Commercial Property Executive looks at the real estate industry’s reaction to the new stimulus package. Investors are buying hotels and redeveloping them into rental apartments, reports the Wall Street Journal. These are among today’s must reads...
The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009.
The filing covers a planned 26-story hotel and residential tower across from the Peter Luger Steakhouse.