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Top related persons:
Blackstone - 2 Eastdil - 2 Aishwarya Nair - 1 Krishna Chandra - 1 Nadeem Meghji - 1 Prologis - 1 Goldman Sachs - 1 Morgan Stanley - 1
Top related locs:
Bengaluru California BREIT Wells Atlanta , Washington DC , California Dallas Las Vegas , New York Phoenix
Top related orgs:
Thomson - 2 Blackstone Real - 1 Income - 1 Newmark - 1 Prologis - 1 Blackstone - 1 Estate - 1 Duke Realty Corp - 1

Search resuls for: "Eastdil"


5 mentions found


☆ Public Storage to acquire Simply Self Storage for $2.2 bln
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector. Earlier this year, California-based Public Storage made a hostile bid to acquire smaller rival Life Storage. But in April, real estate investment trust Extra Space Storage announced a $12.7 billion deal with Life Storage. Eastdil Secured served as financial adviser to Public Storage, whereas Wells Fargo and Newmark Group acted as lead financial advisers to BREIT.
Persons: Blackstone, Eastdil, Aishwarya Nair, Krishna Chandra Organizations: Blackstone Real, Income, Newmark, Thomson Locations: California, BREIT, Wells, Bengaluru
☆ Prologis to buy industrial properties from Blackstone for $3.1 billion
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
June 26 (Reuters) - Prologis Inc (PLD.N) said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (BX.N) for $3.1 billion in an all-cash deal. It currently owns 1.2 billion square feet of logistics real estate in 19 countries. With near record-low vacancy, logistics remains a high conviction theme for us," Nadeem Meghji, head of Blackstone Real Estate Americas, said. Prologis and Blackstone have completed more than a dozen transactions together in the past 11 years, according to the statement. Eastdil Secured, Barclays, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs, J.P.Morgan Securities, Morgan Stanley, PJT Partners and Wells Fargo acted as financial advisers to Blackstone.
Persons: Nadeem Meghji, Prologis, Blackstone, Eastdil, Goldman Sachs, Morgan Stanley, Wells Fargo, Kannaki, Shilpi Majumdar Organizations: Prologis, Blackstone, Estate, Duke Realty Corp, Barclays, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, J.P.Morgan Securities, PJT Partners, Thomson Locations: Atlanta , Washington DC , California, Dallas, Las Vegas , New York, Phoenix, South Florida, U.S, Bengaluru
☆ Why major commercial real estate firms are joining resources to recruit Black student-athletes
  + stars: | 2023-05-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Bobo made a name for himself in real estate investing and then decided to pay it forward. Eager to diversify their workforces, some of the largest real estate development, finance and management firms have signed on to fund the internships and mentor the students. The program has trained more than 5,000 participants from over 350 universities worldwide and has partnered with over 250 real estate firms. He is now an acquisitions and development associate at Catalyst Housing Group, a California-based real estate development firm and a financial backer of the new partnership.
☆ Chinese Company Aims to Sell 3 U.S. Resorts for $1.3 Billion
  + stars: | 2022-09-27 | by ( Craig Karmin | ) www.wsj.com   time to read: 1 min
A Chinese company is looking to sell three major U.S. resort hotels at a combined price tag of $1.3 billion, seeking to cash out these holdings during a powerful surge in leisure travel and resort business. Dajia Insurance Group Co. is putting up for sale the Montage in Laguna Beach, Calif., the Four Seasons resort in Jackson Hole, Wyo., and the Four Seasons in Scottsdale, Ariz., according to people familiar with the matter. BofA Securities Inc. and real estate banking and brokerage firm Eastdil Secured LLC are marketing the hotels on behalf of the seller, these people said.
☆ Big investors are buying fewer homes to rent out on a bet that prices will fall. Case in point: A 2,000-house portfolio just got yanked from the market after failing to lure buyers at its $500 million
  + stars: | 2022-09-20 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +6 min
That's left some big portfolios sitting on the market — but don't expect the lull to last long. This past summer, a huge portfolio of 2,000 homes hit the market. The market for single-family-rental portfolios, once red-hot, has slowed considerably as the biggest participants face higher borrowing costs and market volatility. The challenges aren't limited to big SFR portfolios. Deals are still getting done, too — one SFR portfolio traded in August for a little more than $140 million, according to a person with knowledge of the deal.
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