Real Estate news

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…

In an announcement on Friday, Bellway plc (LON: BWY) said home orders surged significantly in the last four months, that it attributed to public assistance schemes and tax cuts that made people buy more property. Bellway shares opened about 1% up on Friday but lost close to 5% in…

Sirius Real Estate Ltd. (LON: SRE) said on Monday that its pre-tax profit in the fiscal first half came in lower than last year. The company, however, expressed confidence that its revenue remained robust in recent months, on the back of which, it raised its dividend on Monday. Sirius…

British Land Company plc (LON: BLND) posted a wider pretax loss for the fiscal first half on Wednesday. The company attributed its loss to the devaluation of its portfolio and a hit to revenue in recent months. Despite the dovish report, British Land Co. resumed dividend payments on Wednesday.

In an announcement on Wednesday, Workspace Group plc (LON: WKP) said it concluded the fiscal first half in loss and deferred its decision to pay a full-year dividend. The office space provider has taken a massive hit this year as the Coronavirus pandemic pushed its customers into downsizing or…

Artificial Intelligence-based innovations will significantly increase globally by 2030, and the real estate industry will be part of that growth. Contrary to what people believe, Artificial Intelligence will not threaten job opportunities and responsibilities in the real estate sector. Instead, it stands to empower real-estate companies to better the…

Private equity giant Blackstone Group Inc. (NYSE: BX) announced Tuesday an ambitious green project of lowering carbon emissions on all newly acquired assets, The Wall Street Journal reported. The green plan Blackstone pledged to lower carbon emissions of any asset or company it acquires by 15% within the…

COVID-19 softened most real estate markets in Canada and not just sales volumes alone. According to data by the Canadian Real Estate Association  (CREA), Sales to New Listings Ratio (SNLR) declined in major markets. From February to May, all but three significant markets experienced inventory rise…

Homebuyers are looking for larger homes than small ones amidst the pandemic. According to a new report from Redfin, typical homes that sold in a month ending August 16 were 3.7% larger (1,772 square feet) than those that got dealt a year earlier. This is compared…

The Maharashtra government last week reduced stamp duty on the real estate sector to boost demand. The government stated that the 3% stamp duty cut in the realty sector would take effect from 1 September to 31 December 2020, while a 2% cut in stamp duty will be effective from…

WeWork said on Thursday that it has successfully reduced its rate of cash burn by almost 50% as compared to the start of the year. It also announced to have secured an additional £840 million financing from SoftBank Group Corp (TYO:9984) that currently has a majority stake in WeWork.

The Macerich Company (NYSE: MAC) published its quarterly financial results on Tuesday that highlighted the company to have concluded its fiscal second quarter in loss that came in lower than what the experts had forecast. Its revenue and funds from operations (FFO), however, fell shy of the analysts’ estimates.