Hints and tips:
Related Special Reports
...Although Mitsui Fudosan is the largest Japanese property group by value, it has, at 6.91 per cent, the lowest return on equity among peers such as Mitsubishi Estate and Sumitomo Realty....
...“It’s owned by RFR Realty, but originally it was built by Mel and Bob Kaufman, which is Sage Realty, which used to be partners with Howard Ronson, and they got into a big fight....
...Shares in property groups Mitsubishi Estate and Sumitomo Realty are up 40 per cent....
...“Now is definitely winter for the property market,” said Sammy Po, chief executive of Hong Kong-based Midland Realty’s residential division. “Prospective buyers prefer a wait-and-see attitude.”...
...Digital Realty this week lowered its full-year earnings guidance after a sharp drop in the amount of space leased to large tech companies in the Americas....
...BlackRock, the world’s largest asset manager with more than $9tn under management, joins a growing corporate push to have employees spend more time in the office....
...It was part of the buzzy South Beach renaissance when hotelier Ian Schrager took over its management in 2002....
...The release of Apple’s new headset shows that the most valuable company in history believes augmented and virtual realty is here to stay....
...According to management, the Singapore-listed group is typically bound by confidentiality provisions in lease agreements....
...property group Brookfield stopped making payments on $734mn of LA office building debt, and there is elevated short interest in real estate investment trusts such as Hudson Pacific Properties and Vornado Realty...
...This marks BC Partners’ second big sale in the past week after it agreed to offload a minority stake in US petcare retailer PetSmart to Apollo Global Management....
...This is a giant reset for the industry,” said Ron Dickerman, president of Madison International Realty. “All real estate is likely worth less now than it was six or 12 months ago.”...
...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....
...by Highfields Capital Management in 2013....
...Now, however, buying with a mortgage is a “nightmare”, says Guy Bradshaw, managing director of UK Sotheby’s International Realty....
...One of the investors in the Cerberus group is Kimco Realty....
...Missfresh raised money from a fund set up by California real estate mogul Carl Chang’s company, Kairos Investment Management, at a $3.5bn valuation shortly before the start-up’s IPO in June 2021....
...Last year Blackstone bought QTS Realty Trust for about $10bn, at the time the largest deal in data centre history....
...In 2020 Chanos sold a minority stake in the management company to boutique investment firm Conlon & Co....
...so-called Lipstick Building at 885 Third Avenue for SL Green Realty; and the McGraw Hill Building on 42nd Street for Resolution Real Estate Partners....
...Having joined Sotheby’s as a management trainee, Kraft became managing director of its European real estate department in 1998 at the age of 26....
...The $1.2bn Market Expansion Enhanced Index Fund will switch over on May 6 into the Market Expansion Enhanced Equity ETF, and the $1.8bn Realty Income Fund will convert on May 20 into the Realty Income ETF...
...Canadian investment group Brookfield Asset Management began picking up land for the development decades ago, when it acquired assets from the failed property conglomerate Olympia & York....
...That price clearly puts high value on the expression “under new management”....
...Blackstone used the same technique in its $14.6bn sale of BioMed Realty in 2020 and its €21bn recapitalisation of European logistics giant Mileway in February....
International Edition