Investing
Mortgage Lending Capacity Lag Slows Housing Recovery
Update: Empire State Building IPO Deadline Delayed
Update: Cole Credit Trust Refuses American Realty’s $5.7 Billion Acquisition Offer
For the first time in 4 years, homeowners are withdrawing more cash from their home’s equity than they are depositing, Capital Economics reports. Freddie Mac Mishandling Homeowners Complaints, Audit Reveals
Freddie Mac is not handling homeowners mortgage complaints as good as they should, federal officials announced Thursday. American Realty Offers to Buy Cole Credit Property Trust for $5.7 Billion
American Realty Capital Properties has reportedly offered to buy Cole Credit Property Trust Inc. for around $5.7 billion in an effort to create one of the largest public real estate investment trusts which will focus on leasing space to single tenants (net-lease sector). MIG Real Estate Expanding in Arizona; Acquires Two Hotels
MIG Real Estate, a major California-based real estate firm announced its expansion in the state of Arizona with two new hotel acquisitions in its capital city, Phoenix. MIG’s expansion comes as an effort to invest more in the growing real estate market of the U.S. Farallon Capital Launches New Real Estate Fund Worth $400 Million
Farallon Capital Management LLC, a global investment firm is launching a new real estate fund seeking to raise up to $400 million. the company has set aside a separate fund exclusively for its asset class and hopes to pitch the fund to its existing investors to gain a 20 percent internal rate of return. Cityscape Qatar 2013 Will focus on State's Real Estate Growth
The annual real estate event of Qatar, Cityscape Qatar is slated to be held from May 27 to 29, 2013 at Doha Exhibition Center. The event will primarily focus on the state’s growing real estate opportunities and growth prospective. Cornerstone Real Estate to Expand into UK with Investments Worth $303 Million
Cornerstone Real Estate Advisers LLC declared that it will be expanding its assets in countries of the U.K. buying office buildings and warehouses worth $303 million in the coming two years. Empire State Building Gains Broad Support for IPO; Small Group of Investors Still Opposing
New York’s legendary Empire State Building is reportedly inching closer to its proposed IPO. Malkin Holdings LLC, the company that controls the building, declared that they have garnered three quarters of favorable votes from the building’s shareholders who have voted so far. However a small group of investors have been opposing the plan. TPG Capital to Launch its First Real Estate Fund with $1 Billion Target
TPG Capital, one of the largest global private equity investment firms will be launching its first real estate investment fund with a target of at least $1 billion. The company expects to start raising capital for the fund by the second quarter of 2013. Starwood Hotels to Expand into Middle East and Africa by 2017
Starwood Hotels and Resorts Worldwide Inc. announced on Tuesday, March 12, that it will be opening 50 new hotels by 2017 in the regions of Middle East and Africa (MEA). The step comes as an effort to expand into the developing economies of the world.
