NREI has selected the following office markets as the most likely to show resilience in the event of a recession or a downturn, based on insight supplied by Richard Barkham, global chief economist with real estate services firm CBRE, Alan Pontius, senior vice president and national director with Marcus & Millichap, and Greg Kraut, managing partner with KPG Funds, a real estate private equity platform.
Hudson’s Bay Co. Chairman Richard Baker may scrap an offer to take the struggling retailer private after regulators delayed a vote on the deal following complaints from a minority shareholder.
For decades, the U.S. has required banks to steer a portion of their money to people in poor neighborhoods. Now, under proposed rule changes, banks may finance upgrades to sports stadiums, call it helping the poor -- and potentially even get a generous tax break.
Homebuilder confidence jumped to the highest reading since 1999 in December, reports CNBC. Neiman Marcus is opening selling stations inside four of its stores for customers to re-sell their luxury items, according to Ecommercebytes.com. These are among today’s must reads from around the commercial real estate industry.
