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...This year, it acquired real estate manager Mitsubishi Corp-UBS Realty for $2bn....
...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....
...LPs finding themselves overcommitted to the asset class on the tail-end of the decade-long boom are also selling stakes in large buyout funds in the secondaries market, selling at up to 20 per cent discounts...
...One of the investors in the Cerberus group is Kimco Realty....
...Shares in Empire State Realty Trust, owner of the art deco masterpiece that is New York’s most famous skyscraper, have fallen 35 per cent since the coronavirus arrived in the city in February last year....
...They’d send you a bag of Laurel Canyon dirt to promote Joni Mitchell, or sell you two-LP samplers of assorted Warner artists for $2 in the hopes you’d buy their full-length ones for the regular price....
...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....
...Digital Realty, a data centre Reit, paid out about 73 per cent of its cash flow in dividends....
...The firm paid $8bn in 2016 for BioMed Realty, which owns properties in Boston and San Francisco....
...Others listed are Bruce Isackson, a president at WP Investments, and Robert Flaxman, founder and chief executive of Crown Realty & Development, both property companies in California....
...Toys R Us workers who lost their jobs when the heavily indebted retailer collapsed are talking to two buyout firms about a possible hardship fund — but a third, billionaire investor Steven Roth’s Vornado Realty...
...Toys R Us entered bankruptcy last September, buckling under $5bn of debt, a decade after it was taken private in a leveraged buyout by KKR, Bain Capital and Vornado Realty Trust....
...The chief executive of Vornado Realty Trust, the $13bn US property developer and partner to Kushner on the tower at 666 Fifth Avenue, disclosed on Friday that the company was near a deal to sell its 49.5...
...s largest private landlords, and SL Green Realty, an S&P 500-listed real estate investment trust....
...their business in a takeover of Reuters in 2008, the payday to the company — in which they own 63 per cent — should soften the blow to the reality that they failed to challenge the dominance of Bloomberg LP...
...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...
...Blackstone’s property arm has agreed to buy BioMed Realty Trust, a real estate investment trust that specialises in lab space for biomedical science companies, for about $8bn....
...Apollo is buying control of the vehicle from real estate entrepreneur Nicholas Schorsch, who controlled American Realty Capital Properties, a Reit that has had significant accounting issues....
...Three minority shareholders — Madison International Realty, Third Avenue Management and EMS Capital — have already indicated their willingness to accept the offer....
...Madison International Realty has become the second shareholder to choose to sell out of Canary Wharf in the face of a determined takeover bid....
...Golden Gate plans to immediately sell Red Lobster’s property portfolio for $1.5bn in a leaseback deal with American Realty Capital Properties....
...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....
...In the biggest year for US property IPOs in almost a decade, the flotation is 2013’s second-largest behind Empire State Realty Trust’s $1.07bn debut earlier this month, according to Dealogic....
...The financial group, along with a small number of other brave investors, began snapping up unwanted houses by the tens of thousands in hard-hit states like Arizona and California....
...(Financial Times) Empire State Realty, whose properties include New York’s Empire State Building, files for $1bn IPO: The company aims to offer 71.5m shares priced at between $13 and $15 each, and expects...
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