According to Special Counsel Robert Mueller, Manafort was using the properties to launder money he earned working for Ukrainian politicians.
President Donald Trump’s Treasury Department now says that’s downright unfair and wants global regulators to stop using the term when describing investment giants.
In this depressing landscape, there is at least one player still willing to take the risk: local governments hungry for tax revenues.
With big companies reducing space and new towers rising across New York, office owners are trying to attract tenants by lowering asking rents.
CVS is in negotiations to buy health insurance Aetna, reports The New York Times. Forbes offers tips on how to grow your real estate portfolio. These are today’s must reads from around the commercial real estate industry.
Paradise Park, as the project is called, will feature LED-lit bumper cars that make crashing sounds and are chased around an oval by fake police officers.
Investors still have a lot of cash to burn through, but are searching for higher yields.
The center is being developed in Allen, Texas on more than 65 acres of land.
The agreement brings some respite to the Toronto-based owner of Saks Fifth Avenue, which has been cutting thousands of jobs.