Prologis Becomes World’s Biggest Industrial Property Company–Now What?
Prologis HQ in Denver, Colo. The consolidation of giant industrial REITs AMB Property and ProLogis into what is now just Prologis (note the small “l” in the new name) was the biggest merger in REIT...
View ArticleGlobal Reach, Local Risk for Prologis
Prologis property in Poznań, Poland Prologis Co-CEOs Hamid Moghadam (formerly of AMB Property) and Walter Rakovich understandably believe that the combination of their two long-time rival industrial...
View ArticleWill REITs Hold Value?
Like just about everything else, REITs and other commercial real estate stocks sold off during the August downdraft, continuing a downward drift that started earlier this summer. Most of these...
View ArticleSub-Prime’s Legacy, Four Years On
My Real Capital Analytics colleague Steve Williams, a transplanted Liverpudlian and a past president of the global Royal Institute of Chartered Surveyors, sent me a note today “celebrating” the fourth...
View ArticleLike Gold, REIT Nuggets Are In The Dirt
Is it the end of the line for REITs – or another beginning? An article in yesterday’s WSJ proclaimed “Commercial Real Estate Losing Haven Appeal,” noting that REIT shares have turned volatile and been...
View ArticleIt’s Only a Market
Panic grips the markets, spreading outward from one global capital and then back inward in a spiraling oscillation of fear and greed and fear again that roams from New York to London to Germany to...
View ArticleIconic Capitol Records Tower Feels EMI’s Pain
The battle for control of music giant EMI has pushed the owners of the iconic Capital Records tower in Holloywood to run for cover. The owners, a joint venture of Millennium Partners and Argent...
View ArticleThe Empire Goes Public
Image by Getty Images North America via @daylife Why own a share of the Empire State Building? Because it’s an American icon or perhaps because Donald Trump doesn’t now and never did own it, despite...
View ArticleCarey Goes REIT
Image via Wikipedia In a complex move that will position it ahead of numerous rivals, WP Carey LLC (NYSE:WPC) is announcing that it will transition from its current corporate framework to a REIT...
View ArticleTishman Speyer’s Rob Speyer Still Going Global
Houston (Photo credit: cj&erson) Real estate investment manager Tishman Speyer was among the first to push into non-U.S. office markets, developing major properties in countries such as Germany,...
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