NEW YORK-- Real estate investment trust Newcastle Investment Corp. said Thursday it completed the spinoff of its New Residential Investment Corp.. Holders of Newcastle Investment common stock as of May 6 were issued one share of New Residential common stock for each share of Newcastle stock they held.» Read More
This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
NEW YORK, Dec 17- MacKenzie Capital Management LLC is offering to buy up to 170 ownership units in Empire State Building Associates LLC, which owns the iconic New York skyscraper, for $110,000 a unit, and said it would support a plan to fold the building into a proposed real estate investment trust, according to regulatory documents filed on Monday.
*Loblaw to sell most of its real estate assets into REIT. *Move will allow Loblaw to reinvest in its core business. TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold most of its property assets, sending its stock and that of its parent, George Weston Ltd, surging higher.
TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold a significant part of its real estate assets, in an effort to create value for shareholders.
Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to acquire a significant portion of Loblaw's real estate assets, a move that potentially unlocks additional value for shareholders.
*Move comes as U.S. retailers look to expand in Canada. TORONTO, Dec 5- A consortium led by Canada's KingSett Capital will offer about C $2.6 billion to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
The flippers are back, but they are a new breed, reports CNBC's Diana Olick.
Singapore’s property stocks have surged on average 48 percent so far this year, far outstripping the 15.5 percent gain on the broader Straits Times Index, and analysts say there is still more upside for the sector.
Cramer sits down with the company’s CEO to find out.
Investors can probably expect solid gains for their 2012 stock portfolios. But the fortunes of individual sectors will also rise and fall in the years ahead, depending on which political party wins the White House in November.
American consumers have been flocking to the outlet stores in search of value, Tanger Factory Outlet Centers CEO Steven Tanger told CNBC on Thursday.
This company has “domestic security,” a high yield and a consistent business model, he said.
Commercial real estate delinquency rates remain above their norms since a decline in 2010 and 2011 and Barry Sternlicht, Starwood Capital Group chairman/CEO discusses his company's business strategy to buy and replenish distressed properties for profit.
The bond market is at a turning point, say portfolio managers, as interest rates start rising and inflation shows signs of reviving.
One way to get into commercial real estate is via real estate investment trusts, Green Street Advisors’ Mike Kirby said Tuesday.
The “Mad Money” host recommends this REIT ETF over individual stocks.
The “Mad Money” host thinks this company works regardless of what’s happening in Europe and has added it to his list of “stocking stuffers.”
CNBC's Herb Greenberg speaks to William Marks, Managing Director at JMP Securities and reports on how the REIT's are doing.
Rising life expectancies coupled with escalating health-care costs will force the baby boom generation to rethink the conventional retirement wisdom of cashing in stocks for bonds.
Cramer goes “Off the Charts” to find out.