An investor group led by Brookfield Asset Management Inc has offered to buy the partnership units that it doesn’t own of affiliate Brookfield Property Partners for $1650 each, valuing the company at $59 billion The offer marks a 14 percent...
Paul Bayer is retiring as National Retail Properties Inc’s chief investment officer, effective Dec 31 Bayer joined the Orlando, Fla, REIT in September 1999 as vice president of leasing and took over as chief investment officer in 2010...
Rexford Industrial Realty Inc has paid $1294 million, or $20460/sf, for four industrial properties with 632,497 square feet in Southern California The Los Angeles industrial REIT, whose portfolio now consists of more than 30 million sf, bought the...
Apartment Investment and Management Co, or Aimco, yesterday confirmed that it had received an indication of interest to buy the Denver REIT The proposed buyer is said to be Westdale Real Estate Investment and Management of Dallas, which has a...
Crain’s New York Business Vornado Realty Trust has filed lawsuits against two tenants at a pair of its Manhattan office buildings, alleging they have not paid their rent The New York REIT sued Retailing Enterprises, which occupies space at...
Commercial Real Estate Direct Staff Report Bow Street LLC had made an offer to buy Paramount Group for $950-$10/share in cash, or up to $22 billion But Paramount rebuffed the offer, saying the proposal was “inadequate” and...
Simon Property Group has once again struck an agreement to acquire Taubman Centers Inc The Indianapolis mall REIT, which in February had agreed to pay $5250 for every Taubman outstanding share, has reduced its proposed common-stock consideration by...
Simon Property Group has told its loan servicer that it was unwilling to inject additional equity into the Montgomery Mall in suburban Philadelphia, a sign that the retail property soon will be owned by its lenders The 11 million-square-foot...
Commercial Real Estate Direct Staff Report Macerich Co collected 80 percent of rents it was owed during the third quarter, marking a vast improvement over the 61 percent rent-collection rate of the second quarter, when most of its properties were...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated a three-year maturity extension for the $1036 million CMBS loan against the Fashion Outlets of Niagara Falls USA in Niagara Falls, NY The loan, securitized through COMM, 2010-C1,...
