Real Estate News
Commercial Real EstateToll Brothers Offers Some Home ProtectionHeard on the Street: This year hasn't been nearly as good to Toll Brothers' stock as it has been for most other home builders. Investors are missing out. China's Wanda to Expand OverseasChinese property conglomerate Dalian Wanda Group plans to expand its luxury real-estate and hotel business overseas, as it builds the world's first Chinese luxury hotel outside of China's mainland. In San Diego, Politics and Real Estate MixA San Diego-appointed panel last year picked Cassidy Turley to renegotiate city office leases, but the new mayor in April gave the job to a well-connected local broker, rankling some. The city this week signed a new lease for a lower rate. Lease REITs Take a Big TurnShares of real-estate investment trusts have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience stores. Off the LamThe saga of a prominent octogenarian Seattle real-estate developer, and more in this week's Plots & Ploys. Hersing Aims to Sell Some ERA Real Estate RightsSingapore's Hersing Corp. is selling Asian-Pacific franchising rights for the ERA Real Estate network of property brokerages for as much as US$160 million. As Cushman CEO Exits, Industry Wonders 'Why?'The biggest question in New York's commercial real-estate industry last week was what was behind Cushman & Wakefield's announcement that Glenn Rufrano was stepping down as CEO. Silverstein Nears First China ProjectLarry Silverstein,best known for his role in rebuilding New York's World Trade Center, is close to moving forward with his first major project in China. Carlyle Plans a New FundCarlyle Group plans this year to begin raising as much as $4 billion for a U.S. real-estate fund, one of the largest new property funds any firm has raised since the financial crisis. Russian Rental Jump-StartRussia has become a nation of homeowners. But one key sector of the housing market has been neglected: rentals. Skyscraper Prices Head NorthThe office market is seeing a flurry of high-priced skyscraper sales, as cheap debt and the hunt for yield lead investors to pile money into tall towers, particularly in New York. Strip-Club REIT to Test MarketIs the stodgy real-estate investment trust business ready for a strip-club REIT? IRS Review Snags REIT HopefulsShares of data-center operator Equinix, document storage firm Iron Mountain and outdoor-advertising provider Lamar Advertising fell after disclosures the IRS is reviewing its policy on real-estate investment trusts. Warsaw Makes Progress on Parade Square DevelopmentFor years, Warsaw civic and city leaders have dreamed of developing one of Europe's largest office, retail and cultural projects on Parade Square. Now, the Polish city is taking some major steps toward starting development. Luxury Retailers Shop for Space in WarsawHigh-end retailers are seeking to test Warsaw's appetite for luxury products, but many are finding it difficult to locate adequate space to set up shop. Foreign Property Investors Return to PolandForeign property investors are returning to Poland, a country whose highflying real-estate market became a symbol of overexuberance during the boom years. Trump Sells Himself Outside the U.S.Donald Trump hasn't licensed his name for a U.S. real-estate project since the financial downturn. But he has done so for more than a dozen developments outside the U.S. |
