The 10 most read real estate articles for the week ending Oct. 7.
North American Real Estate
1. Monogram Residential moves to deny shares to former manager
The company is in a dispute with its former manager about the terms of convertible preferred shares that could gain significant value if Monogram is sold before they expire.
2. Activist investor submits proposal to manage New York REIT
The proposal includes the appointment of former Vornado executive Wendy Silverstein as CEO of the REIT.
3. Private RE fundraising dips to lowest level since 2013
Fundraising fell to $19 billion during the third quarter, the lowest level of fundraising since the first quarter of 2013.
4. Reis: Vacancy rates for malls, shopping centers move further in opposite directions
Retail market conditions generally softened in the third quarter, likely as a delayed response to weak economic conditions in the first quarter.
5. Lennar closes $2.2B multifamily fund
Company unit LMC received the latest commitment of $250 million.
1. Elanor Investors plans IPO of A$243M retail property fund
Elanor Retail Property Fund will invest in retail property across Australia and will initially have a portfolio of five shopping centers.
2. Report: Anbang circles €500M Blackstone portfolio in the Netherlands
Anbang Insurance Group is seeking to buy the properties through its Vivat NV unit, Bloomberg News reported.
3. The Daily Dose Europe: Britain launches £5B homebuilding stimulus; Zara owner buys Madrid skyscraper for €490M
This edition also reports on what is said to be the biggest property development in Dublin since 2008, and MERLIN Properties' €380 million acquisition in Madrid.
4. Kerry Properties outbids giants for Hong Kong site with HK$7.27B offer
Hong Kong Lands Department awarded the tender to NMC 6 for an approximately 21,849-square-meter private residential site in Kowloon.
5. China Evergrande unit in talks for controlling stake in Shenzhen developer
Guangzhou Kailong will become the controlling shareholder of Shenzhen Special, pursuant to a proposed reorganization deal.