National Issue
Buyback blowback: REITs that repurchased stock now need cash
New York City’s largest office landlord has been hellbent on shrinking its portfolio over the past few years. Instead...
REITS
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National Issue
Armed with a modest checkbook but a big pulpit, Jonathan Litt is going after Big Office. Can he prevail?
The morning of July 20 was dry and sunny, perfect for taking in the grand metropolis of New York from its most celebrated vantage...
National
Starwood’s Barry Sternlicht predicts demand for hotels, retail will not return to pre-Covid levels “for awhile”
Barry Sternlicht compares the coronavirus pandemic to a race at the Indianapolis Speedway gone wrong. As a pace car laps around the track, lenders...
Los Angeles
Inside Hudson Pacific and Blackstone’s field of streams
As many developers just try to hang on during the pandemic, Victor Coleman is celebrating. During an earnings call...
National
Columbia Property Trust sees leasing, revenue rise while buildings just 5% full
Looking at the latest quarterly financials from Columbia Property Trust, you might forget that we’re in the middle of...
Los Angeles
Hudson Pacific is effusive about Blackstone deal, defensive about office space
Hudson Pacific Properties reported a dip in second quarter net income, attributing it to retail tenants that deferred their...
National
AOC blasts hospitality REITs for seeking federal aid to pay dividends
UPDATED, July 16, 2020, 5:56 p.m.: U.S. Rep. Alexandria Ocasio-Cortez is taking aim at real estate investment trusts that...
National
“Phenomenal returns” for some distressed real estate investors in stocks
While investors in distressed properties are frustrated by sellers holding out for more favorable pricing, some seeking real estate...
National
REIT stocks rise as NYSE trading floor reopens
The reopening of the New York Stock Exchange trading floor Tuesday accompanied a burst of optimism in the stock...
New York
Activist investor Jonathan Litt is shorting big NYC office landlords
Activist investor Jonathan Litt, who in recent years has pushed to turn around struggling retailers, now has a new...