Real Estate Investment Trusts
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Dow index spikes to all-time record
Mar 05, 2013 10:31 EST
The Dow Jones Industrial Average surged to a new all-time high as trade opened Tuesday, surpassing the record set more than five years ago.
Lehman liquidators sell property unit for $6.5 bn
Nov 26, 2012 18:40 EST
The liquidator of Lehman Brothers, the investment bank that collapsed spectacularly in the financial crisis, said Monday it had sold off a property unit for $6.5 billion.
Bank tower sale sets record in Canada's hot office market
May 25, 2012 12:22 EDT
Scotiabank announced Friday the sale of its marquee office tower in Toronto to a pair of real estate investment trusts for $1.266 billion -- the most paid for an office building in Canada.
BNP Paribas to sell Klepierre stake
Mar 08, 2012 03:51 EST
French bank BNP Paribas said on Thursday it would sell a 28.7-percent stake in the listed real-estate investment firm Klepierre to Simon Property Group for 1.524 billion euros ($2.0 billion).
Sears plans rights offering; shares jump 10 percent
Feb 23, 2012 08:13 EST
(Reuters) - Sears Holdings Corp <SHLD.O> announced steps to reassure investors about its ability to pay down debt, sending its shares up 10 percent in premarket trade.
Legendary Empire State Building going public
Feb 13, 2012 10:51 EST
Investors will soon be able to own a piece of one of New York's greatest views, as the owners of the Empire State Building filed Monday to list it on the New York Stock Exchange.
Empire State Building owner files for $1 bln IPO
Feb 13, 2012 07:17 EST
(Reuters) - Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.
Blackstone's new real estate fund passes $6 billion
Jan 24, 2012 20:19 EST
NEW YORK (Reuters) - Blackstone Group LP <BX.N> has raised more than $6 billion for a real estate opportunity fund, which eventually could match its current $11 billion fund, a source familiar with the matter said on Tuesday.
Lehman preparing bid for Archstone stake: report
Dec 10, 2011 13:27 EST
CHICAGO (Reuters) - The bankruptcy estate of Lehman Brothers Holdings Inc <LEHMQ.PK> is preparing to make a $1.33 billion bid for part of apartment owner Archstone that it does not already hold, according to a report in the Wall Street Journal.
Toys R Us third-quarter loss flat
Dec 09, 2011 15:20 EST
(Reuters) - Toys R Us Inc <TOY.UL>, which is looking to go public next year, reported a quarterly loss equal to a year earlier, as interest expense declined even as sales at established stores fell.
Want to own part of the Empire State Building?
Nov 29, 2011 16:23 EST
Investors worldwide could soon be able to own a piece of New York City's most famous landmark, the legendary Empire State Building.
Tower plan for N.Y. bus terminal snags again: report
Nov 15, 2011 11:59 EST
NEW YORK (Reuters) - Plans to build a soaring office tower atop a midtown Manhattan's bus terminal snagged again after a Chinese investor in the Vornado Realty Trust project dropped out, Tuesday's New York Times said.
States order return of $14.1 billion to investors: NASAA
Oct 19, 2011 14:23 EDT
(Reuters) - State securities regulators ordered wrongdoers to return a total $14.1 billion to investors in 2010, a 200 percent spike from $4.7 billion in 2009, according to a recent survey.
Anti-Wall Street protesters march against New York police
Oct 18, 2011 19:49 EDT
NEW YORK (Reuters) - Anti-Wall Street demonstrators marched against New York police on Tuesday, accusing some officers of excessive force when carrying out arrests during a month-long protest campaign against economic inequality.
NY's Clock Tower Building to sell for $165 million
Oct 14, 2011 18:29 EDT
(Reuters) - Africa Israel USA, which went on a buying spree during the height of the U.S. commercial real estate boom, said it had agreed to sell the Clock Tower Building in Manhattan for $165 million, after paying $200 million in 2007.
Innkeepers, Cerberus reach tentative sale pact
Oct 13, 2011 13:57 EDT
NEW YORK (Reuters) - Cerberus Capital Management <CBS.UL> and Chatham Lodging Trust <CLDT.N> have reached a tentative agreement to buy bankrupt Innkeepers USA Trust <INKPQ.PK> at a lower price than in an earlier deal that fell apart, a source close to the talks said.
Exclusive: Y&R may be big tenant at 3 Columbus Circle
Oct 12, 2011 15:30 EDT
(Reuters) - Advertising company Young & Rubicam has reached a preliminary agreement to lease 300,000 square feet to become the major tenant at New York's 3 Columbus Circle in one of the city's biggest leasing deals this year, according to a source familiar with the situation.
Stockhouse @ the Bell: U.S. stocks down on Euro rescue vote
Oct 11, 2011 17:53 EDT
Canadian stocks surged Tuesday on signs that Europe is set to tackle bank problems. But U.S. stocks fell after Slovakia rejected a plan to expand the euro zone bailout fund. . Today on Stockhouse
Innkeepers, Cerberus in settlement talks
Oct 10, 2011 15:31 EDT
NEW YORK (Reuters) - Innkeepers USA Trust <INKPQ.PK> said it is in settlement talks to avoid a trial over the collapse of a planned $1.12 billion deal with Cerberus Capital Management LP and Chatham Lodging Trust.
How to play it: Real estate's bright spots hard to locate
Sep 29, 2011 08:07 EDT
THE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mortgages have boosted affordability measures. Is it time for investors to start looking for real estate?
