Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries.
Unibail Rodamco Westfield and Hammerson Plc reported earnings that rebounded in the first half of the year as the impact of the pandemic subsided more quickly than expected.
The number of riders using the 59th Street stop has been declining for years now. Since 2014, it’s down more than 50 percent. The lockdowns, coupled with the unhurried return of office workers, only served to exacerbate that downturn.
Multi-Housing News looks at the prospects for the U.S. apartment rental sector. Neiman Marcus outlines its new ‘corporate hubs’ strategy. These are among today’s must reads from around the commercial real estate industry.
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