National Commercial Real Estate News From CoStar Group
Archstone Seeks to Raise $3.5B in IPO
Archstone Inc. announced Monday it plans to raise $3.45 billion through an initial public offering, trading on the New York Stock Exchange under the symbol ASN.
The Englewood, CO-based company, owned by Lehman Bros. Holdings Inc., did not disclose the number of shares it plans to sell or the price per share, or when the offering would launch. If it prices as stated in a filing by Archstone with the U.S. Securities and Exchange Commission, however...
Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013
For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.
Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...