Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
Dream Residential Real Estate Investment Trust (TSX: DRR.U, DRR.UN) is being acquired by an affiliate of Morgan Properties LP in an all-cash transaction valued at approximately $354 million. Toronto-headquartered Dream Residential REIT owns a portfolio of garden-style...
Boston-based Plymouth Industrial REIT Inc. (NYSE: PLYM) announced that it received an unsolicited, non-binding proposal from the San Francisco-headquartered global investment firm Sixth Street Partners LLC to acquire all of the outstanding shares of the company’s...
Will the Trump administration’s plans to sell shares in Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) result in a spike in mortgage rates, or will it drive rates down? The answer, it seems, depends which expert you ask. The Trump administration is reportedly...
A Florida real estate investor was sentenced to three years in federal prison for making false and fraudulent statements on tax returns. According to court documents, Brian Davison was the co-founder and former CEO of the Tampa-based real estate investment firm...
Toronto-headquartered BSR Real Estate Investment Trust (TSX: HOM.U, HOM.UN) announced that it has purchased The Ownsby Apartments in the Dallas submarket of Celina, Texas submarket for $87.5 million. Completed earlier this year, The Ownsby comprises 368 apartment...
