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Jared Kushner’s Father Makes Unsolicited Bid for New Jersey-Based REIT

Jared Kushner’s Father Makes Unsolicited Bid for New Jersey-Based REIT

by Phil Hall | Jun 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A company owned by Charles Kushner, the father of former President Donald Trump’s son-in-law and one-time political advisor Jared Kushner, has made an unsolicited offer to buy a real estate investment trust. K Corp Acquisitions LLC, owned by Charles Kushner, reached...
Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

by Phil Hall | Jun 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Buffalo, New York-headquartered M&T Bank (NYSE:MTB) has recruited Tim Gallagher to become head of commercial real estate. Gallagher joins M&T from Slate Asset Management, where he was managing director. Gallagher also held managing director positions at Annaly...
Lance Brown Steps Down as CFO at Harbor Custom Development

Lance Brown Steps Down as CFO at Harbor Custom Development

by Phil Hall | Jun 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Harbor Custom Development,Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ), a Tacoma, Washington-based real estate company involved in all aspects of the land development cycle, announced Lance Brown is stepping down as chief financial officer (CFO), effective July 21. In a...
Prologis Pays $3.1B for Blackstone’s Industrial Real Estate Portfolio

Prologis Pays $3.1B for Blackstone’s Industrial Real Estate Portfolio

by Phil Hall | Jun 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Prologis Inc. (NYSE: PLD) is paying $3.1 billion to acquire nearly 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (NYSE:BX). The price on the all-cash transaction represents an approximately 4% cap rate in the first...
Mexican Real Estate Company Vesta Launches US IPO

Mexican Real Estate Company Vesta Launches US IPO

by Phil Hall | Jun 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The industrial-focused Mexican real estate company Corporación Inmobiliaria Vesta, S.A.B. de C.V., more commonly known as Vesta, has launched its initial public offering (IPO) of 12.5 million American Depositary Shares (ADSs), representing 125 million of its common...
Hits and Misses for the Real Estate Week of June 19-23

Hits and Misses for the Real Estate Week of June 19-23

by Phil Hall | Jun 23, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new flurry of homebuilding, a gloomy summer for homeowners in the U.K. and a bizarre diplomatic feud involving a squatter. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: If I Had a Hammer! This week saw a...
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