For years, apartment experts predicted that yields on investments in apartment rental properties would rise. Years passed, but cap rates in the sector remain historically low, and are getting lower.
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A deal-making cancer doctor who sold his pharmaceutical company for almost $12 billion is launching a real estate venture to bolster the growth of the biotechnology industry.
Blackstone is in talks to buy one of the world’s largest building materials suppliers, reports the Wall Street Journal. Deutsche Bank will downsize its new space at Time Warner Center, according to the New York Post. These are among today’s must reads from around the commercial real estate industry.
