real estate News

Chubb Restructures Real Estate and Hospitality Practice

Chubb has restructured and made several appointments in its its Real Estate and Hospitality practice. As part of this new structure, the following appointments are effective immediately: Seth Gillston, Chubb’s existing Mergers and Acquisitions and Private Equity practice leader, has …

Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments

The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK banks and building societies had around …

Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years

Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund …

MarketScout Adds McGowan Program Administrators as Market Specialist

MarketScout, an insurance distribution and underwriting company headquartered in Dallas, announced that McGowan Program Administrators (MPA) has joined the MarketScout Exchange as a certified market specialist for community associations, hospitality and real estate. The MarketScout Exchange specializes in connecting thousands …

AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower

AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the project because we …

Washington-based Zillow to Settle Trade Secret Suit by Move Inc. for $130M

Seattle, Wash.-based real-estate information website Zillow is paying $130 million to settle a lawsuit brought by rival Move Inc. The Seattle Times reported that the settlement was disclosed in securities filings earlier this week, ending more than two years of …

Ironshore Establishes Real Estate Industry Practice, Taps Mazman to Lead

Ironshore Inc. has named Edward Mazman to lead the newly-established Real Estate Industry Practice group. Mazman, based in Boston, will assume the role in addition to his current responsibilities serving as executive vice president of the Ironshore U.S. Property unit. …

China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex

Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter said. Fosun and Ping An, China’s second-largest insurer, …

Rachel Cotton Appointed Real Estate Director at RSA

RSA, the London-based insurer, has appointed Rachel Cotton as real estate director for RSA’s Risk Managed Business. Cotton has worked at RSA for over 25 years across a variety of areas including technical and specialist claims, sales and marketing for …

Southern California’s Construction Sector Continues to Heat

Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …