The Fed held rates steady at last meeting headed by Janet Yellen, reports the Wall Street Journal. Forbes looks at real estate investment cash flow killers. These are among today’s must reads from around the commercial real estate industry.
Negotiations between Toronto-based Brookfield and Forest City are ongoing and could still fall apart, said sources who asked not to be identified.
The new building plan is for 5.1 million more sq. ft. A little more than half of it will be in a single complex with about the total square footage of the Empire State Building.
Ingvar Kamprad’s heirs will have a more meager fortune derived from family-owned Ikano Group, a collection of finance, real estate, manufacturing and retail businesses.
The new proposal includes an explicit guarantee of mortgage-backed securities provided by the U.S. government through mortgage agency Ginnie Mae.
Wanda is seeking buyers for a hotel, office and apartment complex in Chicago and a development in Beverly Hills, Calif.
Wynn Resorts has lost $3 billion in market value since sexual misconduct accusations against CEO Steve Wynn were made public, reports the Wall Street Journal. CNBC looks at the country’s 10 most valuable malls. These are among today’s must reads...
Democrats’ call for more funding comes in addition to the tax measure costing $1.5 trillion over 10 years, and Republican leaders say they don’t want a big spending bill.
The deal includes a 117,00-sq.-ft. building on a full city block at West Sixth Street.
The board has been criticized for overpaying Wynn and other executives while allowing perks such as corporate jets.