“I think, given the complexity and history of Forest City, there are only very few potential buyers out there,” says Paul Adornato, a veteran REIT analyst.
Our 2018 Midyear Review and Outlook special edition includes predictions and insights from more than 45 commercial real estate firms on all aspects of the commercial real estate business.
Fed Chairman Jerome Powell is trying to nurture the second longest U.S. expansion on record by slowly reducing the amount of support that monetary policy provides to growth.
Berkshire agreed to provide a $2 billion loan to Seritage Growth Properties, the real estate investment trust owns Sears stores, as well as properties the department-store chain has vacated.
Steve Roth, chairman and chief executive officer of Vornado Realty Trust, said his company, one of the largest owners of Manhattan street retail, is doing just fine.
Wells Fargo agreed to pay $2.1 billion for its role in the housing bubble, The Associated Press reports. San Francisco officials want to ban cafeterias in newly constructed office buildings, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
