REITs and brokers jump into equity markets despite symptoms of late cycle CRE

Markets1 px230 x 150 for gc
By Alexander Saeedy
02 Aug 2018

Commercial brokerage firm Cushman & Wakefield closed an initial public offering on Thursday, becoming the latest real estate firm to go public this year as many mull how to make the best of a market that is still delivering substantial returns, but showing a few signs of wobbling.

C&W raised $765m with the IPO, with shares in the company jumping as much as 7% from their initial offering price of $17 as they traded on the New York Stock Exchange.

The firm said it will use the proceeds from the IPO to pay down some of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial