When the first real estate crowdfunding firms launched about five years ago, they were met by plenty of skeptics. Yet the sector has continued to shake off uncertainty and win over a growing base of sponsors and investors.
Wynn Resorts Ltd. abruptly ended its talks to buy Australian billionaire James Packer’s Crown Resorts Ltd. for A$9.99 billion ($7.12 billion), just a few hours after the discussions were made public.
Edward Lampert wants to buy some Sears Hometown and Outlet stores, reports the Wall Street Journal. CNBC looks at 40 cities where housing prices might decline. These are among today’s must reads from around the commercial real estate industry.
