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Monthly Archives: February 2016

Scott Rechler’s Australian REIT Preparing To Exit NYC Suburban Office Markets

Scott Rechler’s Reckson New York Property Trust (RNY) has decided to begin the process of selling down its suburban New York City office and flex assets in an “orderly and strategic manner” over the next 12 to 24 months.

The Sydney, Australia-based REIT’s portfolio is comprised of 25 buildings totaling about 3 million square feet in Westchester County (New York), Fairfield County (Connecticut), Long Island (New York) and Northern New Jersey….

CoStar’s People of Note (Feb. 26)

  • February 26, 2016
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It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, Toronto, Houston, Washington DC, Nashville, Minneapolis, Lo…

Rouse Properties Accepts Brookfield’s Higher Offer

Rouse Properties Inc. has agreed to be acquired by an affiliate of Brookfield Asset Management Inc. for $2.8 billion including Rouse’s debt.

At $18.25 per share, the all-cash transaction bests Brookfield’s original offer of about $2.54 billion made early last month and represents a premium of approximately 35% over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse…

Rouse Properties Accepts Brookfield’s Higher Offer

Rouse Properties Inc. has agreed to be acquired by an affiliate of Brookfield Asset Management Inc. for $2.8 billion including Rouse’s debt.

At $18.25 per share, the all-cash transaction bests Brookfield’s original offer of about $2.54 billion made early last month and represents a premium of approximately 35% over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse…

Rouse Properties Agrees To Accept Brookfield’s Higher Offer

Rouse Properties Inc. has agreed to be acquired by an affiliate of Brookfield Asset Management Inc. for $2.8 billion including Rouse’s debt.

At $18.25 per share, the all-cash transaction bests Brookfield’s original offer of about $2.54 billion made early last month and represents a premium of approximately 35% over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse…

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