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Residential construction accounted for 44% of spending in October. (iStock)
National

Housing drives rise in construction spending October

A strong housing market continued to fuel construction spending this fall. Construction spending grew an estimated 1.3 percent in...

Housing drives rise in construction spending October
The mall was already beset by 18 years of starts and stops (Getty)
Tri-State

Can the American Dream mall survive the pandemic?

New Jersey’s American Dream mall was projected to have 40 million visitors when it opened in 2019 — and...

Can the American Dream mall survive the pandemic?
CBRE CEO Robert Sulentic (iStock)
National

CBRE lowers SPAC IPO valuation target to $350M

CBRE Acquisition Holdings, a blank-check company formed by CBRE Group, has lowered the target deal size for its upcoming...

CBRE lowers SPAC IPO valuation target to $350M
Spending outpaced foot traffic because shoppers purchased at the stores they did visit (Getty)
National

Retail foot traffic tanks on Black Friday

Foot traffic in stores on Black Friday was about a half of what it was last year. But the decline in spending at physical stores was not as bad, according to the Wall Street...

Retail foot traffic tanks on Black Friday
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
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)
National

Tech giants occupy nearly 600M-sf of US real estate

The sluggish commercial real estate market is getting a boost from tech giants Amazon and Facebook, which have emerged...

Tech giants occupy nearly 600M-sf of US real estate
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