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Farallon Capital to Wage Proxy Battle at Biotech Firm
WSJ News Exclusive Finance Farallon has nominated three directors to the board of Exelixis Source link
Housing Is Turning Out to Be a Lousy Shelter for Investors
Apartments have been the second-worst performing type of real estate in the U.S. after offices over the past year. Source link
Extra Space Storage to Combine With Life Storage in $12.7 Billion Deal
Markets Deals A deal would create the largest storage-facility operator in the U.S. by number of locations Source link
China’s Smaller Cities Struggle to Unload Empty Apartments
World Asia China Around a third of all newly completed apartments in the country went unsold in 2022 Source link
Extra Space Storage to Combine With Life Storage in $12.7 Billion Deal
WSJ News Exclusive Deals A deal would create the largest storage-facility operator in the U.S. by number of locations Source link
Warehouses Find Insulation From U.S. Banking Crisis
Tight capacity, high leasing rates offer guardrails for industrial real estate, executives say. Source link
Billions in Signature Bank Debt to Be Sold by Newmark
FDIC to tap the real-estate firm to market about $60 billion in the failed lender’s loans, adding pressure the commercial property market. Source link
Distress in Office Market Spreads to High-End Buildings
The owners of a number of high-end properties recently defaulted on their mortgages, highlighting the financial strain from rising interest rates and vacancies. Source link
Fear of Layoffs Is Changing How People Buy Homes
An employment contingency can protect buyers in the event of job losses. Source link