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...Speaking to investors in February, Steven Roth, chief executive of Vornado Realty Trust, one of New York’s largest office landlords, conceded that the five-day work week was finished....
...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....
...Like other developers, RXR has increasingly focused its resources on a handful of trophy properties with the most modern amenities and best locations....
...Equinix and Digital Realty are some of the biggest real estate investment trusts in Europe....
...Integra Realty Resources, an appraisal and consulting company, calculates that of the 36,110 rental units built in downtown Chicago since 2000, more than half have been completed since 2015....
...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....
...Glencore announced last week it would restart production at the Integra underground mine in New South Wales, Australia, saying it expected to mine 1.3m tonnes of material....
...“It’s lagged [behind] the other markets,” says Anthony Graziano, senior managing director for Miami at Integra Realty Resources, a consultancy. “The critical mass is just not there yet.”...
...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....
...For rivals of Equinix, such as Digital Realty of the US, another option is bidding for the jilted Interxion, rather than participating in a pricey auction of Telecity led by Goldman Sachs....
...Jason Ko, a portfolio manager of the JPMorgan Realty Income fund, suggests that Boston Properties, which specialises in offices in the most competitive US cities, looks strong on this basis....
...The GDRs (of which there were 10.4m issued) represent 30.2 per cent of the company, with chief executive Nickolay Levitskiy retaining 26.8 per cent, Timchenko’s Volga Resources retaining 13 per cent, and...
...Realty Resources, a Florida-based consultancy....
...Exporters lost ground but companies that depend on domestic demand such as property found favour.Sumitomo Realty & Development gained 2.9 per cent to Y1,672, the top percentage gainer on the Nikkei....
...Integra and Kom/9, the two consortia representing almost 50 local and regional utility companies, are set to conclude the purchase of Eon’s 90 minority stakes in municipal utilities by the end of this year...
...Real estate companies were under pressure after Sumitomo Realty reduced its profit estimate for the year ended March on the writedown of the value of investments....
...Integra’s share price closed down 0.45 per cent at $12.75....
...Group Trust KRG.N and Arcadia Resources Inc (KAD.A), according to financial data firm SNL Financial....
...Sumitomo Realty & Development lost 2.8 per cent to Y2,230 and Mitsui Fudosan was down 1.5 per cent to Y2,350....
...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....
...Mitsubishi Estate jumped 2.8 per cent to Y2,740, Mitsui Fudosan rose by 1.4 per cent to Y2,475 and Sumitomo Realty & Development was up 1.6 per cent to Y2,535....
...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 shed 4.9 per cent to Y1,660....
...The Shanghai Composite index fell 3.7 per cent to 3,941.08, hit by falling resource stocks over fears that cooling measures would damp demand for raw materials....
...In deal news, the fierce battle to acquire Equity Office Partners was won by Blackstone, the private equity group, after rival bidder Vornado Realty Trust withdrew its cash and stock offer to buy the commercial...
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