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Related Special Reports
...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....
SL Green shares jump 20% after deal with Japan’s Mori Trust for stake in Park Avenue building
...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....
...In the second instance, American Tower, the owner of a network of mobile phone sites, said it would buy CoreSite Realty for $10bn....
...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....
...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...
...Axa, a global leader in property investment, said it will acquire the whole share capital of Northstar Realty Europe, which owns a portfolio of 12 office properties and two hotels....
...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....
...Mr Kilroy is the chief executive of Kilroy Realty Corp., a real estate investment trust. Mr Salem is the senior managing director emeritus of Providence Equity Partners....
...Senvest Management, a New York-based hedge fund, has written to the board of directors of Northstar Realty Europe Corp claiming the company has suffered from high management fees and should be liquidated...
...guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’s largest private landlords, and SL Green Realty...
...Michael Stoler, managing director at Madison Realty Capital, a real estate management and investment firm in New York, said this was a deal only JPMorgan could do, given that the bank owns its building,...
...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...
...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...
...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....
...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....
...Finance Corp....
...Those brave enough to search alone should acquaint themselves with Ken Corp, the Japanese estate agency that employs English-speaking staff and lists properties online in English....
...The alleged tips were about proposed takeovers including those of Elizabeth Arden and North Star Realty Finance Corp....
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