NREI WIRE

Brookfield will acquire a 62 percent stake in the distressed debt specialist for about $4.7 billion.

U.S. construction spending surged to an eight-year high in January, reports Reuters. The New York Times looks at who will benefit from marijuana legalization in New York and New Jersey. These are among today’s must reads from around the commercial...

Green features such as energy-efficient light bulbs and low-flow toilets significantly cut utility bills for apartment renters, according to a Fannie Mae report.

Potential rent increases at biotechnology and other life-science buildings are attracting more large property investors, according to the Wall Street Journal. A tax on second multimillion-dollar homes in New York edges closer to reality, reports...

The data center boom in Northern Virginia has dramatically increased demand for power.

Tesla has rethought its decision to close most of its bricks-and-mortar locations.

Asking office rents for properties in the Hudson Yards neighborhood have jumped 40 percent in a year, according to CBRE.

The New York Times looks at the incentives packaged received by the Hudson Yards project. MarketWatch ranks the best places to live in 2019. These are among today’s must reads from around the commercial real estate industry.

States including Michigan, Ohio and Connecticut are coming up with their own ways to raise money for new infrastructure.

Ian Schrager is investing in Times Square with a new 452-room hotel, with a nightclub.