Commercial Real Estate

The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)
National Weekend Edition

UK tax break expiration could hurt struggling retailers

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)
National Weekend Edition

Turkish mall valued at $1B in deal with Qatar

Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...

Turkish mall valued at $1B in deal with Qatar
Behind Deutsche Finance’s American buying binge
National Issue

Behind Deutsche Finance’s American buying binge

When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime...

Behind Deutsche Finance’s American buying binge
Brookfield CEO Brian Kingston and the Northridge Fashion Center at 9301 Tampa Avenue (Brookfield, Google Maps)

Brookfield delinquent on $210M Northridge mall loan

Another mall owned by Brookfield Property Partners has fallen behind on loan payments — this time in Northridge. A...

Brookfield delinquent on $210M Northridge mall loan
Jeffrey Allen and Canyon Drive Manor apartments (Google Maps, iStock)

Raintree Partners buys 551-unit LA apartment portfolio

Raintree Partners has picked up a 551-unit apartment portfolio, whose properties stretch across Los Angeles and Ventura counties. The...

Raintree Partners buys 551-unit LA apartment portfolio
As workers trade in suits for sweatpants, 1 in 6 dry cleaners has closed or gone bankrupt (Getty)
National

Pandemic takes drastic toll on dry cleaners

At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...

Pandemic takes drastic toll on dry cleaners
Electronic Arts CEO Andrew Wilson and 4820 Alla Road (Getty, Del Rey Campus)

Video game maker EA downsizes LA office footprint

Even companies thriving during the pandemic are cutting office space. That’s true in Los Angeles, where video game developer...

Video game maker EA downsizes LA office footprint
(iStock)
National Insights

What doom-and-gloom forecasts miss about the office market

The short-term dive in office demand is not likely to continue far into the 2020s, according to a recent...

What doom-and-gloom forecasts miss about the office market

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