The 10 most read real estatearticles for the week ending Sept. 23.
1.MBA: Mortgage applications drop7.3%
Therefinance index slipped 8% compared to the previous week to reach the lowest levelsince June.
2.Blackstone to buy $1.5B logisticsportfolio on US West Coast
The12 million-square-foot portfolio is being acquired from LBA Realty LLC,according to reports from Bloomberg News and The Wall Street Journal.
3.MedEquities provides estimatedprice range for IPO
Thecompany plans to sell 19 million shares in its debut on the NYSE.
4.Sears terminates master lease at17 Seritage Growth stores
Thetotal base rent at the stores is roughly $5.8 million per year, or 2.8% ofSeritage's total annual base rent as of June 30.
RichardSmith also stepped down from the company's board.
1. Blackstone's Indian REIT plans underway
The private equity giant is partnering with local groups andlooking to raise up to US$750 million from a possible REIT listing, The Times of India reported, citingsources close to the matter.
2. ADOProperties grosses €199M from capital offering
The 5,600,001 new shares placed Sept. 13 were priced at€35.50 apiece.
3. ThailandPrime seeks 7.5B Thai baht from REIT listing
Thailand Prime Property Freehold and Leasehold Real Estate'smanager said that an office REIT will be launched later this year, Reutersreported, citing a company statement.
4. KennedyWilson Europe concludes £200M bond offering
The bonds are due June 30, 2022.
5. China Vankeplots new businesses' expansion with potential cash deal
The developer said that a cooperation deal it signed Dec.25, 2015, is expected to push through even if it has lapsed.