The government of President Barack Obama would allow states to reopen national parks using their own funds.
Real Estate
Homebuilder KB Home offers bonds to retire debt
KB Home set to offer bonds as well as notes issued to assist its plan to retire soon to be maturing debt.
GSW recommends Deutsche Wohnen bid to shareholders
Shareholders of GSW are being convinced to accept the Deutsche Wohnen offered bid. In a letter to its clients, GSW immobilien AG had recommended the acceptance of the EUR1.
Palatine Private Equity invests GBP 16 million for minority stake in Forrest
Palatine Private Equity had purchased a GBP 16 million minority stake in Bolton-based Forrest. UK-based investment firm Palatine Private Equity bought a GBP 16 million minority stake in social housing contractor Forrest.
Forest City sells Atlantic Yards stake
According to a report from Bloomberg, Forest City Ratner Cos had sold a 70% stake in Atlantic Yards to speed up a real estate project confronted by years of delays.
Latest News
Eight nationally-run parks in Utah would reopen by Saturday using state funds. Despite the ongoing US government shutdown, five national parks in Utah will reopen on Saturday.
A team-up of The Canada Pension Plan Investment Board (CPPIB) and Dexus Property had placed a AUD2.7 billion buyout bid for Commonwealth Property Office Fund (CPA), the office trust of the Commonwealth Bank of Australia
A share in CT REIT is worth CAD10 each and 26.35 million trust units were sold. The real estate investment trust of Canadian Tire Corp had raised CAD263.
In an interview with Bloomberg, Deyaar Properties CEO Said Al-Qatami confirms the investment in buildings located in Dubai.
The Carlyle Group obtained approval from the Southwark Council Strategic Planning Committee for the South Bank development project.
The Tourism Development & Investment Co was reportedly talking with various banks for a USD 1 billion loan facility to replace its existing debt, according to bankers interviewed by Bloomberg.
Land Securities Group said it would sell South Bank office properties worth GBP 315 million to M&G Real Estate.
The Southwark Borough Council of London approved the proposed real estate development plan proposed by the Carlyle Group on the southern bank of the Thames River.
Meridian Properties did not push through with its planned EUR 170 million due to adverse market conditions.
