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pymnts.com 17hours ago

Ggp Rejects Brookfield Property's $14.8b Offer

Real estate investment trust GGP has rejected a buyout offer from global real estate investment firm Brookfield Property Partners, according to news from CNBC on Monday (Dec. 11). The $14.8 billion offer was to purchase the 66 percent of GGP shares that Brookfield Property, GGP’s largest stakeholder, does not currently own. One of the largest shopping […]
Read by 44% of LPs

crainsdetroit.com 1 hour, 9 minutes ago

Hospital Megamergers May Lower Overhead, But At What Cost? | Crain's Detroit Business

Shelby Livingston and Tara BannowModern Healthcare - Hospitals are under increasing pressure to merge as inpatient revenue slows to a crawl and expenses related to personnel and technology balloon.
Read by 42% of LPs

techcrunch.com 9 hours, 39 minutes ago

A Venture Firm Focused On Real Estate, Navitas Capital, Just Raised $60m

Real estate heavyweights clearly don't want to be left in the dust by tech startups that see opportunities to do things more efficiently, more transparently and more affordably than has previously been possible in the long clubby, expensive and opaque world of real estate. Just one indicator is their sudden interest in venture capital. Read More.
Read by 63% of LPs

therealdeal.com 11 hours, 9 minutes ago

Adam Neumann | Wework | Irving Place

Adam Neumann, the co-founder and CEO of co-working space behemoth WeWork, has put together a swanky eyrie on Irving Place in Gramercy, The Real Deal has learned. Neumann, whose company was most recently valued at $20 billion following a multibillion-dollar investment from Softbank, closed on four units at a seven-story building on Irving Place, according to sources familiar with the deal. Property records show a buyer paid $18 million for a 4,400-square-foot duplex penthouse with [...]
Read by 50% of LPs

multihousingnews.com 12 hours, 9 minutes ago

Stamford Community Commands $67m

TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.
Read by 30% of LPs

business-standard.com 16 hours ago

Indian Real Estate To Attract Institutional Investors

India's real estate sector will see inflow of institutional investment including from foreign players over the next five to ten years, said CBRE India and Southeast Asia Chairman Anshuman Magazine.
Read by 79% of LPs

therealdeal.com 18 hours, 9 minutes ago

Lennar Homes | The Reserve At Edgewood

Lennar Corp. just paid $7.5 million for a townhouse development project in Fort Lauderdale, property records show. Lennar acquired the 105-unit, 7-acre site at 2807 Southwest 15th Avenue, a former mobile home park. The seller, EW Townhouses LLC, is an affiliate of Brick O. Real Estate, led by founder Daniel Avakian. Records show Avakian bought the land in 2014 for $4.1 million and started construction last year, according to a notice of commencement filed with ... [more]
Read by 61% of LPs

axios.com 19 hours, 39 minutes ago

Shopping Mall Operator Ggp Rejects $15b Takeover Bid

Chicago-based shopping mall operator General Growth Properties has rejected a $14.8 billion takeover offer from its largest shareholder Brookfield Property Partners, as first reported by Reuters. Bottom line: Canada-based Brookfield has shown before that it will sweeten the pot to get what it wants. Just last year it was turned down by U.S. mall operator Rouse Properties, only to win the deal after bumping up the share price by over 7%. Brookfield says that the merger would create a combined company with nearly $100 billion in global real estate assets and annual net operating income of around $5 billion.
Read by 53% of LPs

prnewswire.com 23 hours, 39 minutes ago

Arch Street Capital Sells 24-asset Industrial Portfolio

GREENWICH, Conn., Dec. 11, 2017 /PRNewswire/ -- Arch Street Capital Advisors, LLC ("Arch Street"), a Greenwich, Connecticut based real estate investment advisory firm, has announced the sale of 24 properties located across 13 US states totaling 3.37 million square feet of primarily...
Read by 35% of LPs

realassets.ipe.com 23 hours, 39 minutes ago

Survey Signals Slowdown In Returns For Property Investment In Australia | News | Ipe Ra

Australian property has generated returns of 9% to 10% annually over 20 years. : The years of high returns from property investment in Australia may be over as yields start to tighten, according to a survey of property fund managers published today. With the exception of one year, the Australian property market has generated a return of 9% to 10% annually over the 20 years to June 2017, according to Atchison Consultants for the Property Funds Association.
Read by 61% of LPs