Although Mitsui Fudosan is the largest Japanese property group by value, it has, at 6.91 per cent, the lowest return on equity among peers such as Mitsubishi Estate and Sumitomo Realty....
...This year, it acquired real estate manager Mitsubishi Corp-UBS Realty for $2bn....
...Another brokerage group, Redfin Corp, dropped 5.7 per cent....
...Digital Realty this week lowered its full-year earnings guidance after a sharp drop in the amount of space leased to large tech companies in the Americas....
...“There’s been a notable momentum shift for groups wanting to find product in New York,” he said, citing growing inquiries from potential partners....
...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....
...Some big local Reits, including Japan Real Estate Investment Corp, have lost over a tenth in the past year....
...Frederick Peters, chief executive of Warburg Realty — and a scion of the old-money Warburg family — echoes a complaint that is common among the wealthy: that the proposed tax increases are motivated less...
...For Sterling Wong, president of Search Realty Corp, the online property agency near Toronto was in a good position before the Covid-19 disruption because all its systems were already online....
...Axa Investment Managers has agreed to buy New York-listed Northstar Realty Europe, which is managed by a group led by Donald Trump ally Tom Barrack and owns a €1.1bn portfolio of prime office space in Germany...
...The company has been targeted by the New York hedge fund Senvest Management over Northstar Realty Europe, a publicly traded real estate investment trust from which Colony collects management fees....
...s largest private landlords, and SL Green Realty, an S&P 500-listed real estate investment trust....
...Oxford Properties, a division of the Ontario Municipal Employees Retirement System, and US private equity house Madison International Realty have acquired the city centre complex from South Korea’s national...
...If there isn’t, that exciting prospect may soon be a realty reality – especially now that Informa is bidding for rival business-to-business events and information group UBM....
...Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, a Canadian pension fund, and US private equity house Madison International Realty acquired the centre from South...
...The collapse led to both private equity groups and Vornado Realty Trust to lose out on the $1.3bn of equity they sank into the retailer. However, the losses were offset by the more than $360m in fees....
...It took just five months for the party to recover from that setback and ensure “full coverage” at Tianjin Realty....
..., was down 5.1 per cent ● Simon Properties, the largest player in the group, slipped 4.3 per cent ● GGP, the second-biggest group by market value, slipped 1.9 per cent What retail executives are saying...
...The toy merchant had been staggering for years after having been bought out by KKR, Bain Capital, and Vornado Realty in 2005 for nearly $7bn in a complex leveraged buyout....
...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...
...Home sizes will range from 2,500 sq ft to 5,600 sq ft, with prices from $5.75m to $25m, says Roger Pleski of Wailea Realty Corp....
...And just last month it bought German group Kaufhof for €2.4bn....
...It generated $2.8bn in revenues last year — or 14 per cent of total group revenue....
...Sumitomo Realty & Development, a property developer, has nominated two outside directors for its AGM on Friday, but both are officials from companies in the same Sumitomo group....
...Three minority shareholders — Madison International Realty, Third Avenue Management and EMS Capital — have already indicated their willingness to accept the offer....
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