CRE Business

Firms are still investing in co-living units. But the sector has gone through a transformation in the past few years.

Related Cos. is teaming up with Wynn Resorts Ltd. to pursue one of three gaming licenses for New York’s downstate area. Competitors include SL Green Realty Corp., which has proposed a casino project in Times Square in partnership with Caesars...

The public pension, the second biggest in the nation, is offering $15.7 million in tax-exempt bonds via auction Wednesday. Calstrs’s new headquarters is considered an investment for the pension, which has a prodigious $297.6 billion under management.

A question looming over the industry is whether the legislation will get renewed or if the benefit will fade once the law expires.

Office loan delinquencies and distressed office sales remain subdued, though the sector is facing headwinds.

The Manhattan-based landlord on Monday revealed further details of its casino bid, which includes partnerships with Caesars Entertainment Inc. and Roc Nation, the entertainment agency founded by Jay-Z.

November marked the second consecutive month of total return growth for the FTSE All Equity REIT index.

Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.