Dr. Rick C. Ernst
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High End Real Estate

Hudson's Bay to buy US high end retailer Saks in US$2.9-billion deal
www.globalpost.com

“This acquisition will increase our growth potential both in the U.S. and Canada, generate significant efficiencies of scale, add to our powerful real estate portfolio and deliver substantial value to our shareholders.” The Toronto-based company says …

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Argentina's Dollar Restrictions Slam Real Estate Market
reason.com

Two years after President Cristina Fernandez de Kirchner clamped down on Argentines' purchase of dollars, the currency of choice for real–estate transactions, the housing industry is grinding to a halt. While prices soared to records in Sanhattan, a …

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Malta Sotheby's International Realty launches niche property portal
www.maltatoday.com.mt

The demand for luxury residential properties is increasing all over the world and Malta is certainly no exception. Malta Sotheby's International Realty announced the launch of its niche luxury real estate website – one that aims to cater for the …

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US HOT STOCKS: Hudson's Bay, Elan, Michael Baker, Francesca's
online.wsj.com

T, $17.19, +$1.06, +6.56%) in a $2.4 billion deal that is as much about high–end real estate as luxury clothes. Hudson's Bay agreed to pay $16 a share for Saks, a 4.5% premium to the stock's Friday closing price. The acquisition would cap a seven-year …

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Saks isn't a stellar asset for HBC – but there's potential
www.theglobeandmail.com

His message to Canadians: this country has lots of room for another luxury retailer, and HBC's got the real estate for it. Fair point. But let's keep this in perspective. His plan is to open, at most, seven Saks stores here. Yes, there are online …

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Home News Business Hudson's Bay to buy US high-end retailer Saks in…
www.therecord.com

"This acquisition will increase our growth potential both in the U.S. and Canada, generate significant efficiencies of scale, add to our powerful real estate portfolio and deliver substantial value to our shareholders." The Toronto-based company says …

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An Inside Look At DC's Priciest Piece of Residential Real Estate (Photos)
www.washingtonian.com

The fact that its brokers expect to have the mansion sold before the end of the year says a lot about the general vitality of the area's high–end real estate market. The property is listed by Georgetown-based TTR Sotheby's International Realty, and …

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Hudson's Bay to buy Saks for $2.4 billion
www.marketwatch.com

NEW YORK (MarketWatch) — Retailer Saks Inc. agreed to be bought by Hudson's Bay Co. for $2.4 billion, in an all-cash deal that is probably as much about high–end real estate as luxury clothes. Hudson's Bay (TOR:CA:HBC) agreed to pay $16 in cash per …

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Wood Partners Commences Construction on Alta Westheimer Luxury Apartment …
www.azobuild.com

Wood Partners is a national real estate company that acquires, develops, constructs and property-manages high-density and mixed-use communities. It was ranked the nation's No. 2 multifamily developer in 2012, based on 5,100 unit starts. Through quality …

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