- Blackstone Bides Time for Home-Rental REIT as Stocks Sag “Sometimes it pays to wait. Wall Street landlords bought thousands of homes and sold stock to the public before they’d even filled many of the properties with renters. Now those companies are struggling to persuade investors they can operate efficient businesses.” (Bloomberg)
- Private Equity Investors Broaden Geographic, Property Focus in Asia “Based on CBRE's newly released Four Quadrants Asia Pacific H1 2015, highlighting the "four quadrants" of institutional real estate capital --private equity, public equity, private debt and public debt--reported an uptick in real estate capital market transactions in the second quarter of 2015 across Asia.” (World Property Journal)
- Is The JBG Cos. Preparing to Unload a Major Piece of Its Portfolio? “Is The JBG Cos. weighing the prospect selling off a major piece of its portfolio or rolling some of its assets into a publicly traded real estate investment trust?” (Washington Business Journal)
- Bill Lenehan Named CEO of Darden’s Real Estate Trust “Darden Restaurants, Inc., on Monday named real estate veteran Bill Lenehan as the first CEO of the casual dining operator’s new real estate investment trust (REIT), Four Corners Property Trust, Inc.” (Nation’s Restaurant News)
- Developer of Huge Red Hook Office Complex Seeks a Partner with at Least $100M “The Italian company that has plans to develop a sprawling office complex along the Red Hook, Brooklyn, waterfront is seeking a partner willing to invest $100 million or more in the project.” (Crain’s New York Business)
- Rebuilt Confidence in New Orleans Flood Controls Fuels Rebuilding “When Angele Givens looks around her neighborhood in the Gentilly section of New Orleans, she is struck by the contrast with 10 years ago, when Hurricane Katrina triggered floods that filled her home and tens of thousands of others with water. Today, more than 80 percent of the structures in her Vista Park neighborhood have been renovated or rebuilt, and work is underway on others. But the area may never have staged its comeback without a rebuilding of confidence in local flood protection, said Givens, president of her neighborhood's improvement association.” (Reuters)
- REITs On The Rebound “The Fed is going to raise rates next month…and kill the REIT sector. At least that’s the received wisdom. The problem is, it isn’t true. Or at the very least, it isn’t supported by history.” (Forbes)
- Walgreens' U.S. Streamlining Begins with 270 Local Corporate Layoffs “Walgreens Boots Alliance is laying off 370 employees, including 270 at its Deerfield headquarters and other suburban offices in Northbrook, Bannockburn and Lincolnshire.” (Crain’s Chicago Business)
- Gap Isn't Cool Anymore — Here's Its Master Plan to Change That “Gap was once so cool that Sharon Stone wore one of its turtlenecks to the Oscars. But as consumers turned to cheaper fast-fashion alternatives, Gap failed to catch up. In the age of Instagram and instant fashion, the retailer's designs feel dated.” (Business Insider)
- SL Green Closes on $2.6B Megadeal for Sapir’s 11 Madison “SL Green Realty just closed on its $2.6 billion purchase of 11 Madison Avenue from the Sapir Organization and minority partner CIM Group. The deal, the largest single-building transaction in New York City history, is a huge coup for Sapir, which bought the property in 2003 for $675 million and managed to bring in marquee technology and media tenants.” (The Real Deal)
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