The Rivington House deal, netting by far the largest sum received by the city for a deed change during the de Blasio administration, went largely unnoticed, despite community efforts to retain the building as a long-term care center....More
Apollo Global Management opted to forego investment in Nick Schorsch’s AR Capital, reports Bloomberg. New York Post argues for the U.S. government to recapitalize Fannie Mae and Freddie Mac. Crain’s New York Business looks at the dangers of construction in the city. These are among today’s must reads from around the commercial real estate industry....More
The SEC is looking into private equity real estate funds for hiring practices that may boost the fund managers’ fees at the expense of investors, reports Bloomberg. Pensions & Investments reveals that global real estate asset growth is back to pre-financial crisis levels. Supermarket chain Fresh Market is looking for a buyer, according to Reuters. These are among today’s must reads from around the commercial real estate industry....More
Restaurant chain Subway is slowing its new store growth, according to Bloomberg. The U.S. GDP grew more than previously thought in the second quarter, reports MarketWatch. Wealthmanagement.com looks at the best U.S. cities for retirees. These are among today’s must reads from around the commercial real estate industry....More
Micro-housing is hot, as it fits with national trends toward more renters who rent for longer periods of time, and a lower supply of affordable housing across the country. But is micro-housing a safe enough bet for investors or a fleeting trend?