|Bid||52.77 x 800|
|Ask||52.78 x 800|
|Day's Range||52.45 - 53.09|
|52 Week Range||37.45 - 56.47|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||16.82|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||60.33|
EquityZen CEO Atish Davda sits down with Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Sozzi, and Jared Blikre to discuss what investors should consider for WeWork's IPO.
In what will likely be a good test of a market in which there has been few major office sales of late, 2000 Park Lane is up for sale. Sources familiar with the marketing of the property indicate the Parkway West complex is being shopped around by its owner, Atlanta Property Group, which bought it in a seven-building portfolio deal a little more than two years ago. The Pittsburgh property, totaling nearly 235,000 square feet and located in North Fayette, was the first buy of its kind by the company and is the only one listed outside its southern territory that extends from North Carolina through central Georgia and into Florida.
President and CEO of Cbre Group Inc (30-Year Financial, Insider Trades) Robert E Sulentic (insider trades) sold 40,000 shares of CBRE on 08/15/2019 at an average price of $50 a share. Continue reading...
WMG Development of Effingham IL paid $1 million for 72.52 acres at 12329 Winter Garden Road. NAI Realvest’s Jason Toll represented the seller, Hojosaki LLC of Newton, Massachusetts. The buyer is a nationally recognized retail developer who will use the property for on-site wetlands mitigation to restore, preserve and enhance the acreage while developing the adjacent 12 acres fronting Winter Garden Vineland Road.
The chamber is currently located in downtown's bull's-eye, a lifetime tenant of an office building that opened 20 years ago.
CBRE (NYSE: CBRE) has recruited a pair of brokers from JLL (NYSE: JLL) to launch a national practice focused on the sale and financing of government-leased properties, a move the publicly traded firm hopes will tap into a rising demand from investors looking to trade in the commercial real estate market niche. The new Government Investment Properties practice will be co-led by Marc Rampulla, who's rejoining CBRE after five and a half years at JLL, and Brian Saal, who started at JLL in 2007 after serving in the U.S. Navy as a helicopter pilot and export license officer. Together, the pair have worked on a number of deals including the $242 million sale of the Social Security Administration's Baltimore complex.
(Bloomberg) -- Private equity firm Henderson Park Capital Partners U.K. agreed to buy Ireland’s Green REIT Plc in a 1.34 billion euro ($1.5 billion) in a bet that investors were undervaluing the firm.An affiliate of Henderson Park will pay 1.9135 euros per share in cash for Green, the U.K. firm said in a statement on Wednesday. The price is a 24.7% premium to the real estate firm’s share price before it began a process to sell itself in April.Buying Green “offers a rare opportunity to invest in a large institutional quality office portfolio and a strategic logistics park through a single transaction,” Henderson Park Chief Executive Officer Nick Weber said. “We believe in the short-term and long-term prospects of the Irish market with its strong macroeconomic backdrop and underlying real estate fundamentals.”The deal will immediately make Henderson Park one of the biggest office landlords in Dublin, amid what has been a booming economy buoyed by an influx of tech firms led by Google Inc. and Facebook Inc. Green shares had been trading at 1.53 euros before it kicked off a sale process, well below its net asset value per share of 1.83 euros at the end of December. That increased to 1.87 euros at the end of June.Green REIT shares traded up 4.4% at 1.90 euros in Dublin at 10:30 a.m.Demand StallsThe deal, which is subject to regulatory approval, comes as the Irish commercial real estate market shows signs of slowing after years of growth. Prime office rents in Dublin more than doubled since Stephen Vernon and Pat Gunne set up Green in 2013 but are unchanged in the past year. Other investors including Starwood Property Trust Inc. are offloading assets while yields, a measure of profitability, hold near record lows.Vernon earned a reputation for prescience when he sold much of his previous property holdings before the 2008 crash. As early as 2015, he said the “golden period’’ of returns was probably over. The Irish economy meanwhile is seen as particularly vulnerable to a so-called no-deal Brexit.Still, demand for office space in Dublin is at an all time high, according to CBRE Group Inc. The deal is “a welcome vote of confidence in Irish commercial real estate,” Colm Lauder, an analyst at Goodbody Stockbrokers in Dublin, said in a research note.JP Morgan Cazenove Ltd. is lead financial adviser and corporate broker to Green REIT, while Dublin-based securities firm Davy is joint financial adviser and corporate broker. Eastdil Secured LLC and Wells Fargo Securities LLC are financial advisers to Henderson Park.