The 10 most read real estate articles for the week ending Feb. 3.
North America Real Estate
1. David Simon's advice in 'dog-eat-dog' new normal: Spruce up your stores
On an earnings call, Simon Property Group Inc.'s CEO attributed the company's performance in a cutthroat retail climate to its belief in its properties and its resulting willingness to invest in them.
2. Blackstone single-family rental unit Invitation Homes prices IPO
The maximum aggregate offering price is expected to be approximately $1.86 billion, including an overallotment option.
3. New York, San Francisco apartment markets will struggle in '17, UDR execs say
Though rent growth remains weak, there are signs a turnaround could come in 2018, company executives maintained in a conference call.
4. Activist pans Forest City for self-dealing, 'value-destroying' new development
The activist Land & Buildings called shareholders to action to help remedy perceived corporate governance and capital allocation failures at the company over the years.
5. KPMG: Real estate industry leaders bullish on 2017 and beyond
Most executives that responded to the KPMG survey plan to boost their 2017 investments in U.S. real estate amid expectations for continued growth in the sector.
1. New UK REIT focused on inflation-linked leases targets £200M IPO
LXI REIT plc is targeting inflation-protected income and capital returns through long leases of typically 20 to 30 years, with rent reviews directly linked to inflation.
2. Softer lending in UK commercial property unlike previous cycles
Lending activity on U.K. commercial property softened compared to previous late-cycle real estate markets, industry observers say.
3. GLP expands Chicago footprint with 2 acquisitions
The company bought two distribution facilities for US$33 million.
4. IPO Monitor for the week ending Feb. 1
A potential IPO of a new U.K. REIT focused on investing in commercial property assets let on long inflation-linked leases and the postponement of India's first REIT listing made news this week.
5. The Daily Dose Europe: Hong Kong developer snaps up London asset; Tesco in £3.7B merger deal
This edition also features Westminster City Council's planning consent for London's first floating park, the launch of a €150 million housing investment program in Berlin and the sale of ING Bank's previous office building in Amsterdam.