The Blackstone Group’s much heralded $21 billion buyout of Equity Office Properties Trust (NYSE: EOP) is officially in jeopardy after a group led by Vornado Realty Trust (VNO) offered a sweetened $52 per share bid for...
Finding a reliable general contractor just got easier thanks to a new Web-based service. In early January, The Forino Report was launched to help uncover the professional records of these commercial development groups...
A mysterious gas-like odor may have circulated through Manhattan yesterday, but two new reports offer solid evidence that the city’s office and hotel markets are hardly running on fumes. The back-to-back reports, both...
The REIT market has done it again. Yesterday morning, the National Association of Real Estate Investment Trusts (NAREIT) announced that its index delivered a total return of 34.5% for 2006, outperforming all other...
An Italian holding company has acquired a 67.5% stake in real estate services firm Cushman & Wakefield. IFIL Group, the investment arm of the Agnelli family, paid Rockefeller Group International $563 million for...
It's a brutally competitive climate for multifamily investors hunting for assets these days. Just about anything with walls and tenants has unsolicited bids on it. In the first 11 months of 2006, apartment sales...
Value-added apartment deals continue to attract hordes of investor capital. Last Thursday, for example, a massive $1.4 billion fund that exclusively targets value-added multifamily deals was officially closed. Chicago...
Later this month, Oregon-based company Map Advantage will release an online tool that enables investors to quickly pinpoint the economic and demographic profiles of myriad submarkets...
For years, a favorite attraction for out-of-towners was a bar/restaurant called Top of the Sixes, a pricey perch that made up for mediocre food with spectacular views from atop midtown Manhattan’s 666 Fifth Avenue...