(Updates with relative value of shares and underlying assets in fourth paragraph.)\--With assistance from Jack Sidders.To contact the reporter on this story: Peter Flanagan in Dublin at email@example.comTo contact the editors responsible for this story: Ambereen Choudhury at firstname.lastname@example.org, Shelley Robinson, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CINCINNATI, Aug. 14, 2019 /PRNewswire/ -- Hillwood, a Perot company, and partner, Cincinnati-based developer and design-builder Al. Neyer, is in the final planning stages on Aero Commerce Center, a bulk distribution center located on 55 acres at the corner of KY-18 and Aero Parkway in Florence, Kentucky directly south of Cincinnati/Northern Kentucky International Airport (CVG). The building will feature more than one million square feet of 36 foot clear, Class A industrial space upon completion. Together with our joint venture partner, Al. Neyer, we look forward to meeting the demand in the Northern Kentucky industrial submarket," said Todd Blanton, Hillwood's marketing director for the region. Mike Lowe, senior vice president with CBRE, will represent Hillwood in leasing efforts. "This is the premier industrial opportunity in the region for companies needing access to the rest of the Midwest," said Mr. Lowe.
Tupperware Brands Corp. — the sixth-largest publicly traded company based in Central Florida — has expanded its plans for a mixed-use development in Osceola County. The Orlando-based container company (NYSE: TUP) will pursue a 37-acre joint venture with New York-based O'Connor Capital Partners adjacent the Tupperware SunRail Station and east of Orange Avenue.
PrimeRevenue will relocate from 1100 Peachtree. The supply chain finance company is growing rapidly.
The report noted that the Southwest region leads the nation in apartment buying activity, with Texas being the “clear standout.”
Bob McGuire, Rob Walles, Sam Crossan and Alison Powers have moved from real-estate brokerage CBRE to Jones Lang LaSalle, covering the MetroWest suburbs of Greater Boston. The team has a combined 60 years of experience in commercial real estate. McGuire and Walles will be managing directors at JLL (NYSE: JLL), while Crossan and Powers will be senior vice presidents. “We could not be more excited to have this exceptional team joining us,” said Matt Daniels, JLL’s managing director and suburban brokerage lead, in a statement.
Jones Lang LaSalle (JLL) Q2 results reflect decent organic revenue growth, solid Americas' leasing performance and Corporate Solutions growth across all geographies.
Host Hotels' (HST) efforts to strengthen its portfolio of hotels will favor Q2 operating statistics. However, lackluster fundamentals of the hotel sector will likely impede growth.
“Cube farms” and private spaces have given way to giant rooms with minimal if any barriers between desks. These open floorplans have detractors as well as cheerleaders, with studies finding mixed results in their efficiency, but they seem here to stay.
The 171 17th St. tower soars over Atlantic Station. Singapore real estate investment trust Prime US REIT just paid nearly $177 million for the 21-story tower, according to Fulton County property records. The price exceeds pre-recession values for the 510,000-square-foot office building, the first of several built in Midtown's 138-acre Atlantic Station development.
A large industrial building along Peña Boulevard and the University of Colorado A-Line near Denver International Airport traded hands last month to a Nebraska investment firm that’s new to Colorado. Omaha-based NewStreet Properties purchased the Panasonic Enterprise Solutions building for $22 million on July 11, according to public records. Denver-based Westfield, which developed the building, was the seller.