News

Jonathan Grayer’s New York Mansion Asking $16 Million (PHOTOS)

Jonathan Grayer, former CEO of education giant, Kaplan Inc. has reportedly listed his waterfront mansion in Rye, New York for $16 million.

Morgan Stanley Hoping to Raise $3 Billion for Global Property Fund

Morgan Stanley, the international leader in financial services is reportedly gearing up to revive one of its property funds, Morgan Stanley real estate funds (Msref) to take advantage of a strengthening economy and property market. It hopes to raise capital worth $1 to $3 billion from potential investors for the global fund.

American Realty Buying CapLease for $2.2 Billion

American Realty Capital Properties (ARCP), a popular Real Estate Investment Trust (REIT) has agreed to purchase CapLease Inc, another REIT for $2.2 Billion, including debt, according to several reports.