J.C. Penney released a prepared statement on July 19 saying it had not hired strategic advisers to prepare for an in-court restructuring or bankruptcy. The company executives said it “routinely” hires external advisers to evaluate opportunities for the company.
Developers in the U.S. continue to build more low-rise apartment buildings than any other type of construction. That includes a high volume of new garden-style apartment buildings—often three-story “breezeway” apartments.
Contract signings to purchase previously owned U.S. homes rose in June by the most in three months, indicating demand may pick up with the help of lower mortgage rates and steady job growth.
The L Street Power Station provided Boston with electricity for more than a century, burning coal and belching fumes into the sky. Mostly mothballed in 2007, it may soon be reborn in a much different form.
A new breed of real estate investors is going after properties damaged by natural disasters, reports the Wall Street Journal. The New York Times looks at how “developer” became a dirty word. These are among today’s must reads from around the commercial real estate industry.
