Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. December 06, 2023

China's Wanda To Sell Remaining Stake In Cinema Investor - Nikkei Asia

DALIAN, China -- Dalian Wanda Group, China's largest mall operator, will sell its remaining shares in an investment arm to a domestic film production company, as the conglomerate scrambles to avoid a default amid a deepening real estate slump. Wanda Group units and the group's founder will sell 51% of Beijing Wanda Investment to China Ruyi Holdings, a Tencent Holdings-backed company that has produced hit films and television shows.
Read by 52% of LPs 6hours ago

Rice Park Capital Management Launches Newly Formed Advisory Board For Strategic Equity Investing

Members include industry leaders from the residential real estate, mortgage, and technology industries, with experience at Coldwell Banker Realty, PRMG, Nationwide Mortgage, Compass, and Clear Capital MINNEAPOLIS, Dec. 7, 2023 /PRNewswire/ -- Rice Park Capital Management LP ("Rice Park"), a Minneapolis-based, private investment firm, announces it has recently formed an Advisory Board for its strategic equity investing strategy ("RPC Ventures") to help with market insight and support in the real estate, mortgage and technology industries.
Read by 53% of LPs 20hours ago

Fahour Takes Top Job At Gurner Group

Former Latitude Financial and Australia Post boss Ahmed Fahour joins the luxury developer as its new chief executive. : Former Latitude Financial and Australia Post boss Ahmed Fahour joins the luxury developer as its new chief executive. In a surprise announcement, Gurner Group announced that Fahour would be leading its strategic growth in real estate, funds management, wellness, property management, and hospitality, citing his impressive track record in "illustrious leadership roles." Fahour's last chief executive post was at troubled consumer finance group Latitude Financial, where he left in March following a cybersecurity breach affecting 14 million people. The group stated that the appointment would enable founder Tim Gurner to "delve deeper into his passions" and focus on crafting exceptional experiences for clients and partners. He will also concentrate on deals, capital, and visionary projects. "With almost $15 billion in development projects, GURNER Group is at an exciting point of expansion and transformation," it said. "Ahmed's vision and expertise will guide us new heights of success and innovation in the property sector and beyond." The news comes as Gurner Group and Qualitas-backed GQ build-to-rent (BTR) platform enter a joint venture with Malaysian developer OSK Property to build and operate a $2.8 billion Melbourne Square precinct. In June, GQ expanded its pipeline to 3650 apartments in both Melbourne and Brisbane, in a bid to deliver "much needed apartment stock" to the market.
Read by 66% of LPs December 06, 2023

Capital Square And Sunstone Two Tree Begin Construction On Single-family Build-for-rent Community Near Phoenix

PHOENIX, Dec. 6, 2023 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, and Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets throughout the United States, today announced that they have broken ground on a new build-for-rent community in Glendale, Arizona. The 29-acre lot in the Phoenix suburb will become Ironwood Homes at Rosefield and feature 320 single-family rental homes and plenty of amenities.
Read by 72% of LPs December 06, 2023

Gek Terna Real Estate Construction S A : Purchase Of Treasury Shares -december 06, 2023 At 02:30 Am Est | Marketscreener

( Announcement GEK TERNA S.A. informs the Investors that, in compliance with Regulation No 596/2014 of the European Parliament, the Commission Delegated Regulation 2016/1052 and according to article 49 of Law 4548/2018, as amended and currently in force, proceeded on December 5, 2023 with the purchase...
Read by 45% of LPs December 05, 2023

Manulife Investment Management Announces $1.2B Industrial Recapitalization With Scannell Properties And Stepstone Real Estate - Manulife Financial (nyse:mfc)

BOSTON, Dec. 5, 2023 /PRNewswire/ - Manulife Investment Management has announced a $1.2 billion partnership with Scannell Properties and StepStone Real Estate, facilitating the recapitalization of 35 newly constructed Class A industrial assets spanning 10.4 million square feet across 17 markets within the United States. "We're pleased to partner with Scannell Properties given their extensive expertise as an industrial developer and their reliability and delivery of high-quality industrial assets," said Marc Feliciano, Global Head of Real Estate for Manulife Investment Management.
Read by 68% of LPs December 05, 2023

Barbara Corcoran's ‘golden Rule’ Of Real Estate Investing

The "Shark Tank" star with a $100 million net worth says paying 20% down is key—and explains why. : Barbara Corcoran is renowned for her heart-over-head investment decisions—and for bucking conventional finance wisdom, including proudly not saving a “dime” of her substantial wealth. But she must be doing something right, considering she’s worth about $100 million—and she recently revealed some keys to her success in real estate.
Read by 40% of LPs December 05, 2023

11 Must Reads For Real Estate Investors (dec. 6, 2023)

The CEOs of Yieldstreet and Cadre talked to Fortune about how the acquisition came together. Private debt and equity options geared for accredited investors continue to proliferate. These are among the must reads from the real estate investment world.
Read by 51% of LPs December 05, 2023

Heckenberg’s Pe Firm Makes First Investment In Alphacore Wealth

Constellation Wealth Capital has purchased a minority stake in the alts-focused, technology-driven California RIA. : AlphaCore Wealth Advisory, a La Jolla, Calif.-based, alternatives-focused registered investment advisory firm managing $2.6 billion for around 1,140 clients, has become the first capital recipient of Karl Heckenberg’s new private fund management company, Constellation Wealth Capital. After disclosing plans earlier this year to raise $1 billion for a private equity fund to buy minority, non-controlling stakes in RIAs and other wealth advisory platforms, Constellation has purchased more than a quarter of AlphaCore’s equity, replacing two family office investors in its inaugural transaction.
Read by 79% of LPs December 05, 2023

Ap3 And Wafra Announce Covalent

Wafra is a global alternative investment manager with over US$ 30 billion in assets under management across a range of alternative assets, including real assets, real estate, and strategic partnerships. Wafra aligns and partners with high quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London, Kuwait and…
Read by 78% of LPs