Kimco Realty Corp., the largest U.S. shopping-center owner, and a joint-venture partner agreed to sell their stakes in 87 Mexican industrial properties to a local real estate investment trust in a $600 million deal.
Blackstone Group LP is considering an initial public offering of its Brixmor Property Group shopping- center unit by year’s end, taking advantage of a stock-market rally as it starts to sell real estate assets.
Blackstone Group LP, the largest private-equity firm, agreed to buy a majority stake in 40 U.S. shopping centers from UBS AB property funds in a deal valued at about $1.1 billion, as it expands its retail holdings.
Starwood Capital Group LLC, the real estate investment firm led by Barry Sternlicht, agreed to buy the InTown Suites extended-stay hotel chain from a Kimco Realty Corp. venture for $735 million, including debt.
Clifford Asness , who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of the administration of President Barack Obama , calling his economic team “Cossacks on a shtetl,” a reference to the Russian cavalrymen who sacked Jewish villages in Eastern Europe in the 19th century.