Welltower and Hines pay $61M for senior living development site
Welltower Inc. with joint venture partner, Hines, have closed on a $61 million purchase of an Upper West Side property and plan to build a
Tag : reits
$700M recap hastens Lexington Realty’s push into industrial sector
Lexington Realty Trust is accelerating its push towards industrial properties with a recapitalized a portion of its suburban office assets into a joint venture. Lexington,
Brookfield buys Forest City for $11.4B
Brookfield Asset Management purchased Forest City Realty Trust in an all-cash deal valued at $11.4 billion on Tuesday morning. Brookfield paid $25.35 a piece for
Sam Zell on why he’s no a fan of #MeToo and why this bull run is nearly over
Sam Zell says he loves women, but don’t get him started on #MeToo. Asked for his thoughts on workforce diversity and women speaking out against
$600M Fontainebleau deal leads list of biggest 2017 hotel sales
With construction activity firing on all cylinders in all the major markets in the U.S., concentrated mainly in the office, multifamily and industrial sectors, the
More Manhattan retailers looking to own their real estate
By Adelaide Polsinelli, principal, senior managing director, Eastern Consolidated Despite claims that retail is dead, from an investment perspective, it’s far from it. Although retail
Investcorp buys two New York REIT buildings in Midtown West for $156M
Bahrain-based asset manager Investcorp has bought two New York REIT office buildings as the company continues to liquidate its assets. Investcorpʼs U.S.-based real estate arm
New retail REIT ShopOne looking to cash in on market dislocation
ShopOne Centers REIT Inc. announced the formation and launch of its new platform, a private real estate investment trust (REIT) focused on acquiring, operating and
REITs and affordable housing a public-private marriage of convenience
By Nicolas P. Retsinas, Chairman, Community Development Trust Capital markets have entered a marriage of convenience arranged by Uncle Sam. The new couple binds Real
Risky business: REITs continue to fret over interest rates
By Anthony LaMalfa, partner, BDO Real Estate & Hospitality Services Concerns over increases in interest rates and hedging continue to give REITs their biggest headache,