Sydney and Paris —Europe’s largest commercial property firm Unibail-Rodamco is set to acquire U.S. and U.K. mall owner Westfield Corp. (ASX: WFD) for $15.7 billion. Paris-based Unibail-Rodamco owns and operates a portfolio of 69 shopping centers across major European cities including Paris, Madrid, Stockholm, Amsterdam, Munich, Vienna, Warsaw and Prague. Sydney-based Westfield operates 35 malls
As the Waldorf-Astoria in Beverly Hills opens, there’s specific design elements that can be really attractive. The new industry standard is to create a rooftop vibe. Two new Manhattan hotels feature one of the hottest and most highly coveted amenities in the hospitality industry: rooftop venues that offer food, drink, entertainment and spectacular views. The
The implications of Amazon’s $13.7-billion Whole Foods Market purchase will go significantly beyond the world of grocery stores, potentially reshaping retail districts in downtowns and suburban shopping areas across America. Not long ago, the typical American strip mall had a video store, music store and a supermarket. However, Napster and iTunes slayed the neighborhood music
What is Cap Rate? Simply put, Cap rate is the percentage of return from an investment based on the income the property is expected to generate. It is calculated when you divide the NOI (Net Operating Income) by the total acquisition costs (or the price paid for the property). The purpose of finding the cap
The Burbank Empire Center has sold for over $133 million, as reported by CoStar Group Inc. The 350,000-square-foot, Class A office at 2300 W. Empire Ave. transacted in the range of approximately $380 per square foot to New York Life Real Estate Investors in San Francisco, the real estate company of a subsidiary of New
We are pleased to announce the launch of our new website on March 21, 2017. DMC Real Estate created this platform to better serve the needs of our clientele with a mobile-friendly design and easy access to contact information. The website highlights investment properties nationwide, showcasing our commitment to helping investors explore opportunities across