The crux of the dispute are two constitutional provisions known as the emoluments clauses that substantially prohibit a president from receiving gifts from a foreign government without the permission of Congress.
MarketWatch looks at Amazon’s impact on rents in Tacoma, Wash. The Street argues Eddie Lampert might end up with a profit even if Sears goes under. These are among today’s must reads from around the commercial real estate industry.
Jerome Powell has been confirmed as the new Federal Reserve Chair, reports NPR. Toys ‘R’ Us will close 180 of its U.S. stores, according to Fortune. These are among today’s must reads from around the commercial real estate industry.
In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot.