The 10 most read real estatearticles for the week ending May 6.
1.Report: New York REIT in mergertalks with JBG Cos.
Themerger talks are not guaranteed to result in a transaction, Reuters noted,citing unnamed sources.
2.CoreLogic: US home prices up 6.7%YOY in March
All50 states registered positive price movement year over year, led by Washington,with a 13% increase.
3.Starwood discloses 'brief delay'in closing timeshare spinoff plan
and Interval Leisureexpect to close their merger transaction in May, instead of the anticipatedApril 30 closing date.
4.Vornado's prospective DC spinofflooking more likely
Exchangeswith management during the Q&A segment of the company's May 3 earnings callsuggested a spinoff of Vornado's Washington, D.C., business could come soonerrather than later.
5.Kohlberg & Co. acquiresInterstate Hotels & Resorts
Thecompany has been owned by Thayer Lodging and Jin Jiang International Hotelssince 2010.
1.Dalian Wanda, partner to build$1B Chicago tower
Thecompany is on track to build the third-tallest tower in Chicago and set therecord for the "largest-ever" property investment by a Chinesecompany in the Windy City.
2.Report: Starwood in talks to sellup to $1B worth of NY, Calif. hotels
Thecompany is in advanced negotiations to sell its St. Regis hotels in SanFrancisco and New York to Qatar's sovereign wealth fund, Bloomberg Newsreported.
3.Manulife US REIT eyes up toUS$519.2M in revived Singapore IPO
ManulifeUS Real Estate Management filed an amended prospectus with the MonetaryAuthority of Singapore.
4.Aventus Retail buying A$219MAustralian portfolio from Blackstone
Thecompany is also looking to raise A$104.5 million to partially fund thelarge-format retail portfolio acquisition.
5.Fitch expects to withdrawWestfield ratings
Therating agency expects to withdraw the ratings at the end of a 30-day period,according to a note.