Office buildings in top U.S. markets are getting so expensive that landlords are choosing to build rather than buy, spurring the most development by real estate investment trusts in at least a decade. Crumbs Bake Shop Inc. notified employees Monday that it would be closing all of its stores at the end of the business day. The Empire State Buildings managers asked a judge to dismiss a lawsuit over claims they deprived thousands of early investors of as much as $410 million in profit when they took the New York skyscraper public. These are among the 10 must reads from around the commercial real estate sector.
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