A real estate succession plan built over two decades

With Personal Assets Trust (LSE: PNL), Capital Gearing (LSE: CGT) and Ruffer (LSE: RICA) all losing value after inflation, many investors who turned to wealth preservation trusts over the past five years will have been disappointed. In that time, UK inflation – as defined by the consumer price index (CPI) – has averaged 5% per…

US spy chief visits Russia for meetings, media reports

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A new company brings a new name.  Two months after multifamily giants AvalonBay Communities and Equity Residential merged to form one of the country’s largest real estate companies — the total enterprise value is calculated at $71 billion — the two firms announced Friday that their new company will be called Vivmark Residential.  SEE ALSO:…

SDC Capital Partners has signed a new office lease just south of Manhattan’s Union Square, Commercial Observer has learned. The global digital infrastructure investment firm is taking 22,531 square feet of office space at Savanna’s 799 Broadway, according to a source with knowledge of the deal. The lease seems to represent a minor relocation for…

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