Prepare for a much leaner and meaner commercial mortgage-backed securities market in 2008. Domestic CMBS issuance this year is expected to drop by more than 50% to $108 billion, down from a record $223.8 billion in...
For decades, Manhattan's Financial District held zero cachet as a shopping destination. Its crooked street grid, which bears little in common with the uniform retail corridors of Madison Avenue and Fifth Avenue, didn...