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.
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.
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.
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.
Gek Terna Real Estate Construction S A : Purchase Of Treasury Shares -december 06, 2023 At 02:30 Am Est | Marketscreener
(marketscreener.com)
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...https://www.marketscreener.com/quote/stock/GEK-TERNA-HOLDINGS-REAL-E-6259032/news/GEK-TERNA-Real-Estate-Construction-S-A-Purchase-of-Treasury-Shares-45509755/?utm_medium=RSS&utm_content=20231206.
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.
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.
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.
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 $1 billion for a private equity fund to buy minority, non-controlling stakes in RIAs and other wealth advisory platforms, Constellation has purchased more than a quarter of AlphaCore’s equity, replacing two family office investors in its inaugural transaction.
Ap3 And Wafra Announce Covalent
Wafra is a global alternative investment manager with over US$ 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…