The fund will target developments in "opportunity zones.": (Bloomberg)--RXR Realty is planning to start a fund targeting projects in low-income neighborhoods that are now eligible for breaks created by last year's federal tax overhaul. The fund will target developments in "opportunity zones." Qualified funds that invest in eligible projects in the zones can defer, avoid or reduce capital gains taxes.
PHILADELPHIA, Aug. 15, 2018 /PRNewswire/ -- 11 Capital Finance, led by 31 year old Megan Krache and her handpicked band of innovators, has crossed a significant benchmark as the preferred national commercial real estate lending partner with groups totaling over 1.3 million real estate...
Cushman & Wakefield research suggests investment activity rising quickly. : South Korean investment in UK real estate in the first half of this year was already more than double the level recorded in the whole of 2017, according to Cushman & Wakefield. The real estate consultancy said PS1.1bn (EUR1.24bn) of property had been acquired by South Korean investors in the first six months of 2018, well above the PS530m invested the year before. Cushman & Wakefield said investment volumes were "set to continue to increase significantly for the remainder of the year".
The Blackstone Group's biggest business is its real estate division, so it's only fitting that the firm's vice chairman would look there when managing his own investments. Tony James recently hired Bill Helm for the newly created role of head of real estate investments at Jefferson River Capital, a family office that invests on James' behalf. Jefferson River has yet to make a real estate investment, Bloomberg reported. The focus, initially, will be on multifamily, ... [more]
The fund is also offering to buy the company's home services division Ship. : A hedge fund owned by Sears Chief Executive Edward Lampert, has made an offer to buy the Kenmore brand of appliances for $400 million. The offer was disclosed in a filing with the Securities and Exchange Commission, according to Reuters. ESL Investments is also offering to buy the company's home services division Ship for $70 million in cash. The offer for Kenmore is conditional on ESL receiving equity financing from a potential partner, according to filing. No partner was named.
The growth in cross-border transactions is increasingly tied to portfolio and entity-level deals. : Foreign capital is continuing to pour into U.S. real estate. Transactions led by cross-border buyers jumped 27 percent during the first half of the year compared to overall investment sales that rose just 2 percent during that period, according to research firm Real Capital Analytics (RCA). Yet large-scale portfolio and entity-level deals are giving foreign-led transaction volume an added boost, while the sale of individual assets is declining. Cross-border investment is still at significantly higher levels as compared to the previous cycle.
(Reuters) - A hedge fund owned by the chief executive of Sears Holdings Corp (SHLD.O), Edward Lampert, has offered to buy the company's Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday. ESL Investments also made an offer to buy the Home Improvement business of the company's home services division for as much as $80 million in cash, according to the filing with the U.S. Securities and Exchange Commission. The offer for Kenmore is conditional on ESL receiving equity financing from a potential partner, according to the filing. No partner was named.
A hedge fund owned by the chief executive of Sears Holdings Corp, Edward Lampert, has offered to buy the company's Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday.