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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
For many movie theaters, Covid-19, which has kept viewers at home and new releases from the screen, feels like the final curtain. (iStock)
National

Curtains: What to do with movie theaters

Even before the pandemic, Ari Benmosche realized that running his movie theater in a traditional sense wasn’t sustainable. The owner of the Lafayette Theater, a small venue in Suffern, New York, has shown the...

Curtains: What to do with movie theaters
RMBS then and now: Do securitized home loans still matter?
National Issue

RMBS then and now: Do securitized home loans still matter?

Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record number...

RMBS then and now: Do securitized home loans still matter?
Steven Roth and 220 Central Park South, which has effectively created its own tier of the luxury market.
New York Issue

The inside story of the world’s most profitable condo

If not for 220 Central Park South, Vornado Realty Trust’s recent financials would have been a horror show. Vornado,...

The inside story of the world’s most profitable condo
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
Compass CEO Robert Reffkin (Getty; iStock)
National

Compass eyes IPO in 2021

Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed firm, which jolted traditional brokerages when it launched eight years ago,...

Compass eyes IPO in 2021

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