August 8, 2017
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$76M for Troubled Retail Assets in UK
Pacific Investment Management Co.’s planned $1 billion initial public offering for a new real estate investment trust has been postponed for nearly a month without word on a potential reboot, but the Newport Beach investment giant is still keeping a close eye on real estate opportunities.
Newport Beach’s Pacific Investment Management Co. reported second-quarter operating profit climbed 17% to 450 million euros.