NREI Daily
Wealth Management FinTech
 

OCTOBER 3, 2018

Top Story

Retail

Mall and Lifestyle Center Absorption Turns Negative for the First Time Since 2010

Department store closures are starting to catch up with retail property fundamentals.

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Analysis

Finance & Investment

Make Sure There’s Someone Answering the Phone—How HNW Investors Should Screen Online CRE Investment Platforms

A proven track record in past deal-making and ability to talk to a professional on the phone should be among the requirements, according to co-founders of EquityMultiple.

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NREI Wire

Toys ‘R’ Us Lenders File Plan to Revive Brand, Reopen Stores

In a bankruptcy court filing, the retailer’s lenders said they are seeking to reorganize assets into a new company that can invest in new retail operating businesses.

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John Hancock Sells Farmland to Bill Gates in Record Deal, Report Says

The deal marked the most expensive land sale in the U.S. year-to-date in 2018.

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New York Tax Department Probes Trump Taxes From Decades Ago

There is no statute of limitations under New York Law for pursuing civil cases against tax evasion.

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10 Must Reads for the CRE Industry Today

A New York Times investigation found that President Trump received hundreds of millions of dollars from his father’s real estate empire, thanks to tax dodges. Kroger and Walgreens announced a pilot program where shoppers can pick up their online grocery orders at the pharmacy locations, CNBC reports. These are among today’s top must reads from around the commercial real estate industry.

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