Hints and tips:
...Apollo and Citigroup subsequently extended loans to Kushner Companies to help finance real estate in Chicago and Brooklyn, respectively....
...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....
...Despite its relaxed atmosphere, the market for real estate in Amagansett is still managing to compete with its posh neighbours....
...“From an investor’s point of view, there’s a lot of bullishness on the housing market but very few ways to play it,” said Andy Richard, managing director in the real estate investment banking group at Credit...
...“The investment period is closing quickly . . . we’re at the beginning of a long run in home price recovery,” said Jon Gray, global head of real estate at Blackstone, at the Wharton Economic Summit in New...
...The California-based company, which is controlled by real estate investor Barry Sternlicht, raised $233m from an initial public offering as it priced 13.7m shares at $17 on Wednesday, a dollar above its...
...He also worked in the real estate group for Smith Barney for four years....
...Law firms, in particular, have been one of the main driving factors in Chicago’s expanding office real estate market....
...real estate empire....
...Vornado Realty Trust, the US property group, has joined the consortium of investors working on a rival bid to take over Equity Office Properties, Sam Zell’s commercial real estate empire, people familiar...
...A trio of investors led by Vornado Realty Trust has launched a $39bn cash and stock bid for Equity Office Properties Trust, Sam Zell’s commercial real estate empire....
...Other real estate investors including Starwood Capital and Vornado Realty Trust could attempt to join a move by Cerberus, said one EOP shareholder. Starwood and Vornado declined to comment....
...In bidding for EOP, Vornado is hoping to become the leading real estate investment trust in the US, with a portfolio of properties in the most valuable markets in California and the East Coast....
...On the deals front, General Electric rose 1 per cent to $35.42 after the conglomerate’s real estate unit agreed to buy commercial real-estate investment trust Arden Realty for about $3.2bn in cash....
...rival Apollo; Bain Capital and Vornado Realty Trust; and a fourth group that includes Goldman Sachs's private equity group, Kimco Realty and Cerberus Capital....
...Kohlberg Kravis Roberts and an investment group including Cerberus Capital Management, Goldman Sachs and Kimco Realty, a real estate investment trust, have both recently expressed an interest in bidding...
...they have confidence in the business and it is not going to be a case of going in, closing all the stores and liquidating the real estate?....
International Edition