The 10 most read real estatearticles for the week ending July 22.
1.Presidential Realty to acquireFirst Capital Real Estate Trust
Thecompanies executed a letter of intent regarding the proposed merger.
2.Report: Invitation Homes to IPOin H1'17
'ssingle-family rental company is set to make its public debut in the first halfof 2017, Bloomberg News reported, citing two people familiar with the matter.
3.The Daily Dose: Boston Globeselling HQ; redevelopment cost of NYC's LaGuardia Airport escalates
Thisedition also reports on the high-tech industry's increasing share of the U.S.office market and why Robert Shiller argues that land and homes are not viablelong-term investments.
4.Sovran closes LifeStorageacquisition, details rebranding plans
Thecompany said it will change its corporate name in August to Life Storage Inc.from Sovran Self StorageInc. and its ticker to LSI from SSS.
5.The Daily Dose: Clarion Partnersscoops up Dallas office tower; Under Armour pays $70.3M for new HQ site
Thisedition also features a report on the sale of the landmark Plaza Hotel inManhattan, N.Y.; and a look the bubble-like conditions of the U.S. housingmarket.
1. Dalian Wanda advances London mixed-use project with new £500Mfinancing
Theloan was provided by Chinese bank Ping An.
2.British Land in 'robust position'going into post-Brexit era
CEOChris Grigg added that it is "too early" to properly determineBrexit's effects on the company's operations, but it is expected that sometenants and investors will be more cautious on the market.
3.Grainger JV forms biggestresidential REIT in the UK
and APG convertedtheir private rented sector investment vehicle into a U.K. REIT with more than£600 million of initial assets.
4.PATRIZIA buys €400M German officeand commercial portfolio
Theacquisition was made on behalf of the company's PATRIZIA GewerbeInvestDeutschland II fund, which is now fully invested with a total volume of €800million.
5.Reports: Propertylink advancesA$500M IPO, nears deal for A$200M portfolio
Logisticsand office property manager and investor Propertylink submitted a prospectusfor its estimated A$500 million IPO in Australia, secured several supportersfor the plan and is closer to sealing a deal to acquire a A$200 millionportfolio, according to media reports.