U.S. living specialist Greystar is in talks to buy a portfolio of 900 rental apartments in south London for about £500M.
Greystar is in negotiations with Australian developer Lendlease and the Canada Pension Plan Investment Board to buy the apartments at Elephant Park, although the talks are not yet exclusive, the Financial Times reported.
Greystar would buy the apartments for one of its discretionary investment vehicles, and the FT reported it would look to make higher-than-core returns by investing in amenities and operations at the scheme.
It is a similar strategy to that being undertaken at Barking Wharf, a 595-apartment scheme in east London…
High-end shoppers are driving growth for Dollar Tree, so the Chesapeake, Virginia-based discount chain has started moving into their neighborhoods.
The government’s main housing sector watchdog repealed rules that required federal agencies to actively show they were complying with fair housing laws.
The National Labor Relations Board, having accused the company of unfair retaliation in 2024, now says it has no jurisdiction over Elon Musk’s space company.
A new report paints a grim financial picture of Uncle Nearest, a high-profile brand named for an enslaved distiller. But its founder is fighting the findings.
Citadel’s Ken Griffin decided to take a 60 percent stake in the joint venture that will transform 350 Park Avenue. Vornado Realty Trust’s Michael Franco on Tuesday said that Griffin wanted to accelerate the deal timeline, which originally gave him until June 2030 to either take a 60 percent stake or purchase the site for $1.4 billion, meaning that Vornado and Rudin Management would not take part in the development. Griffin chose the former in December, and thanks to a few other amendments to a 2022 agreement, Vornado and Rudin will be able to acquire an interest between 23 percent […]
This article originally appeared on The Real Deal. Click here to read the full story.
With the crest of a wave of maturities in the rearview mirror, the commercial real estate industry is expected to originate more new loans in 2026.
President Trump’s top aides have argued in recent days that the economy is strong, even if new data on Wednesday show sluggish hiring.
Data centers may no longer be coming to a town near New Yorkers if a pair of state legislators get their way. State Sen. Liz Krueger and Assembly member Anna Kelles introduced a bill that would create a three-year moratorium on data center development in the state, Wired reported. It’s one of a half-dozen states to recently announce a measure to combat the proliferation of the industrial real estate sector. “Democrats and Republicans are moving forward with exactly these kinds of moratoriums,” Krueger said in a press conference. “New York should be in the front of the line to get […]
This article originally appeared on The Real Deal. Click here to read the full story.
“I’m installing them into Kleenex boxes now,” the aide replied in the 2014 email exchange.