The property, 666 Fifth Ave., lost $25 million in 2017, after accounting for debt payments, as net income fell and interest on loans increased.
The continued willingness of large investors to increase their holdings in retail real estate comes as the sector finds itself splitting into haves and have-nots.
The Bethesda, Maryland-based owner of 41 upscale hotels hasn’t publicly said that it’s exploring strategic alternatives.
New York Federal Reserve President William Dudley discounted the possibility of more than four interest rate increases in 2018, according to CNBC. The New York Times looks at the risks earthquake-prone San Francisco is taking with the...
Apparel and accessories retailers need to find new ways to entice the consumer, including creating a differentiated in-store experience.
The fund, the eighth of a series driven by a so-called value-add real estate investing strategy, will be known as LaSalle Income & Growth Fund VIII.