Last month, Opendoor Labs, a technology company with an online real estate platform, announced plans to list publicly through a merger with Social Capital Hedosophia Holdings II, a special purpose acquisition company. [more]
The Company announced that it has entered into an agreement to acquire Property Information Exchange for £31.0M (C$52.9M), in an all-cash deal. Concurrent with the acquisition, Dye & Durham raised C$50M from a bought-deal financing. [more]
SPG attempts to buy J.C. Penney and ABG raises $600 million to acquire distressed retail brands, while SPG and ABG’s JV called SPARC Group makes moves to win bids on bankrupt retail assets, including Brook Brothers and Lucky Brand. [more]
The commercial real-estate market was significantly impacted by the COVID-19 pandemic, leaving retail businesses and tenants unable to pay rent as sales dried up. As tenants vacate stores, the U.S. outdoor shopping center market net absorption reached a record low of negative 7.7 million square feet. [more]
Canada’s newest tech darling closed up 80% in its first week of trading. Oversubscribed offering grows to $172.5M from $100M. The Company’s customers include top tier financial institutions and law firms serving customers in Canada and the UK. [more]
Gold, Real Estate and VIX are additions in this month’s Seasonality Report. Although market assessment has been turned upside down, there are still useful strategies to employ in composing a profitable portfolio in highly volatile markets like those that we have been experiencing. One such strategy is using seasonality trends as a guideline. [more]
As corporations across numerous industries continue to sit back and assess an uncertain economic future, the M&A environment is diverging between highly impacted companies pulling out of deals, while well positions companies with large cash balances take opportunities. [more]
Although the lockdowns forced several retail companies to close physical stores and focus on building online sales, the industry has already been on a transition out of brick-and-mortar operations as Best Buy (NYSE: BBY), Target (NYSE: TGT), and Walmart (NYSE: WMT) focus on their e-commerce platforms. [more]
The pandemic may have slowed down demand for office spaces temporarily however, overall supply in the market maintained stability. According to Altus Group, a commercial real estate services firm, in Q1/2020, the vacancy rate in Canada dropped to 9.5% compared with 10.3% year-over-year. [more]
All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]
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