deblasio

Stringer Says de Blasio's Affordable Housing Plan Not Enough

(Bloomberg)—New York Mayor Bill de Blasio’s affordable housing program has not benefited enough of the city’s lower-earning working and homeless families and requires a massive infusion of…
bankruptcy

Sears Workers Ask Lampert to Keep Jobs and Stores

(Bloomberg)—Employees of Sears Holdings Corp., inspired by the hardship fund for workers affected by the collapse of Toys “R” Us Inc., are asking Chairman Eddie Lampert and the firms involved…
interest rate

Today's Top Commercial Real Estate News Items for November 30, 2018

Malls face more trouble thanks to another wave of store closures from stores like Gap and Victoria’s Secret, according to CNBC. The personal details of up to 500 million Marriott guests have been hacked, The New York…

Experts Talks About Ways to Mitigate Damage from Wildfires

With California’s two catastrophic fires finally contained, insurers are beginning to assess damages, according to Tami Casey, Northern California regional director for Interstate Restoration,…
eb5-visa

EB-5 Program Can Expose Foreign Investors to Fraud

As the EB-5 Immigrant Investor program faces another extension deadline, litigation related to alleged fraud is shining a spotlight on the program’s flaws. The EB-5 program allows foreign investors…
Opportunity Zones

Opportunity Zone Deal-Making with Reonomy

Sponsored by Reonomy The industry is abuzz with Opportunity Zones. Established in 2017, the government program encourages development in low-income and under-developed areas throughout the nation…
airplane

HNA to Sell Some U.S. Property Assets

(Bloomberg)—HNA Group Co. is putting more of its aviation and property assets on the block, marketing more than $40 billion of domestic and international holdings as the Chinese conglomerate races…
parcel

Start-Up CEO’s Departure Derails Walmart’s New York Delivery Plans

(Bloomberg)—The chief executive officer of Parcel, the New York City delivery company owned by Walmart Inc., has departed, dealing a blow to the retailer’s push into the grocery business in…
Federal Reserve Building

10 Must Reads Items for CRE Investors on November 29

Federal Reserve officials have outlined risks to the U.S. financial system, reports the Wall Street Journal. U.S. apartments are getting smaller, while rents are rising, according to MarketWatch. These are among the…

Simon, Macerich, Taubman Post Solid Third Quarter Performance

While the retail sector continues to face challenges, REITs that own top-tier malls are posting solid performance numbers and respectable earnings. Regional mall REITs can be a solid investment,…