Real Estate

Starwood Capital CEO Sternlicht Said to Be Preparing Share Sale

2014-02-18 10:36:27

Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, has spoken to banks as he prepares to sell shares in the property-investment firm to investors, said a person familiar with the matter.

Boston Properties FFO Rises 4.4% as Revenue From Rents Climbs

2012-05-02 08:57:56

Boston Properties Inc. (BXP), the biggest U.S. office real estate investment trust, reported a 4.4 percent increase in first-quarter funds from operations as revenue from rents increased.

Ranieri Says U.S. Should End Deduction on Second Homes

2012-05-02 08:56:21

The mortgage-interest deduction for vacation homes and other non-primary residences should be eliminated as part of a U.S. housing-finance overhaul, said Lewis Ranieri, a pioneer of loan securitization.

Marriott Seeks Dubai Convention Boost With Tallest Hotel

2012-05-02 08:55:20

JW Marriott Marquis, the world’s tallest hotel set to open in Dubai this year, will rely on a growing convention and exhibition industry to fill twin towers that rival the Empire State Building’s height, according to its manager.

China Commercial Property Deals Fueled by Cash-Poor Developers

2012-05-02 08:54:30

Shanghai and Beijing, the two cities with Asia’s fastest-growing office rents, are set to lead a surge in commercial property transactions in China as more developers sell assets to raise cash for housing projects.

Homebuilder Shares Climb After Orders for New Houses Rise

2012-04-27 09:17:22

U.S. homebuilders rallied to the highest in almost two years after four companies reported an increase in orders and contracts to buy existing homes climbed more than forecast, signs that the housing market may be reaching bottom.

Santander CEO Derides Surge in Spain Defaults: Mortgages

2012-04-27 09:15:15

JPMorgan Chase & Co. (JPM), the world’s largest bond underwriter, predicts that Spanish mortgage arrears will surge as unemployment rises. That’s also the view from the international debt market, which has driven up yields on Spain’s bonds in a bet the country will have to bail out banks.

Kenedix Residential Declines in Trading Debut: Tokyo Mover

2012-04-26 14:24:34

Kenedix Residential Investment Corp. (3278), the first Japanese real estate investment trust to sell shares in more than four years, fell on the first day of trading in Tokyo on concerns that its property holdings are too small.

Tripled Rents Mute Olympic Windfall for London’s Small Landlords

2012-04-26 14:23:12

Visitors to London’s Olympic Games can stay in a three-bedroom duplex with a steam room near the city’s exclusive Russell Square for 9,995 pounds ($16,000) a week. It’s one of more than 30 offerings by property broker Hurford Salvi Carr Ltd. that haven’t attracted any takers.

SEB Property Fund to Open for One Day After Two-Year Closure

2012-04-26 14:21:37

SEB Asset Management, a unit of Skandinaviska Enskilda Banken AB, will open its 6.4 billion-euro ($8.4 billion) ImmoInvest fund for investor redemptions for a single day on May 7.

China Helps First-Home Buyers as Market Cools: Mortgages

2012-04-26 14:19:54

Kevin Xi had no trouble getting a mortgage to buy a 1.53 million yuan ($242,563) one-bedroom apartment in Beijing last month, even as China’s government tries to cool the housing market. He even got a 10 percent reduction on interest.

Northwestern Mutual Sells Seattle Tower for $480 Million

2012-04-23 08:35:25

Northwestern Mutual Life Insurance Co. sold the Seattle headquarters of its Russell Investment Group unit for $480 million, the largest deal for a single office building in the western U.S. since 2006.

Mortgage-Tax Break Curbed by Housing Slump

2012-04-23 08:21:39

The cost of one of the country’s most expensive individual tax breaks is shrinking as the number of Americans who own homes declines and mortgage rates hover near historic lows.

Spain Won’t Create ‘Bad Bank’ for Real Estate: De Guindos

2012-04-23 08:14:01

Spanish Economy Minister Luis de Guindos rejected the creation of a state-sponsored “bad bank” to unload real-estate assets from the nation’s cash-strapped lenders.

Home Capital Wins Mortgages as Canada Banks Retreat

2012-04-23 08:13:05

Home Capital Group Inc. (HCG) said it’s capturing mortgage business from Canadian lenders including Toronto-Dominion Bank and Canadian Imperial Bank of Commerce that are retreating from the C$200 billion ($201 billion) nonprime market amid signs of a housing downturn.

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