Take a look at the latest roundup of the week’s top national commercial real estate stories, as reported by our plugged-in and in-the-know CoStar News team.
Macy's Awards Brookfield Asset Management First Dibs on 50 Stores
Acting on vows to monetize its real estate portfolio, Macy's has reached an agreement with Brookfield Asset Management giving the Canadian firm first rights on 50 of its department store properties.
The Trump Effect: CRE Industry Begin to Assess Impact On Property Markets
The U.S. real estate industry is busy unpacking the unexpected economic and regulatory impact of an upcoming Trump presidency after the Manhattan real estate mogul defied pundits and pollsters to defeat Hillary Clinton.
Greystar Founder Bob Faith On Why the Multifamily Cycle Still has Legs
Bob Faith founded Greystar Real Estate Partners in 1993, when institutional investors were just beginning to eye the investment potential of rental housing. Today Greystar has grown into the largest manager and one of the largest owners of apartment communities in the U.S.
First Priority for Simon, GGP in Running Aéropostale: Assuming or Rejecting Leases
The new owners of troubled teen apparel retailer Aéropostale, headed by mall REITs Simon Property Group and GGP, got down to the business of beginning the process of assuming or rejecting store leases. So far, the new owners have been assuming most of the leases signed with their competing mall REITs.