The Worldâs Largest Public Real Estate Companies 2021
Getty
Global real estate firms rebounded this year, as the panic of the pandemicâs early days appears to have cooled. Of the 31 real estate firms on The Global 2000,
Forbesâ
annual ranking of the worldâs largest and most impactful public companies, more than 80% saw their stocks go up compared to last yearâs list.
For the fourth straight year, Brookfield Asset Management took the top spot on the rankings. The Canadian firm boasts $600 billion in assets under management, including more than 400 million square feet of office, hotel, residential and retail space, but it also invests in renewable energy and infrastructure.
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Chicago is in the midst of a biotech influx, with expansive lab space planned for development. The recent growth can be largely attributed to a year focused on science and medical advancement due to the pandemic. Innovative life science leaders like Jeff Aronin continue to expand and launch companies, investing in the city even during a challenging year.
Watertown Mall sold for $130 million to Alexandria Real Estate Equities
Wicked Local
Rumors have been circulating for a while in the business community that the Watertown Mall was going to be sold, possibly to a life science developer. On April 21, the sale of the property located at 550 Arsenal St., Watertown, owned by Watertown Mall Associates Limited Partnership, to Alexandria Real Estate Equities for $130 million was electronically recorded by the Middlesex South Registry of Deeds.
Alexandria Real Estate Equities has recently purchased several other properties in Watertown including Athena Health in December 2019 for $525.5 million and in July 2020 it purchased the Mount Auburn Health Club in partnership with National Development for $32 million.