Several major pension funds have announced cutbacks in their investment in the stocks of publicly traded real estate investment trusts, even though REIT stocks outperformed many market indices in 2010.
When the California Public Employees’ Retirement System — America’s largest public pension fund — announced in February that it would radically change the way it invests in real estate, the news sent shock waves through the institutional investing community.
In a move that is expected to further strengthen one of the industry’s leading brokerage services platforms in New York, Cushman & Wakefield today announced the appointment of Bruce Mosler, former President and CEO, as Chairman of Global Brokerage.
My good friends over at Crain’s Chicago Business have broken some big news when it comes to office building sales. The Hyatt Center, a 49-story tower in downtown Chicago owned by the Pritzker family, has sold to Irvine Cos. for $625 million.
How do you know when a recovery in the hotel market is near at hand? When Starwood Hotels & Resorts, one of the largest owners in the country, says it hopes to get $138 million for a downtown Chicago W Hotel.
As the specter of Black Friday and now Cyber Monday kick off the formal 2011 holiday shopping season, a new report suggests that retail real estate has a fairly bright future in the months and years ahead.