As the economic crisis continues, the real estate industry may see mergers among real estate investment trusts this year. REITs with high earnings may start to acquire those with lower earnings, said Jay Leupp, a portfolio manager for Grubb & Ellis. Bayside Marketplace owner General Growth Properties is one company that experts say could soon be acquired. Shopping center REIT Ramco-Gershenson Properties Trust also recently announced that several companies have been interested in acquiring it.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|