Investing

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.