Seeking to cash in on its most valuable real estate asset, Macy Inc.’s CEO Jeff Gennette confirmed that the department store retailer is considering plans to build a 1.2-million-sq.-ft. skyscraper on top of its Herald Square flagship store in Manhattan, Bloomberg reported last week.
HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.
Investors in single-family rentals (SFRs) have always played a significant role in the U.S. housing stock, accounting for about one-fourth of all rental units prior to 2008.
Google has made no secret of its plans to dramatically expand its workforce in New York, buying and leasing real estate so it can house thousands more employees in the city.
The Fed has signaled that no interest rate hikes are coming for some time, reports CNBC. MarketWatch looks at the retirement community of the future. These are among today’s must reads from around the commercial real estate industry.
