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Articles in the Mergers and Acquisitions Category

Brokers Weekly, Mergers and Acquisitions »

[17 Sep 2014 | One Comment | ]

Powerhouse New york residential brokerage Douglas Elliman last week announced a merger with a UK homes giant and a plan to bolster its own Manhattan commercial leasing strengths.
The largest residential brokerage firm in the city is merging with one of the largest residential brokerages in the UK to form a new international brand.
Douglas Elliman Real Estate and Knight Frank Residential say their partnership will result in the largest interactive and connected network for residential properties in the world.
The new Douglas Elliman Knight Frank Residential alliance will entail both firms sharing …

Mergers and Acquisitions »

[20 Aug 2014 | No Comment | ]

Halstead Management Company announced the asset purchase of Gerard J. Picaso Inc., a property management company based in New York City.
Jerry Picaso, currently president of the eponymous firm, will join Halstead Management Company as managing director, executive vice president.
Picaso will continue to oversee more than 40 buildings with his business partner Susan Axelbank, and all of his expert staff together with the resources of the executives and staff of Halstead Property Management.
“We are very excited to bring a team that has such a high level of property management experience to …

Headline, Mergers and Acquisitions »

[20 Aug 2014 | No Comment | ]
TPG Capital in talks to take over Cassidy Turley

Private equity firm TPG Capital is in talks to buy the commercial brokerage Cassidy Turley, according to a report in Crain’s.
It wasn’t clear how much the Texas-based firm was willing to pay or how far the negotiations had come. Crain’s based its report on anonymous sources familiar with the talks.
Founded in 2008, Washington, D.C., based Cassidy Turley is one of the country’s leading real estate brokerage and services firms with more than 3,000 employees. The deal would be the latest in a wave of consolidations in the commercial brokerage industry. In May, UK-based real estate services firm Savills had bought the New York brokerage Studley for $260 million. In 2011, a merger between brokerages Grubb & Ellis and Newmark Knight Frank created Newmark Grubb Knight Frank.

Mergers and Acquisitions, Retail »

[9 Apr 2014 | No Comment | ]

Investment Corporation of Dubai (ICD) today announced that it has completed the purchase of a significant equity interest in the leading international developer and operator of destination resorts and luxury hotels, Kerzner International Holdings Limited (KIHL), from the Kerzner family and several other institutional investors, for an undisclosed sum.
Istithmar and certain affiliates of Goldman Sachs and Colony Capital will continue to have significant holdings in the Company.
KIHL operates globally under the One&Only and Atlantis brands, with international presence in Dubai, The Bahamas, Mauritius, The Maldives, Mexico, South Africa and soon, …

Mergers and Acquisitions »

[2 Apr 2014 | No Comment | ]

Didit, a digital advertising and marketing company based in Mineola, NY, has acquired LVM Group, a Manhattan-based public relations firm.
This acquisition enables Didit to expand its public relations presence to New York City and penetrate new industry sectors, and LVM Group to offer a much broader array of services.
“We are very excited to integrate the services of LVM Group into our Didit family of marketing services,” says Kevin Lee, chief executive officer of Didit. “Public relations people are the storytellers, and we can now support their efforts through various …

Green Building, Mergers and Acquisitions, Property Managers »

[17 Dec 2013 | No Comment | ]

Direct Energy has completed its acquisition of Hess Corporation’s Energy Marketing Business (HEM).
According to Hess, the total consideration was $1.2 billion. The company has now raised a total of $4.5 billion this year as it divests itself of non-core business to focus on funding drilling-and-exploration.
HEM supplies natural gas and electricity to 23,000 commercial, industrial, and small-business customers in the eastern half of the US.
The combination of HEM and Direct Energy Business creates an industry leading energy marketing organization serving commercial and industrial customers across, North America. The new Direct Energy …

Finance & Accounting, Mergers and Acquisitions »

[30 Jul 2013 | No Comment | ]

W. P. Carey Inc. has announced a $4billion merger with its non-traded REIT affiliate Corporate Property Associates 16 – Global Incorporated, know as CPA:16 – Global.
Following the merger, the combined company is expected to have an equity market capitalization of approximately $6.5 billion and a total enterprise value of approximately $10.1 billion.
The combined portfolio will consist of more than 700 properties with 86 million square feet of corporate real estate leased to 231 companies around the world. W. P. Carey president and CEO Trevor Bond said the deal …

Mergers and Acquisitions »

[19 Jun 2013 | No Comment | ]
EVO the new Winoker

The partnership of four New York real estate principals who acquired Winoker Realty in February has re-launched the brokerage as EVO Real Estate Group.
Dana Moskowitz, the newly-named president of EVO, made the announcement. Her partners in the acquisition are Ira Fishman, who serves as CEO, and Nathan Halegua and Josh Halegua, principals
Fishman will focus on client relations and developing new business; Halegua will be involved with acquisitions; Halegua will devote his attention to management; and Moskowitz will supervise day-to-day operations and oversight of the leasing division.

Mergers and Acquisitions »

[17 Apr 2013 | No Comment | ]
Brookfield spins off new property company

Brookfield Asset Management Inc. this week announced the completion of the spin-off of Brookfield Property Partners L.P., a newly-created company which owns substantially all of Brookfield’s commercial property assets.

The spinoff is the last of three main business units to be carved out by Toronto-based Brookfield Asset Management Inc, the others being Brookfield Renewable Energy Partners LP and Brookfield Infrastructure Partners LP.

Mergers and Acquisitions »

[10 Apr 2013 | One Comment | ]
ABS Partners announces merger with PBS Real Estate

John Brod and his team from PBS Real Estate has joined ABS Partners Real Estate, ABS announced.

The announcement comes just days after PBS co-founder Laura Pomerantz left to start her own firm.

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