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New York
Wednesday, November 13, 2019
RE/MAX and Redfin have put the brakes on their two-month old partnership. In March, the brokerage firms agreed to exchange their U.S. and Canadian customer referrals via Redfin’s Partner Agents program.However, after Redfin announced its intention to launch a cutting edge tool...
Earth Day is Monday, April 22 and with that in mind, the National Association of Realtors (NAR) has just released its REALTORS and Sustainability 2019 Report. The report highlights consumer preference about environmental sustainability features in real estate.NAR has previously pledged a...
Homeownership is more affordable this week, thanks to falling mortgage rates. Fixed rate mortgages averaged 4.41 percent during the second week of February 2019.Freddie Mac says the decline represents a 10-month low for 30-year fixed rate mortgages. In spite of signs of...
Hyatt Hotels (NYSE: H) announced on October 8th it reached an agreement to acquire Two Roads Hospitality for $480M. The acquisition adds to Hyatt a unique collection of brands and an extensive development pipeline. The deal is expected to close later this year after which Two Roads'...
Government Properties Income Trust (Nasdaq: GOV) and Select Income REIT (Nasdaq: SIR) announced on September 17 that they have agreed to merge in a deal worth $3.6b. UBS and Citigroup served as financial advisers on this merger with legal assistance from Shearman & Sterling and White &...
Pebblebrook Hotel Trust (NYSE: PEB) announced on September 6 that it will acquire 100% of LaSalle Hotel Properties’ (NYSE: LHO) outstanding common shares for a total of $5b. Citigroup/Goldman Sachs and Bank of America Merrill Lynch/Raymond James served as financial advisers while McGuireWoods LLP as legal adviser...
Rent-A-Center Inc. (Nasdaq: RCII) and Vintage Capital Management LLC announced on June 18 that they have entered into a definitive agreement under which Vintage Capital will acquire RCII in a cash deal worth approximately $750 million. Vintage will pay $15 per share in cash for all outstanding...