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10 Must Reads for the CRE Industry Today (March 24, 2015)
2015-03-24 15:13:00| National Real Estate Investor
Business Insider reveals the property asset class that's performed best so far during President Obama's six years in office. The Kushner brothers, Jared and Joshua, are teaming up to start a company that combines their expertises in commercial real estate and technology, reports the New York Times. And, according to Bloomberg, McDonalds Corp. shares rose after hedge-fund manager Larry Robbins advised that the fast-food chain should convert to a REIT. These are among today's must reads from around the commercial real estate industry. Content Classification: Curated read more
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10 Must Reads for the CRE Industry Today (March 23, 2015)
2015-03-23 15:54:00| National Real Estate Investor
Freddie Mac put $1 billion in non-performing home loans on the market, reports Bloomberg. Starbucks will open 3,500 new stores across the Americas, according to Chain Store Age. Crains Chicago Business looks into General Growth Properties strategy. These are among todays must reads from around the commercial real estate industry. Content Classification: Curated read more
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march
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New York Subway Fares Jump to $2.75 Today
2015-03-23 07:54:25| Railroads - Topix.net
The $2.50 subway fare is set to rise by a quarter, but will service improve? This New York Times article focuses on problems plaguing the 110-year-old New York subway , but fares are increasing for all MTA services. According to the Metropolitan Transportation Authority webpage , "Fares and tolls will go up by 4% over the next two years with the increases set to take effect March 22 on MTA New York City Transit buses and subways, MTA Bus, the MTA Staten Island Railway , and MTA Bridges and Tunnels MTA Long Island Rail Road and MTA Metro-North Railroad .
AK Steel (AKS) Stock Slumps Today on Weak First Quarter Guidance
2015-03-20 15:52:11| Steel - Topix.net
AK Steel said that it expects to report a net loss of 23 cents to 28 cents per diluted share versus the average of 18 analysts' estimates that had expected earnings of 1 cent, according to data compiled by Reuters . The company said its results of operations for the first quarter have been "significantly and negatively impacted by lower than expected carbon steel spot market shipments and prices due to unexpectedly high levels of what AK Steel believes are unfairly traded imports."
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10 Must Reads for the CRE Industry Today (March 20, 2015)
2015-03-20 14:30:00| National Real Estate Investor
SL Green Realty Corp. and JPMorgan Chase are exploring a joint venture deal to finance one of New York City's most expensive residential development sites ever, reports Crain's New York Business. Commercial Observer reveals that Savills Studley will acquire management consulting firm KLG Advisors. And Simon Property Group Inc. raised its unsolicited takeover bid for rival mall owner Macerich Co. to about $16.8 billion, according to Bloomberg. These are among today's must reads from around the commercial real estate industry. Content Classification: Curated read more
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