April 23, 2024
“…There are two potential issues Wall Street and investors might have with a Republican-controlled Congress and Trump at the helm. To start with, Republicans may aim to pass tax reforms that would reduce corporate and personal income-tax rates. While people… Continue Reading…
January 31, 2024
“The highest quality office buildings have had much better success navigating the industry’s turmoil. Now, even premier towers are starting to wobble…” https://www.wsj.com/real-estate/commercial/the-real-estate-downturn-comes-for-americas-premier-office-towers-717477a9 The real estate crisis is not in the housing market. (yet?) It’s commercial real estate. The problem in… Continue Reading…
January 4, 2024
“Billions of dollars in loans on office buildings that are about to come due could play havoc with the US economy after interest rates soared. About $117 billion worth is expected to be due this year and needs to be repaid or… Continue Reading…
November 14, 2023
“…The company has embraced a flexible work strategy, allowing managers and their teams to determine their own work arrangements. As such, Allstate has slashed more than half of its real estate, selling its Northbrook, Ill., headquarters in 2022. Some 99% of its 54,000… Continue Reading…
May 23, 2023
“Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. The commercial mortgage-backed security on the property, 350 North Orleans, was transferred to special servicing ahead of its July maturity, according… Continue Reading…
June 6, 2022
“The national average price for a gallon of gas is projected by Sunday to top $4.80, twice as much as the day President Biden took office. It is a staggering milestone that underscores both the everyday pain inflation inflicts on Americans and… Continue Reading…
March 18, 2022
“About 50% of leaders say their company already requires or is planning to require employees to return to in-person work full-time in the next year, according to new research from Microsoft, which surveyed 31,102 workers around the world between January and… Continue Reading…
February 18, 2022
“More people are choosing to work from home because they want to, even if their office is open and they’re less concerned about Covid risks, according to new findings from Pew Research Center. According to a January survey of 5,889 workers,… Continue Reading…
June 26, 2020
“Office Depot (ODP) – Get Report said it would execute a 1-for-10 reverse stock split after the close of trading June 30. In an April 28 Securities and Exchange Commission filing, the Boca Raton, Fla., chain had said the increased price resulting from the split would… Continue Reading…
August 26, 2019
“The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May…” https://thehill.com/policy/finance/458232-deficits-to-exceed-12-trillion-through-2029-cbo
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