Forbes looks at the strength of the self-storage sector. Taubman Centers is facing pressure to consider options such as privatization, reports CNBC. These are among today’s must reads from around the commercial real estate industry.
In Trump’s Washington, there will be the world’s first politically motivated hotel, the flagship for a global brand that’s built around social activism and community engagement.
Brookfield's offer of $23 a share is a large discount to what GGP’s portfolio of high-end malls is worth, Wall Street analysts said.
Over the weekend, $21 billion GGP received a bid from its biggest shareholder, Brookfield Asset Management Inc. And Macerich may be pushed into the arms of a suitor.
Republicans are now proposing to reduce the individual income taxes paid by pass-through owners by about $450 billion over 10 years.
Senator Chuck Grassley of Iowa also said Thursday that he thought the Senate Finance Committee would deal with changes to carried interest through an amendment to the existing plan.
The New York-based hedge fund owns almost 5 percent of the REIT and is expected to agitate for change at the company, which could include a potential sale.