Mirae Said to Emerge as Lead Bidder for Anbang Hotel Portfolio

Aug 12, 2019

The South Korean asset manager might value the properties at more than $5.5 billion.

Empty Storefronts Jolt NYC Council into Action on Small Business

Aug 12, 2019

Vacancy for mom-and-pop stores ranges from 5 percent to 20 percent, depending on the neighborhood.

Department Stores (M, DDS, JCP) Fall on Holiday Sales Warning

Aug 12, 2019

Analysts expect a less-than-merry holiday season for department stores.

U.S. Pension Returns Trail Targets for First Time in Three Years

Aug 12, 2019

U.S. public pension funds fell a percentage point in their investment targets for the year ending June 30.

Foreign CRE Investors Benefit from Lower Hedging Costs

Aug 12, 2019

The lower costs could lead to an uptick in foreign investment in U.S. real estate.

10 Must Reads for the CRE Industry Today (August 12, 2019)

Aug 12, 2019

As more high-rises develop, the $70 billion elevator market is expected to grow even more spurred by technology, reports the Wall Street Journal. Crown Heights, Brooklyn experiences a wave of luxury development, according to the New York Times...

The Hotel Sector May Be Looking at a Slowdown in Revenue Growth

Aug 12, 2019

Fewer foreign tourists and a high construction pipeline expected to lead to less revenue growth for hotel operators for the remainder of 2019.