Office assets in central business districts (CBDs)
A new report from Moody’s warns that about 23 percent of CBD office collateral included in CMBS loans is in weaker CBD markets.
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A 280-year lease agreement allowed the Metropolitan Transportation Authority to buy Grand Central Terminal for $39 million.
(Bloomberg)—For $39 million, you could buy a mansion in New York’s
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Same-store sales in the third quarter fell by 5.4 percent for the department store chain.
(Bloomberg Opinion)—Sound the alarm: Things are even bleaker at J.C. Penney Co. than you already suspected.
The department store
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Looking at cryptocurrency’s emerging role in commercial real estate investment.
There is no doubt that real estate has a history of serving as a lucrative option for investors to generate and store wealth. However,
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Stock market volatility may spur investors to allocate more funds to direct ownership of real estate.
The stock market’s recent rollercoaster, with October’s sharp correction followed by a post-midterm election surge, can
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Sears Holdings is finalizing a $350 million bankruptcy financing, reports Reuters. Amazon claims the tax breaks offered by New York and Virginia weren’t the deciding factor in its HQ2 decision, according to the New York Post. These are
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Scott Olson/Getty Images The retail industry is on track to close out the year with a similar number of store closings as in 2017.
Despite the fact that
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Quicken Loan founder sold Greektown Casino Hotel to publicly-traded REIT Vici Properties Inc. and Penn National Gaming Inc.
(Bloomberg)—Quicken Loans Inc. founder Dan Gilbert agreed
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Justin Sullivan/Getty Images The online giant picked New York and Arlington, Va. for its new headquarters, in what some observers have viewed as a foregone decision.
Amazon.com Inc. officially announced
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D Dipasupil/Getty Images Zell said in April that the real estate cycle was in its 11th inning. His Equity Group Investments is about to exit its fifth company, hospital operator Ardent Health Partners.
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