Wang Jianlin

State of the Union Address Remained Vague on Infrastructure Plan

During his first State of the Union address, President Donald Trump asked Congress to adopt a $1.5 trillion bill to fix America’s aging infrastructure. However, there were no details on how the plan,…

Can Power Center Landlords Handle Toys ‘R’ Us’ Retreat?

Few retail real estate insiders were surprised to hear that Toys ‘R’ Us will close 180 stores in the U.S., especially after the retailer weathered a disappointing holiday shopping season, following…
merger

Brookfield Is Said to Be in Talks to Buy Forest City Realty

(Bloomberg)—Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, is in talks to acquire Forest City Realty Trust Inc., people familiar with the matter said. Negotiations between…
Kamprad

Ikea Fortune Falls to No One After Billionaire Founder's Death

(Bloomberg)—When Ikea’s Ingvar Kamprad died Saturday at age 91, he was ranked No. 8 on the  Bloomberg Billionaires Index thanks to his control of a global retail fortune valued at $58.7 billion. His…
Brooklyn Navy Yard

Brooklyn Navy Yard to Unveil $2.5 Billion Vision for Tech Hub

(Bloomberg)—America may never recover its glory as a manufacturing powerhouse, but the Brooklyn Navy Yard is doing what it can, transforming itself from a 20th-century warship builder to a 21st-century…
Harold Cunningham/Getty Images

10 Must Reads for the CRE Industry Today (January 31, 2018)

Developers are starting to plan for a driverless future, the Wall Street Journal reports. Landlords are evolving to meet a new set of tenant demands, according to Forbes. These are among today’s must reads from around…
chart-improving

Lending Environment Shows Promise for Borrowers, According to CBRE

A just released survey from real estate services firm CBRE shows overall lending environment has improved over the past year. CBRE’s Lending Momentum Index, which tracks loans originated or brokered by…
tax cut

LIHTC Market Faces “Mild Turbulence” Ahead

Investors and developers in the Low-Income Housing Tax Credit (LIHTC) market are adapting to a dramatic drop in pricing over the past year and expecting more uncertainty ahead. The main concern is that…
Freddie-Mac

Fannie-Freddie Bill Includes Billions for Affordable Housing

(Bloomberg)—A Senate bill to overhaul the U.S. mortgage-finance system would devote billions of dollars to boosting home ownership among lower-income borrowers, according to a recent draft obtained by…
Wang Jianlin

Wanda Is Said to Put Two U.S. Property Projects Up for Sale

(Bloomberg)—Chinese billionaire Wang Jianlin’s Dalian Wanda Group Co. has put its last two overseas property developments up for sale, according to people familiar with the matter, in the latest unwinding…