Top News for Real Estate Pros
Saks-Neiman Marcus Deal Creates Sprawling $7 Billion Property?Portfolio
The proposed deal to combine the Saks Fifth Avenue , Neiman Marcus Group and Bergdorf Goodman is expected to bring the new company, Saks Global, more negotiating power with luxury brands and the ability to cut duplicated costs as the retailers struggle with slowing sales.
This Mortgage Workaround Opens Door to Homeownership for Some Buyers Priced Out of?Market
More homebuyers are opting to assume the seller's mortgage rather than taking out their own loan due to persistently high interest rates, which have made new mortgages unaffordable.
Commercial Property Industry Focuses on What's Next After Labour Victory in?UK
The Labour Party has won the UK election with a sizeable majority, ending 14 years of Conservative Party leadership of the country. Based on the reactions of CRE professionals, the implications of the election could range from shifts in planning and investment priorities, tax changes and relations with the European Union.
Hear What the End of the Chevron Deference Means for?Hoteliers
The U.S. Supreme Court's recent ruling on Loper Bright Enterprises v. Raimondo overturned a 40-year precedent will have wide-reaching effects on federal agencies and the businesses — including hotels — that have to follow their rules.
Former Blackstone Executive Strikes Deal for 29-Story Apartment Tower in Chicago’s Fulton?Market
Centaur Capital Partners, the family office of former Blackstone executive @John Schreiber, is part of a venture under contract to buy a 29-story apartment tower along the eastern edge of Chicago’s Fulton Market.
Must of been “ a cake walk” (Location?)