RealEstateFlux

Westfield & Simon Stake Claims for UK REIT

It is remarkable that while Westfield Group and Simon Property Group are sizing up a tremendous growth opportunity in Europe, Centro Properties Group, with their vastly different capital structure, is selling large chunks of their portfolio at wholesale prices in a race to survive. In answer to Simon Property Group’s disclosure last week of a 3.5% [...]

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Trade Center Rebuilding Faces Big Setback

Source: The Wall Street Journal The rebuilding of the World Trade Center, destroyed in the Sept. 11, 2001, attacks, won’t be completed until the middle of the next decade, and will cost as much as $3 billion more than planned, according to people familiar with the matter, reports The Wall Street Journal. The Port Authority of New [...]

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