Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to invest $24 billion in Middle Eastern and North African countries, including in the real estate sector, according to Bloomberg. Reuters reported in August that Saudi Arabia has registered … Continue reading →
According to the National Association of Real Estate Investment Trusts (Nareit), REITs of all types collectively own more than $4.5 trillion in gross assets across the U.S. and U.S.-listed REITs have an equity market capitalization (stock market value) of more … Continue reading →
In the industrial sector, REITs and institutional investors are replacing smaller, private owners. According to Business Insider (citing data from CBRE), over each of the past 12 years, institutional investors have purchased more warehouse space than they’ve sold, while private … Continue reading →
Swedish property companies must roll over $40.8 billion of maturing bond debt over the next five years, a quarter of which falls due in 2023, according to Bloomberg. Floating-rate bonds and near-term maturities render the Swedish real estate market more … Continue reading →
The current Bank of England base interest rate—the rate that largely determines mortgage interest rates—is 2.25 percent. This week, the average interest rates for two and five-year fixed rate mortgages topped six percent for the first time in over a … Continue reading →
The DFW Metroplex ranked as the number one U.S. market in CRE sales during H1–2022, according to The Real Deal (citing data from MSCI). DFW metroplex sales totaled $22.9 billion during H1–2022 followed by Los Angeles ($15.5 billion). Nationwide, a … Continue reading →
The amount of cash held by U.S. companies has increased from $1.6 trillion in 2000 to about $5.8 trillion in 2022, according to the Kellogg School of Management. Thirteen non-financial companies in the S&P 500, including Apple, Alphabet and Microsoft, … Continue reading →
Shanghai-based real estate developer Shimao Group Holdings Ltd. has missed the interest and principal payment of a $1.02 billion offshore bond due on Sunday, according to Reuters. This was the first missed public offshore payment for Shimao, which has an … Continue reading →
Wisconsin-based Kohl’s is a department store retail chain with roughly 1,150 stores. According to CoStar, as of January, the Kohl’s Corporation owned 410 locations, leased 517 locations and operated 238 stores at ground leased sites. Kohl’s is considering monetizing its … Continue reading →
The 2.5-acre vacant lot at 1201 Brickell Bay Drive (in Miami’s Brickell neighborhood) sold on April 20, 2022 for $363 million ($145,200,000/acre), according to Miami-Dade Office of the Property Appraiser. TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida … Continue reading →