Hammerson completes £69m non-core asset sale
CEO Rob Wilkinson highlights focus on value creation and JV buyouts.
The post Hammerson completes £69m non-core asset sale appeared first on CRE Herald | Commercial Real Estate News, Data, Insights.
CEO Rob Wilkinson highlights focus on value creation and JV buyouts.
The post Hammerson completes £69m non-core asset sale appeared first on CRE Herald | Commercial Real Estate News, Data, Insights.
Keir Starmer vowed not to touch the triple lock, a system that promises to increase the state pension each April by either the rate of inflation, average earnings growth or 2.5% – whichever is highest. The triple lock guarantee saw over 12 million pensions receive a state pension boost in April, as it increased by…
Warsh also announced five task forces to review the Fed’s operations, including one focused on communications, though the minutes noted that only “some participants commented that they welcomed the opportunity to review the Committee’s communications tools and practices.” The updated dot plot of individual rate projections tilted narrowly toward one hike this year. Nine of…
Somewhere in most 1031 exchanges, the advisor hits a fork. The client has an appreciated rental or a small commercial building, a gain large enough that a straight sale would hand close to a third of it to the IRS, and a growing sense that they are done being a landlord. They have 45 days…
A joint venture among PCCP, Claremont Development, and Stanbery Development Group has secured $188 million to refinance the District 15Fifteen, a 498-unit multifamily property in Parsippany, N.J., Commercial Observer can first report. Affinius Capital provided the debt, which will finance the lease-up and stabilization of the property, as it opened only last month. Cushman &…
Three established property professionals have taken up new roles across the residential sector, signalling continued structural shifts in the industry towards brokerage and franchise models. Moveli appoints former Hamptons director Andrew Farmer has joined Moveli after more than 25 years in estate agency, including nearly two decades as a director at Hamptons. Farmer, who specialises…
Home price appreciation remained subdued in April, as the latest data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices continued to point to a housing market with little overall momentum. While annual price growth improved modestly from the prior month in both reports, elevated mortgage rates and ongoing affordability challenges continued to…