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U.S. real estate companies said on Monday they were trying to assess the damage that last week’s earthquake and tsunami may have inflicted on the hotels, warehouses and outlet centers they own in Japan.
The companies, including four real estate investment trusts (REITs), are expected to incur some property damage from the disaster. With a highly dense population in one of the world’s wealthiest countries, Japan is a favorite among U.S. real estate investors. Get the full story »
CB Richard Ellis Group is buying most of Dutch bank ING’s Real Estate Investment Management for about $1 billion to diversify its client base, a deal which would help ING pay down state aid. Get the full story »
Crain’s Chicago Business | Two downtown office towers — Three First National Plaza at 70 W. Madison St. and 233 N. Michigan Ave. in Illinois Center — have come on the market in a possible sign of thawing in real estate investment.
