AECOM to appoint W. Troy Rudd as Chief Executive Officer
AECOM (NYSE:ACM), the world’s premier infrastructure firm, today announced the appointment of W. Troy Rudd to Chief Executive Officer. Currently AECOM’s Chief Financial Officer,...
QuadReal forms $250m multifamily JV with Los Angeles company
Los Angeles-based multifamily development company LaTerra Development and QuadReal Property Group, a global real estate company, have formed a joint venture to invest up to...
Taubman confirms notice from Simon Property to terminate merger agreement
Taubman Centers, Inc. has confirmed receipt of notice from Simon Property Group to terminate the previously announced agreement and plan of merger among Simon,...
Simon Property terminates $3.6bn Taubman agreement
Simon Property Group, the largest U.S. shopping mall owner and an S&P 100 company, said it has exercised its contractual rights to terminate its February 9, 2020 merger...
The 10 largest real estate investment managers in the world
Total real estate assets under management (AUM) stands at €3.2 trillion at the end of 2019, representing an increase of 15.7% from the €2.8...
Colliers Canada : 16% of commercial tenants did not pay rent in May
16% of Canadian commercial tenants paid no rent in May 2020 as rent collection continues to decrease during the COVID-19 pandemic, accroding to the...
JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Citi Private Bank issues Mid-Year Outlook 2020, Investing in a New Economic Cycle
Citi Private Bank recommends major changes in clients’ investment portfolios amid today’s unprecedented conditions
Citi Private Bank today released its Mid-Year Outlook 2020 report, Investing in...
Food Lion to acquire 62 stores across Carolinas and Georgia
Food Lion, based in Salisbury, N.C and a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize, has agreed to purchase 62...
Lineage Logistics buys cold storage property portfolio in Chicago
JLL Capital Markets has closed the sale of a three-property cold storage portfolio in Chicago. Lineage Logistics, the Michigan-based temperature-controlled logistics company, has purchased the assets...
Moody’s Analytics Forecast: Resurgence of COVID-19 could cause global economic depression
According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base...
SL Green collects majority of rent during COVID-19 pandemic
SL Green Realty Corp., a fully integrated real estate investment trust and an S&P 500 company, has collected the vast majority of its property rents...
