Dec 9- A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust pursue a new asset management contract, according to a letter seen by Reuters. Bow Street LLC said in the letter dated on Friday that its $728 million offer is fully financed. NorthStar Europe focuses on...
Dec 9- A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust pursue a new asset management contract, according to a letter seen by Reuters. Bow Street LLC, a recently launched hedge fund backed by the Blackstone Group, said in the letter dated on Friday that its $728...
Singapore's commercial property outlook may have turned grim, according to forecasts from Colliers.
Oct 6- H&R Real Estate Investment Trust said it agreed to sell 50 percent of its non-managing interest in TransCanada Tower in Calgary, Alberta to a unit of Healthcare of Ontario Pension Plan for about C $257.4 million. H&R REIT said it would use proceeds from the sale to HOOPP Realty Inc to reduce debt. The company said on Thursday it expects to complete the sale of...
LONDON, Oct 3- An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. The single biggest deal in the third quarter was the $7.3 billion acquisition of Australia's busiest port,...
Singapore's REITs have steadily advanced this year as predictions of higher interest rates went awry, but will yield-chasers stick with the shares?
Adina Cooper, Chief Investment Officer & Asset Manager at IREIT Global, explains why slower growth in Europe won't impact the performance of its portfolio, which focuses on European real estate.
Singapore's real-estate trusts have recovered to around the highest levels since last year's "taper tantrum," but Nomura says the rally may end soon.
Donald Han, Managing Director at Chesterton, says a recovery in Singapore's office rental market will likely lead to higher dividend yields among office REITs.
Sam Zell, Equity Group Investments chairman, shares his thoughts on the strength of the U.S. economy. We have to focus on growth, says Zell. James Bullard, Federal Reserve Bank of St. Louis president and CEO, weighs in.
Sam Zell, Equity Group Investments chairman, discusses backing an activist campaign to unseat the board and management of CommonWeath, a real estate investment trust that owns more than 300 office buildings.
The New York City landmark is expected to bring $1.07 billion in proceeds from it's IPO, reports CNBC's Kayla Tausche.
Top CEOs from the REIT sector are gathering in Chicago amid a tougher cost environment than they've seen in several years, reports CNBC's Diana Olick.
David Henry, Kimco Realty president & CEO, takes a look at which area in the real estate market are booming and which sections are being left behind.
CNBC's Bertha Coombs reports the court decision could allow the REIT plan to proceed on the famous New York City landmark.
Keith Meister, Corvex Management, weighs in on the Commonwealth takeover bid.
This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
Mexico is doing its best to target investors for its real estate market. Even with drug violence, analysts say opportunities are good for foreign investment.
Discussing how one pension fund is making a big bet on private equity, with Steve LeBlanc, Teacher Retirement System of Texas.
Low interest rates and improving job picture have given real estate investment trusts a boost that will make them an attractive alternative to stocks and bonds.