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...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...
...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....
...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....
...Warehouse operators were a winning investment during the first two years of the pandemic. Demand for industrial storage space surged amid a boom in online shopping....
...The company’s organic earnings have grown nearly 20 times since Permira’s investment in 2015, he added....
...As one senior syndicate banker at a Wall Street investment bank lamented: “The US is proving very, very difficult.”...
...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....
...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...
...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...
...Take two of the top specialists, Equinix and Digital Realty. Both take the form of US real estate investment trusts or Reits....
...rental yields,” says the head of sales at Sotheby’s International Realty for central and southern Italy....
...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....
...(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....
...If you had bought Digital Realty post-crisis, by this August you would have made more than 3.5 times your investment. And, of course, as Reits, both pay out post-capex cash flow as dividends....
...Their combative stance prompted workers to ask a state investment board in New Jersey, where Toys R Us was based, to reconsider their investments with a Solus fund....
...Dissenting board members are particularly upset that the company is being sold so soon after it converted its corporate structure to a real estate investment trust in 2016....
...Nothing beats principled, multiyear investment. If only anyone could be bothered to wait that long....
...Solus’s stance matches that of Vornado Realty Trust, a fund run by billionaire investor Steven Roth, which has ignored worker representatives’ emails....
...They would be wrong to imagine that backers KKR, Bain Capital, and Vornado Realty were counting their profits even as Toys R Us workers were lamenting their fate....
...Criticism over the treatment of workers has led some public pension funds in the US to reconsider investments with the two firms....
...In financial terms, Mr Deitelzweig estimated the investment had helped to boost rents by 30 per cent. “I think you have to do it,” he said....
...The deal with Brookfield comes months after Kushner Companies clinched a deal with its partner in 666 Fifth Avenue, Vornado Realty Trust, a $14bn US property developer....
...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....
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