Blackstone to Buy BioMed Realty in $8 Billion Transaction

October 08, 2015 ·

BioMed Realty Trust, Inc. (NYSE: BMR) said Oct. 8 that private equity firm Blackstone Group L.P. has agreed to acquire the life sciences office and lab space REIT in an all-cash transaction valued at $8 billion.

Blackstone’s real estate arm, Blackstone Real Estate Partners VIII, will pay $23.75 for each outstanding BioMed common share. This represents a premium of about 24 percent above the closing stock price on Sept. 22, the last date before speculation began about a potential sale of the company.

Evercore ISI REIT Research Team Tops Analyst Rankings

October 08, 2015 ·

Evercore ISI Group took first place honors in Institutional Investor magazine’s annual awards honoring the top REIT analyst teams.

The eight-member Evercore ISI team is led by Stephen Sakwa. ISI, which Evercore acquired in October 2014, held the top spot from 2010 to 2014.

Second place was awarded to the 11-member team at Citi, led by Michael Bilerman. This is the sixth consecutive year the Citi team has held second place.

Bank of America Merrill Lynch’s 10-member team, led by Jeffrey Spector, took third place for the third consecutive year.

Survey Forecasts Favorable Real Estate Conditions for Next 3 Years

October 06, 2015 ·

The commercial real estate market is set to enjoy mostly favorable conditions through 2017, according to the latest three-year consensus forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate.

While the latest semi-annual outlook is slightly less bullish compared with six months ago, the majority of indicators in the forecast signal favorable economic conditions and capital markets in the United States.