The firm is exploring acquisitions of Manhattan office buildings that are facing growing vacancies or debt burdens. The effort could potentially expand to other areas of the US, such as Washington, D.C., Boston and the West Coast.
A 2021 lawsuit over allegedly distributing counterfeit gel named two Ghermezian cousins and a family company as defendants, and now three other relatives—including Don Ghermezian, the head of American Dream—are awaiting a judge’s decision on...
The financial hub of Shanghai, which saw a grueling two-month lockdown earlier in the year, scrapped PCR testing requirements.
Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.
As interest rates continue to rise and economic forecasts remain murky, what are commercial real estate investors doing to raise capital and reach their desired returns?
