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 $16.50 each, valuing the company at $5.9 billion. The offer marks a 14 percent ...
Commercial Observer All Year Management has stopped making payments on its corporate bonds that trade on Israel's Tel Aviv Stock Exchange, putting the Brooklyn, N.Y., developer in default of its obligations. The payment suspension follows All Year's failure to close ...
Apartment Investment & Management Co. is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties. The new entity will start life with 98 properties ...
CIM Group is merging four non-traded REITs it manages in a move that will result in a company with nearly $5.5 billion of assets - net-leased properties and commercial real estate debt. The scale of the resulting company would put ...
Benchmark Real Estate Group, a New York investment manager, is looking to raise up to $200 million for what's commonly referred to as a blank-check company, or special-purpose acquisition company, which is designed to buy an existing operating company. An ...
Commercial Real Estate Direct Staff Report Presidio Property Trust Inc., a San Diego non-traded REIT that owns 15 office, industrial and retail properties with about 1.1 million square feet, is taking the first step to list its shares on a ...
The Real Deal Leser Group is seeking to raise $74 million through a bond issuance on the Tel Aviv Stock Exchange. The bonds will be secured by three of the New York developer's properties: the 66-unit apartment project at 1555-1575 ...
Four Corners Property Trust Inc., whose portfolio is concentrated with restaurant properties that are net leased to their tenants, had received 87 percent of the rent owed this month through last Friday. The bulk of its space is leased to ...
Commercial Real Estate Direct Staff Report Hampshire Cos. and United Overseas Bank Global Capital, which sponsor a pair of funds that invested in retail properties in the United States, have taken the investment vehicles' 17 properties public through a stock ...
Commercial Real Estate Direct Staff Report Barry Sternlicht, co-founder and chairman of Starwood Capital Group, said mark-to-market rules, which have a cascading affect on asset values, ought to be suspended. In an interview on CNBC's Squawk Box program yesterday, he ...
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