Vornado Realty Trust today announced that it has terminated its $41 billion bid to purchase Equity Office Properties Trust, the nationÂs largest office landlord. The Chicago-based
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Real Estate
We Have a REIT Bidding War
Biz Briefs
Read More »Equity Office Properties Rejects Vornado Offer
Vornado Realty Trust was dealt an apparent setback today as Equity Office Properties Trust (EOP) rejected a $41 billion buyout bid from the Paramus real estate investment trust. Chicago-based EOP issued its statement after consulting with its financial and legal advisors about VornadoÂs $56 a share
Read More »Downtown Goes Upscale
Around the State - North Jersey
Read More »Making Two Big Real Estate Players into One
The NJBIZ Interview  Ray Sohmer
Read More »Housing across the Pond
Around the State - North Jersey
Read More »Court Strikes Down COAH Rules
In a decision delivered today, the stateÂs Appellate Division struck down key provisions of the Council on Affordable Housing (COAH) rules regarding municipal affordable housing obligations for the period 1999 to 2014. It mandated that COAH adopt lawful regulations within six months and barred the state
Read More »PHH to Cut Costs by 50 million in 2007, Job Cuts Likely
PHH in Mount Laurel, a provider of fleet-management and mortgage services, said job cuts in its mortgage-production and mortgage-servicing division will help the company save about $50 million in 2007. In addition to cutting jobs, the company said it will reduce its spending on Internet technology and outsourced
Read More »PREI Goes To India
Prudential Real Estate Investors (PREI) in Parsippany today said it is investing in Indian properties through Beekman Helix India Partners (BHI), a merchant bank based in McLean, Va. PREI has made three investments totaling $50 million so far in a program managed by BHI, which
Read More »Everything Must Go
Around the State - South Jersey
Read More »Real Estate Company Acquires Deptford Mall for 241 Million
The Deptford Mall purchase brings the total of number of regional malls owned by Macerich to 73, consisting of approximately 77 million square feet of
Read More »Rushing Out of Arca
Central Jersey
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