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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....
...On an earnings call last week, Steven Roth, chief executive of Vornado Realty Trust, acknowledged that hybrid working would not be a passing phenomenon, telling analysts: “I think you can assume that Friday...
...Equinix and Digital Realty are some of the biggest real estate investment trusts in Europe....
...One of the investors in the Cerberus group is Kimco Realty....
...The real estate group is acquiring Duke Realty for $25.6bn, including debt. Under the terms of the all-stock deal, Duke shareholders will receive 0.475 of a Prologis share for each of theirs....
...Teraco is the industry leader in South Africa and the continent’s connectivity hub,” said A William Stein, Digital Realty’s chief executive....
...News round-up McKinsey’s Bob Sternfels: ‘We’re OK if you don’t agree with us’ (FT) Prologis to buy Duke Realty in $26bn deal (WSJ) Gorman reassures on US economy as markets shudder (FT) BP sells stake...
...Who Luxury Portfolio International, Illustrated Properties Real Estate, Inc Estate, Plantation Key, $13.999m Where In Plantation Key, part of the Upper Keys, south of Key Largo....
...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....
...“Many homeowners have decided not to rent and instead use their homes,” said Dana Trotter, with Sotheby’s International Realty in Bridgehampton, which has a short-term letting business....
...Robinhood raises $2.4bn in second cash injection in four days https://www.ft.com/content/790324e0-8526-4d9e-9717-a4430e1be034 Robinhood’s bid to ‘democratise trading’ checked by Wall Street realties www.ft.com...
...In an earnings call with investors earlier this year, Anthony Malkin, chairman and chief executive of Empire State Realty, cited Mr McGuire as the sort of sensible figure the city’s real estate industry...
...Digital Realty, a data centre Reit, paid out about 73 per cent of its cash flow in dividends....
...Jordan Robins, executive vice president and COO of First Capital Realty Inc, which is involved in the retail development of East Bayside, is impressed by forward-looking developers who are willing to commit...
...No wonder Equinix and Digital Realty are battling over the less developed European market....
...As part of a deal with Forever 21 after the company filed for Chapter 11 bankruptcy protection, Vornado Realty Trust more than halved the $20m in annual rent it had been demanding for the celebrated site...
...Toys R Us ultimately toppled under the weight of its $5bn debt burden, a legacy of its leveraged buyout in 2005 by KKR, Bain Capital and Vornado Realty Trust, yet it also struggled with rapidly changing...
...Mr Meyer, who is chief financial officer of the JVM Realty corporation, an investment firm specialising in real estate, has served on the board sine 2010 and as chairman since 2017....
...is now a greater incentive for foreign investors to buy properties in Florence as they know there is a good return on investment through rental yields,” says the head of sales at Sotheby’s International Realty...
Overhaul of business model was well conceived and poorly executed
...(NYT) News Round-Up Osram/Bain/Carlyle: sensor proportion (FT) Moody’s warns Merlin’s £6bn take private deal could lead to downgrade (FT) Axa Investment to buy New York-listed Northstar Realty (FT)...
...They’re simply the best at what they do,” said Craig Deitelzweig, chief executive of New York-based Marx Realty....
...The scramble to find such space has benefited companies such as Equinix and Digital Realty Trust, the two largest independent co-located datacentre companies....
...Vornado Realty Trust, which was an equal partner with Bain and KKR in the 2005 buyout, has refused to answer workers’ emails, the Financial Times reported earlier this year....
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