Hints and tips:
...This year, it acquired real estate manager Mitsubishi Corp-UBS Realty for $2bn....
...Explaining it in simple terms, bots are like a more sophisticated version of the drinking bird from The Simpsons....
...Job moves Simpson Thacher & Bartlett has hired Gabriel Silva as an energy and infrastructure partner in the firm’s New York office. He joins from Vinson & Elkins....
...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....
...The group has committed to spend more than $8bn to build data centres for several large-scale technology companies, according to two sources familiar with the matter, using QTS Realty Trust, a company it...
...Kirkland & Ellis has hired senior private equity partners Ian Barratt and Sinead O’Shea from Simpson Thacher & Bartlett in London, per Financial News....
...One of the investors in the Cerberus group is Kimco Realty....
...Simpson Thacher & Bartlett and Willkie Farr & Gallagher have both introduced the new rank in the past few years....
...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....
...The group has spent about $18bn on deals since late February....
...She joins the firm’s San Francisco Bay Area office from Simpson Thacher & Bartlett in Palo Alto....
...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....
...As Lex says, the buyout group is putting its money where its mouth is....
...Simpson Thacher & Bartlett has hired Katherine Krause, a managing director in Goldman Sachs’ legal department, as a partner in its M&A practice in New York....
...DD also enjoyed this tale from Bloomberg, which recalls an interesting celebrity endorsement — OJ Simpson....
...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....
...Kirkland & Ellis has hired Rustin Brown from rival Simpson Thacher & Bartlett to join the law firm’s Washington DC office as a partner in the debt finance team....
...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....
...Morgan are acting as financial advisers to the Blackstone-led consortium, and Simpson Thacher & Bartlett LLP is acting as legal counsel to the Blackstone-led consortium....
...The private equity group said that it was a landmark transaction....
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