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Multifamily sector beating the odds
National Issue

Multifamily sector beating the odds

While hotels, retail and offices sink, the multifamily sector is sailing along. Rent collection has been largely steady despite high unemployment and early threats of rent strikes. Occupancy, too, has suffered less than expected...

Multifamily sector beating the odds
Hewlett Packard Enterprise Co. CEO Antonio Neri (Unsplash; Hewlett Packard Enterprise)
National

Hewlett Packard Enterprise leaves Silicon Valley for Texas

Hewlett Packard Enterprise Co. is moving its headquarters out of high-priced Silicon Valley to the Houston area. The company...

Hewlett Packard Enterprise leaves Silicon Valley for Texas
Convention centers are a losing proposition for private developers, but local governments see them as a way to attract business tourism. (iStock)
National

Convention centers boom despite shows going virtual

Why, in the midst of a pandemic, would a 25-member board in Indianapolis vote unanimously to expand a convention...

Convention centers boom despite shows going virtual
Charlie Kushner and Laurent Morali with Commons at White Marsh Apartments in Maryland (Photos via Sasha Maslov and CommonsatWhiteMarsh)
National

Kushner looks to unload multifamily properties for $800M

Kushner Companies just put 10 Baltimore multi-family properties on the market, a portfolio that the firm’s president believes could...

Kushner looks to unload multifamily properties for $800M
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
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
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