Mike Phillips
Bisnow
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Past articles by Mike:
Distress Investor Seeks $6B For New Fund As Market Turns
Lone Star is targeting $6B of equity for its next fund. → Read More
‘Shy Beasts’ And Where To Find Them: Attracting Life Sciences Tenants In A Tougher Financing Market
2022 was a huge year for UK life sciences real estate take-up, but in 2023, occupiers will find it harder to expand. → Read More
Lender Chasing £61M After Giant Resi Site Collapses
The scheme had planning permission for 1,500 new homes. → Read More
$315M Blackstone Portfolio Loan Goes Into Default
Blackstone could not agree a loan maturity extension with lenders. → Read More
The Idea That Prime Property Outperforms Is A Myth, New Research Says
Returns for prime and average quality property are going to be the same for the next five years, per AEW research. → Read More
Loan Maturity Prompts £250M Sale Of London’s Most Expensive House
If The Holme sells for £250M it will become London's most expensive house. → Read More
Brookfield Sees $825M Wiped From Value Of Office Portfolio, But Shows Debt Market Is Open
Brookfield’s property division saw the net value of its office portfolio drop by $825M last year, due mainly to the impact of rising cap rates. But it also managed to raise new debt recently in spite of the volatility in financing markets. The Canary Wharf estate in east London Brookfield Property Partners, the division that owns Brookfield’s office and retail properties as well as stakes in its… → Read More
‘It Takes A Decade’: How A $124B Real Estate Giant Rebuilt Itself
Isabelle Scemama plans to keep AXA investing in residential and logistics and build platforms in other alternative real estate sectors. → Read More
Expanded Training Course Aims To Give Real Estate The Skills Needed To Fight Climate Change
Staff with ESG skills are seeing 20% salary uplifts when they move jobs. → Read More
New Investors, A Suburban Push And Dealing With Rent Control: What A BTR Giant Did Next
Get Living is expecting rental growth to moderate, but continue to tick up. → Read More
Hedge Fund Boss Says Shorting Office Loans Is The Next Big Real Estate Bet
Marathon's Bruce Richards believes CMBS bonds secured against office loans are worth betting against. → Read More
Bondholders Say No To Blackstone Loan Extension Request
Threshold for approval of loan extension not reached → Read More
Hedge Fund Buys Into Discounted WeWork Debt
WeWork's outpost at 30 Churchill Place in Canary Wharf Hedge fund King Street Capital Management has bought into the debt of flexible office provider WeWork, which is trading at a deep discount to its face value. King Street is snapping up WeWork’s bonds ahead of a refinancing deadline of 2025, The Sunday Times reported. The refinancing is not imminent, but the discount at which the bonds are… → Read More
Invesco Makes UK Single-Family Rental Push As Housing Market Slump Helps Sector
Invesco and Oxford Properties are moving into SFR after starting in BTR. → Read More
EXCLUSIVE: Hines To Exit $2.3B Russia Business As Real Estate Works Through Post-War Breakup
Hines confirms it is selling Russian assets a year after the country's invasion of Ukraine. → Read More
New WeWork Data Shows Office Demand Spiking Along The Elizabeth Line
Demand for desks has risen 28% along the Elizabeth Line, WeWork said. → Read More
Amazon To Sublease UK Warehouse Space Amid Flagging Sales
A site in Bracknell could be among the first to see space put on the market. → Read More
EXCLUSIVE: Gender Balance In Senior Real Estate Leadership Roles Is Getting Worse
The proportion of women in real estate drops significantly between middle management and senior leadership. → Read More
Singaporean Investor Lines Up Biggest London Deal Since The Summer
The acquisition of St Katharine Docks would be among London's biggest new office deals since interest rates spiked. → Read More
EXCLUSIVE: Blackstone Seeks Loan Extension As Market Instability Thwarts £450M Portfolio Sale
Blackstone seeks a one-year extension to try and sell or refinance a portfolio of assets. → Read More