- NorthStar Realty to Create European Real Estate Investment Trust "NorthStar Realty Finance Corp. plans to spin off its European property operation, which controls about $2 billion of assets, into a separate publicly traded real estate investment trust." (Bloomberg)
- HFF Fashions Nine-Digit Financing Deal for Five-State Hotel Portfolio "HFF recently orchestrated a $110 million financing package for a 2,566-room, five-state hotel portfolio on behalf of the ownership, a joint venture consisting of Varde Partners Inc., Interstate Hotels & Resorts and Waramaug Hospitality Management." (Commercial Property Executive)
- Forest City Enterprises Hopes to Unload More Real Estate on Road to REIT Conversion “Forest City Enterprises, Inc. still aims to sell or shed a partial stake in a handful of properties—including most of its Cleveland buildings—as the company readies to become a real estate investment trust.” (Cleveland.com)
- Sears Loss Narrows as Lampert's Asset Sales Shrink Retailer "Sears Holdings Corp., the retailer controlled by hedge fund manager Edward Lampert, posted a narrower fourth-quarter loss and said that its plan to sell and lease back some stores may raise more than $2 billion." (Bloomberg)
- Blackstone Paying $180M for Streets of Woodfield "The world's largest real estate private-equity firm is scooping up one of the biggest shopping centers in the northwest suburbs [of Chicago]." (Crain's Chicago Business)
- Boosting Returns with Commercial Real Estate “During the financial crisis, BigSur Wealth Management’s clients grew weary of trying to grow their wealth in a highly volatile and poorly performing market.” (Wall Street Journal)
- Stephen Winter: Related’s Secret Weapon For Leasing Hudson Yards “Stephen Winter is unabashedly, unequivocally, obsessed with real estate. As a vice president of commercial leasing at Related Companies, Mr. Winter has spent countless hours helping to fill all of the office space at Hudson Yards, the 17-million-square-foot, 28-acre mixed-used development emerging on the West Side of Manhattan. ” (Commercial Observer)
- Google Plans New Headquarters, and a City Fears Being Overrun “Apple is moving into Silicon Valley headquarters that look like a spaceship. Facebook is expanding its campus with a new building designed by Frank Gehry. Now it’s Google’s turn.” (New York Times)
- Macy's Needs to Be 'Extremely Careful' About This “Cheap is chic, and that isn't changing anytime soon. So after major department stores from Saks to Nordstrom—even the ultra high-end Neiman Marcus—have built out their square footage in the off-price sector, it makes sense that Macy's would eventually consider the idea.” (CNBC)
- Blackstone Considers a Lower-Return, Longer-Term Approach to Private Equity "Private equity firms have always offered a high-octane investing experience, attempting to multiply investors' capital over a period as long as a decade. But some of the largest firms are now considering taking a more sedate approach with some of their biggest clients in the latest sign that the industry is moving away from its former free-wheeling spirit." (New York Times)
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