News

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.

Justin Bieber Annoying Calabasas Neighborhood Residents

Once again, teen heartthrob, Justin Bieber and his famous neighborhood in Calabasas, California is in the news. However, this time it is not because some random show producer wants to invade the residents’ privacy or another celebrity buying a home in the area.