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What Would Going Private Mean for Hudson’s Bay?

Hudson’s Bay Co., owner of department store Saks Fifth Avenue, has entered into an agreement with a group of investors to be taken private. The move comes after the investment group, spearheaded…
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Five Must Reads for the CRE Industry Today (October 31, 2019)

San Francisco passes legislation to double fees on office development, reports the San Francisco Chronicle. A bankruptcy judge will rule on the fate of Barneys…

Another Interest Rate Cut Will Help Hold CRE Values

The Federal Reserve opted to cut interest rates for the third time this year at its October meeting, by a quarter percentage point, to a range of 1.50 to 1.75 percent. But while lower rates should…
The MGM Grand which opened in 1993 is the undisputed behemoth of the hospitality world with 6198 rooms The 30story tower rises 208 feet high and features more than 170000 sq ft of casino space a number of highprofile restaurants including Michelinrated Joel Robuchon Restaurant Tom Colicchios Craftsteak and Wolfgang Puck Bar  Grill a 16800seat event arena a 380000sqft convention center and a collection of shops And what kind of a Las Vegas hotel would be complete without a weddin

MGM Wants to Sell MGM Grand Before Year-End

(Bloomberg)—MGM Resorts International expects to announce a buyer for its flagship MGM Grand resort in Las Vegas by the end of year, marking one of the final steps toward its goal of becoming…
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Construction Halted on Oceanwide Plaza as Chinese Developer Struggles

(Bloomberg)—It’s meant to be one of the crown jewels of downtown Los Angeles’ urban renaissance but now it’s in limbo -- plagued by lawsuits from subcontractors, and victim of an ongoing…
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Empty Stores Force Retail Landlords to Get Creative

(Bloomberg)—The empty site of a former Toys “R” Us in Queens, New York, has risen from the dead—at least temporarily. Through Nov. 2, the abandoned store in Flushing is home to “Zombies…
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10 Must Reads for CRE Investors on October 30, 2019

Wall Street Journal looks at the impact of a potential rate cut. WeWork invests in an electronic-gaming business, reports Bloomberg. These are among today's…
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Wellness Features Are Becoming a Must Have for Hotels

The impact of wellness features on the revenue of a hotel is no longer limited for very high-end hotels or luxury resorts, according to industry sources. “Hotels are using wellness to distinguish…
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30+ Days CMBS Delinquency Rate Dips Again in September

As industry researchers expected, the 30+ days CMBS delinquency rate continued trending down in September. The all-property delinquency rate declined by 3 basis points during the month to 2.51 percent,…

Tips For Ensuring CRE Property Data Integrity

If you’re like many property owners and managers, the reams of information that set your back-office up for success are spread across multiple locations on spreadsheets, CRM programs, homegrown systems, Word doc…