After a surge of office leasing in the City of London last year, activity has declined, raising challenges to developments that have just opened or that are under way. Tenants in the City leased more than 6.1 million square feet last year, the highest since 2006. But so far this year, there have been only…
After several years battling disasters—both natural and man-made—at Michael Dell’s resorts in Hawaii and California, the investment fund that manages the billionaire’s personal fortune is trying to reboot his hotel empire. MSD Capital LP, which oversees some $12 billion in assets for Mr. Dell, has brought its payments up to date on its $425 million…
Two dramas are playing out in today’s seniors housing market. While distressed properties can’t find buyers and eventually sell at a steep discount, top-quality projects often become the subject of bidding wars. MBK Senior Living recently sold the Sterling at Vintage Hills in Temecula, Calif., for $27 million in a bidding process that included 15…
Debt-laden Centro Properties Group agreed to sell its 588 U.S. shopping centers to private-equity giant Blackstone Group LP for $9.4 billion in a deal that will allow Centro’s Australian operations to continue as a stand-alone company, according to people familiar with the matter. Blackstone prevailed in bidding against two other groups, one a partnership of…
Vying for a role in the restructuring of well-known luxury resorts in bankruptcy court, an affiliate of the Government of Singapore Investment Corp. is setting the stage for a potential battle with a group including hedge-fund firm Paulson & Co. and Winthrop Realty Trust. In court papers filed Monday, the Government of Singapore Investment Corp., or…