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Apollo Said to Buy Citi’s Real Estate Unit (New York Times) - Apollo Management agreed to buy Citigroup ’s real estate investment unit in a move that will more than triple the value of the private-equity firm’s property assets, a person with knowledge of the deal told Bloomberg News on Tuesday.
Vail Resorts Earnings Drop 33% on Real Estate (Fox News) - Revenue at Vail fell 23% to $300.5 million, primarily caused by a plunge in real-estate revenue.
Brookfield Real Estate boosts Q4 profit, royalties (The Canadian Press via Yahoo! Canada News) - TORONTO - Brookfield Real Estate Services Fund (TSX:BRE.UN) says its net income increased to $1.5 million in the fourth quarter, about seven times higher than it was a year earlier, as the royalties it received from brokerages rose nearly 10 per cent.
Hanoi real estate projects ‘burst open’ (Vietnam Net) - VietNamNet Bridge – Hanoi ’s real estate market has awakened after two months of hibernation by the news that the capital city will have five satellite urban areas. Additionally, the demise of gold trading floors has brought more capital to the real estate market.