Real Estate news

Embattled Chinese property developer Evergrande (HKG: 03333) is planning to sell a $1.5 billion interest in Shengjing Bank (HKG: 02066) ahead of its interest payment deadline. The real estate giants will sell the stake to a state-owned property management company. Evergrande is mired with a debt of…

Evergrande Property Services Group Ltd (HKG: 03333) is under a massive debt crisis. Debt-laden property developer Evergrande has put global markets on a high alert as all markets are interconnected. However, European Central Bank President Christine Lagarde on Thursday confirmed that Europe had restricted direct exposure to the…

According to the Wall Street Journal, Chinese authorities have informed local authorities to prepare for the possible demise of beleaguered Chinese property Developer Evergrande (HKG: 03333). Beijing getting ready for the potential collapse of Evergrande The WSJ report indicated that local officials described the Chinese government’s signals as…

Evergrande’s (HKG: 3333) first test for its debt issue will happen this week as investors will be keen to see if the beleaguered property will pay or defaults its bond interest. According to S&P Global Rating, the Chinese company is expected to pay $83 million in bond interest…

On Monday, the S&P 500 Index fell by more than 2.25% amid growing concerns about market contagion from China Evergrande Group (HKG:03333). Investors are worried about the potential impact of the collapse of the Chinese property developer. The Shenzhen-based company’s shares have plummeted more than 86%…

According to AllianceBernstein’s Jenny Zeng, the highly distressed Chinese real estate firms are on the verge of collapsing, with the nation’s highly indebted developer China Evergrande Group (HKG: 3333) almost defaulting. Zeng told CNBC’s “Street Signs Asia” there is the possibility of a “domino effect” following the collapse…

According to reports from The Wall Street Journal, leading commercial real estate company Cushman & Wakefield PLC (NYSE: CWK) and shared office space firm WeWork is discussing a possible $150 million partnership to help them navigate the new age of flexible work environments and remote working. Cushman to…

On Wednesday, the Bank of America (BofA) analyst Craig Schmidt upgraded Simon Property Group Inc. (NYSE:SPG) shares from neutral to a buy rating citing continued redevelopment in the mall REIT market as a catalyst. Schmidt also raised his price target for SPG…

Zillow Group Inc. (NASDAQ:ZG) CEO and co-founder Rich Barton says that the company’s stock price appreciation over the last 12 months is not a true reflection of the business performance. However, he expects performance to catch up with pricing in the future. The stock gained nearly…

CyrusOne Inc. (NASDAQ:CONE) is a real estate investment trust (REIT) that invests in data centers. The company’s stock price plunged more than 12% last week after the research firm Cowen downgraded it from a buy rating to a neutral rating citing a bleak outlook. CONE shares…

Lennar Corporation (NYSE:LEN) has been performing well in the past year and is up by 60.46% in the last 52-weeks. Year-to-date, its overall trajectory has been up, with minor dips in between. In the last 5-days of trading, it was in the green. Despite a dip…

Kilroy Realty Corp (NYSE:KRC) shares on Wednesday eased 1.71% lower, trimming the year-to-date gains to about 30%. The company announced three key acquisitions that will boost its expansion plans in Austin, Texas, and the West Coast. Kilroy stock is yet to reach pre-covid highs, leaving a…

Blackstone Group Inc. (NYSE: BX) has agreed to buy QTS Realty Trust Inc. (NYSE: QTS) in  deal valued at $6.7 billion, according to The Wall Street Journal (WSJ). Shares of QTS surged higher in morning trading, increasing by more than 20% over the closing price on Friday.

Workspace Group plc (LON: WKP) said on Thursday it concluded fiscal 2021 with a pre-tax loss as the ongoing Coronavirus pandemic weighed on its property valuation. The company, however, expressed confidence that signs of recovery were evident in customer activity in recent months. Workspace shares opened more than 2%…

Goldman Sachs Group Inc. (NYSE:GS) shares surged 2.80% on Tuesday after Reuters said that the company was planning to double its annual real estate investments in Japan on Monday. GS shares are now up more than 100% over the last seven months…

Here’s a question: with sea levels on the rise, would you be comfortable investing your money in a home by the beach? Dr. Ian Miller of the Washington Sea Grant program, based at the University of Washington,  isn’t sure it’s such a wise idea. Waterfront property in the USA has…

SmartRent is an enterprise-level smart home system company that sells hardware and software solutions to residential property owners, managers, and homebuilders. On Thursday, SmartRent announced a deal to go public as part of a SPAC deal with Fifth Wall Acquisition Corp I – Class A (NASDAQ: FWAA) About…

Prologis Inc. (NYSE: PLD) said on Monday that its profit and revenue in the fiscal first quarter came in better than expected. The company also raised its guidance for the full financial year on the back of robust demand. Prologis shares that you can learn to buy online…

WeWork said on Monday that it concluded 2020 with a loss of £2.31 billion as the Coronavirus pandemic accelerated a shift to working from home. In the previous year, the office-sharing company had reported a higher £2.52 billion of losses. WeWork’s parent organisation, SoftBank Group (TYO: 9984), opened at…

Rightmove plc (LON: RMV) said on Friday that its full-year pre-tax profit posted a decline on a year over year basis due to the discounts it offered to its clients amidst the ongoing COVID-19 crisis. But the number of visitors, it added, jumped to a record high. Rightmove shares…

Segro plc (LON: SGRO) said on Friday that its full-year pre-tax profit jumped 62% in 2020 due to increased property valuations. The company also relaunched its sustainability plan on Friday. Segro shares opened about 1.5% up on Friday and gained another 2% in the next hour. The stock is…

An investment fund belonging to Wall Street giant Goldman Sachs Group Inc (NYSE: GS) is making a bet on stores, warehouses, and other real estate properties, according to The Wall Street Journal. Sale-leaseback strategy A Goldman Sachs fund called Petershill bought a minority stake in another fund called…