Office REITs
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NEW YORK, May 24- General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.
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NEW YORK, May 24- General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.
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May 6- Vornado Realty Trust said a key metric of real estate investment trust performance fell in the first quarter, hurt by its investment in J C Penney Co Inc.
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NEW YORK, April 29- A New York judge signaled on Monday he would probably allow the group that controls the Empire State Building to include the fabled New York landmark in a public stock offering, despite objections of dissident investors.
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CNBC's Bertha Coombs reports the court decision could allow the REIT plan to proceed on the famous New York City landmark.
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Keith Meister, Corvex Management, weighs in on the Commonwealth takeover bid.
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This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
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*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.