Real Estate Investment Trusts

Property Crash Draws Short-Sellers. Better Late Than Never.

14Dec

By adminNo Comments

Money

Property Crash Draws Short-Sellers. Better Late Than Never.

With interest rate cuts looking more likely, now isn’t an obvious time to make bearish bets on real estate. Luckily for short sellers, the Fed probably won’t move fast enough to wreck their favorite new trade.Mortgage real-estate investment trusts, which offer bridging loans to commercial property owners, have caught the eye of short sellers. Carson Block’s Muddy Waters hedge fund announced a stake in blue chip Blackstone Mortgage Trust last week. Viceroy Research, the fund that previously bet against troubled real-estate stocks SBB and Adler Group, went public with a position in Arbor Realty Trust in mid-November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers

7Dec

By adminNo Comments

World

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers

Investment giant Blackstone and Digital Realty, one of the world’s largest data-center companies, are creating a new venture to develop $7 billion in data centers that will target the largest providers of online content, cloud services and artificial intelligence.The venture plans to develop 10 data centers on four campuses in Frankfurt, Paris and northern Virginia over the next five or six years, the companies said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Elliott Renews Push for Change at Big Wireless-Tower Owner

27Nov

By adminNo Comments

World

Elliott Renews Push for Change at Big Wireless-Tower Owner

Elliott Investment Management plans to push for changes at Crown Castle International after the activist failed to gain traction when it first took a stake in the big owner of wireless towers.Elliott has amassed a stake of more than $2 billion in Crown Castle, which has a market value of nearly $45 billion, and plans to engage with the company about ways to boost its shares, according to people familiar with the matter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas

14Nov

By adminNo Comments

World

Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas

Real-estate developers that have bet billions of dollars on the streaming boom cheered when striking Hollywood actors reached a tentative agreement last week with major studios and streamers. But that relief over a union deal might prove short-lived. The streaming industry that emerges from the labor battles of 2023 will be different in ways that will likely reduce demand for space by the television and film industry.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8