Our real estate editors'picks for the best stories of the week ending April 1.
Anbang a 'veryformidable and incredible counterparty,' Starwood CEO says
Starwood Hotels& Resorts Worldwide Inc. CEO Tom Mangas said on a conference callthat the company was "disappointed" it could not proceed with the Anbangconsortium's takeover proposal, but rallied behind Marriott International Inc.'s takeover offer as the bestdeal for shareholders.
Marriott's Sorenson:'We have zero buyer's remorse'
On a conference call, the executive seemed relieved that theMarriott-Starwood combination was back on track and projected a mid-2016 close.
Conference Chatter:Lawyers, guns and accounting: Scenes from day 1 of NAREIT's REITWise 2016 event
Panel discussions during the conference's first day touched onREIT earnings metrics, open carry laws and class-action lawsuit insurance.
Real Estate Rundown:Lessons to be learned from J.C. Penney's bounce back
The department store lost roughly 20 million customers when itimplemented radical changes in 2012, but it has clawed its way back by restoringand expanding its product mix and implementing new strategies to target millennialtastes.
Target Market:'Circus sideshow' in NYC luxury residential market takes a dark turn
The upper end of the New York City market has been flooded inrecent years by a wave of luxury condominium and apartment construction, even asprices continue to soar for more affordable dwellings.
The Property Ledger:Steadfast Apartment makes 6th Colo. asset buy; Rexford snags 2 Calif. industrialfacilities
The March 31 North American property news roundup also featuresCarter Validus Mission Critical REITII's data center acquisitions in Georgia and Michigan.
The Eastern Front:Dalian Wanda Commercial's bang could end with whimper
Just 15 months after its rock star entry onto the Hong Kong listedmarket, Dalian Wanda Commercial PropertiesCo. Ltd. is looking at a delisting through privatization.
The Eastern Front:Regulatory ambiguity clouds Starwood/Anbang deal
Now that Anbang Insurance Group is back in pole position to takeover Starwood Hotels, the regulatory hurdles the Chinese insurer must pass to closea deal have come under sharper scrutiny.
The Property Ledger:Charter Hall to boost Australian fund's managed assets to over A$1B
The April 1 edition of Asia-Pacific property news recap alsofeatures Kenedix Office InvestmentCorp.'s ¥15.55 billion purchase of a Tokyo property and 's third servicedresidence in Jakarta.
The Property Ledger:Unibail-Rodamco sells office asset for €270.8M; NewRiver in talks for £120M propertydeal
The April1 edition of European property news recap also reports on the marketing of a Londonasset by a joint venture between LandSecurities Group Plc and Delancey, and Pandox's sale of Swedish hotels for 850 million Swedish kronor.