- Here's the Best Performing Asset Class During Obama's Time in Office "Not that presidents ought to get as much credit or blame as they do, given how many other factors affect financial asset performance (especially starting point!), but still – this is how a host of asset classes have fared under President Obama in his first six years…” (Business Insider)
- McDonald’s Gains After Glenview’s Robbins Renews REIT Pressure “McDonald’s Corp. shares rose after hedge-fund manager Larry Robbins said the fast-food chain could unlock at least $20 billion in value by converting to a real estate investment trust.” (Bloomberg)
- Fresh & Easy Discloses Plans to Rationalize Store Base “Amid reports Fresh & Easy plans to close as many as 50 stores of its 200 stores, the company said Sunday it plans to rationalize its store base and divest locations ‘that do not meet the criteria of Fresh & Easy’s model of modern convenience.’” (Supermarket News)
- New York’s Latest Medical Facilities May Simplify Seeing the Doctor “Going to the doctor might be getting easier in New York, thanks to new real-estate development.” (Wall Street Journal)
- Fed’s Fischer Says Rate Rise Probably Warranted by End-2015 “Federal Reserve Vice Chairman Stanley Fischer said raising interest rates from near zero ‘likely will be warranted before the end of the year’ and subsequent increases probably won’t be uniform or predictable.” (Bloomberg)
- Heller Realty Pays $207M for 11-Building Brooklyn Portfolio “Heller Realty, led by Ben Heller and Arnold Simon, has taken a big bite out of the Brooklyn multifamily market with the $206.5 million purchase of an 11-building portfolio from Douglas Eisenberg’s A&E Real Estate, The Real Deal has learned.” (The Real Deal)
- New York Opens Bidding Process for Southern Tier Casino “The bidding process is formally underway for those interested in building a Las Vegas-style casino in New York's Southern Tier.” (The Associated Press)
- Kushner Brothers Combine Real Estate and Technology “Jared and Joshua Kushner have charted separate careers for years, one as a real estate developer, the other as a technology venture capitalist. But the brothers have teamed up for a new company that combines their two expertises.” (New York Times)
- Slow Housing Construction Activity and Exports Pull Down Timber REITs “News of plunging February housing starts in the United States prompts a look at timber real estate investment trusts. Timber REIT performance is closely tied to timber production and prices, as well as to construction and exports.” (Urban Land)
- GIC, Exeter in S$448m Deal to Invest in European Logistics “Sovereign wealth fund GIC has joined hands with United States industrial real estate investment management specialist Exeter Property Group in a €300 million ($448 million) partnership to invest in logistics properties in key European distribution hubs.” (Today)
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