The Hoffman Estates, Illinois-based retailer said Thursday that it has identified 100 unprofitable stores, and 72 of them will begin store-closing sales in the near future.
Sears plans to close 72 more stores, according to CNBC. Foreign investment in the U.S. remains strong, Forbes reports. These are among today’s must reads from around the commercial real estate industry.
Almost 4.5 million households -- or 9.1 percent -- owed more than their homes are worth in the fourth quarter of 2017, according to data firm Zillow.
Sears’ parent company has received multiple inquiries about asset sales, according to CNBC. Real estate developers pursue driverless vehicle initiatives, reports the Wall Street Journal. These are among today’s must reads from around the...
Though tax-exempt municipals often finance affordable housing projects, it’s rare for debt with a tax break to finance luxury apartment buildings.
The company sold a San Francisco office tower, 123 Mission St., for about $300 million to Northwood Investors LLC.
The iPhone maker rarely closes a retail store without relocating it.