The 10 most read realestate articles for the week ending July 15.
1. DDRreplaces terminated CEO with DCT Industrial chairman
Industry veteran Thomas August will immediately replace DavidOakes, who was terminated as DDRCorp.'s president, CEO and interim CFO.
2. Real EstateRundown: Speculation swirls after DDR CEO's abrupt termination
With the company tight-lipped, analysts and investors havebeen left to speculate why David Oakes was fired, and some think a company salemay now be more likely.
3. HCP CEOsteps down; board chair takes reins on interim basis
HCPInc. expects to record a severance charge of roughly 3 cents pershare in the third quarter related to President and CEO Lauralee Martin'sdeparture.
4. DataDispatch: Real estate ETF usage continues to grow in June
U.S. real estate ETFs accumulated $1.44 billion in netinflows in June, generating a total of $4.93 billion in net inflowsyear-to-date.
5. DataDispatch: A jump from year-end discount — US REITs trade at a premium to NAV of8.4%
The "other" retail sector had the greatest premiumto NAV, while the office sector had the greatest discount to NAV.
1. China Vanketo buy RE companies from Blackstone affiliates
The developer will shoulder 3.89 billion Chinese yuan fromthe 12.87 billion yuan plan to acquire 96.55% equity interests in commercialproperty companies held by the Blackstone affiliates.
2. AccorHotelsacquires Fairmont, Raffles following shareholders nod
The hotelier named Chris Cahill, who most recently worked atLas Vegas Sands, to the newly created role of CEO, luxury brands to lead theintegration process.
3. The EasternFront: WeWork adds to the growing co-working scene in Shanghai
The shared-office trend that galvanized WeWork is taking offin the Chinese city, with market observers expecting to see massive growth inthe years to come.
4. Hires andFires: European, Asian real estate moves through July 12
S&P Global Market Intelligence presents a weekly rundownof recent significant management and board changes and personnel moves in theEuropean and Asia-Pacific real estate industries.
5. GLP tocomplete stake syndication in US portfolio
GlobalLogistic Properties Ltd. unit New Western Holdings agreed to afinal stake syndication in GLP US Income Partners II for US$108.0 million.