666 fifth ave

Kushner Partner Says Teardown of Fifth Avenue Tower Unlikely

(Bloomberg)—A Kushner Cos. plan to salvage its indebted marquee Manhattan office tower by replacing it with one twice as tall doesn’t make sense, the building’s co-owner said, dealing a likely death…
Manaforte

Rick Gates Terminated by Barrack's Colony after Indictment

(Bloomberg)—Rick Gates, charged today with multiple counts of money laundering, tax fraud and illegal foreign lobbying, was fired by real estate company Colony NorthStar Inc., where he had been a consultant…
Waldorf

10 Must Reads for the CRE Industry Today (October 31, 2017)

Sources say Jerome H. Powell will be appointed as the next Fed chair, reports The New York Times. Chinese government’s restrictions on overseas investment have made an impact on the global commercial real estate market,…
Women CRE Executives

Top 11 Women CRE Executives

At the executive level in the commercial real estate industry, it’s a man’s world. While residential real estate boasts a higher female-to-male ratio, diversity lags on the commercial side. Some progress has been made in recent…
Minneapolis

Apartment Developers Search for New Project Opportunities

For years now, experts have worried that the apartment market may finally become overbuilt. As developers plan to build even more new units, they search for markets and product types that have not been…
Brookfield Square mall in Wisconsin

Mall Owners Work to Reclaim Retail Wasteland with Public Money

(Bloomberg)—At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been tinkering with the mix for the past few…
Shadow

Shadow Banking Gets Bad Rap, So Treasury Wants to Erase the Term

(Bloomberg)—Firms such as Blackstone Group LP, Apollo Global Management LLC and Fortress Investment Group LLC are often slapped with the vaguely sinister label, shadow bank, because they provide financing…
money-pie

Rent Is Eating Up a Record Share of Americans' Disposable Income

(Bloomberg)—If it feels like the rent keeps going up, you’re not alone: The share of U.S. disposable income that went toward such spending totaled 3.81 percent in the third quarter, marking the highest…
macys

10 Must Reads for the CRE Industry Today (October 30, 2017)

Maryland’s attorney general is investigating one of the Kushner family’s real estate businesses, reports CNN. U.S. consumer spending grew at the fastest pace in September since 2009, according to Reuters. These are…
Manaforte

Manafort Cash Flowed to Pricey Brooklyn, Soho Homes, U.S. Says

(Bloomberg)—For the past five years, Paul Manafort has been on a real estate tear, investing in properties from New York to California, and then borrowing heavily against some of them. Turns out, according…