Bloomberg

“This feels like they bought way too many homes and they’re trying to work off that excess supply,” said Jonathan Miller, president of appraisal firm Miller Samuel.

Beijing’s property crackdown has curbed construction activity and squeezed financing to the sector.

Google’s data centers, which house the servers that power billions of web searches, emails, and mapping routes every day, account for most of its electricity consumption.

Initially, the bank on the loan for Walker & Dunlop offered a 10-basis-point credit spread adjustment. Now, it has been ratcheted up higher.

House prices rocketed around the world in the past year as the cost of borrowing slipped to rock bottom and buyers put a premium on space and greenery.

Elliott is a top holder in the REIT and the Florida-based hedge fund has met with the company’s board to discuss a strategic review.

While the new policy stops short of a mandate, it provides a financial incentive to get the shots and return to the workplace.

The company entered into an amended mezzanine debt facility with a $3 billion limit.