Secretive Real Estate Purchases Driving Inequality – The Real Deal
From left: Guillermo Lasso, Julio Iglesias, and Abdullah II bin Al-Hussein (Getty, iStock, ICIJ) Major investors spending millions on real estate via offshore companies or trusts are increasingly dodging authorities, and in turn, setting off sizable ripple effects in global markets. An investigation by the International Consortium of Investigative Journalists outlines growing evidence that massive […]
Union Investment Real Estate Purchases High-End Retail Property in Chicago – REBusinessOnline
The 32,000-square-foot building houses Chanel, Van Cleef & Arpels, Moncler and Le Colonial. CHICAGO — Union Investment Real Estate has purchased 59-65 E. Oak St., a one-block stretch of high-end retail space in Chicago. The purchase price was $120 million, according to Crain’s Chicago Business. The price represents the largest amount paid for any retail […]
Real Estate Minute – 11-04-2021 – KFDX – Texomashomepage.com
Real Estate Minute – 11-04-2021 | Texomashomepage.com Skip to content ✕ × Close Ad
Increase in working from home could depress commercial real estate prices, reduce local tax revenue | UIC Today – UIC Today
COVID-19 dramatically altered how and where many employees work, a shift that could have a long-term negative effect on commercial real estate occupancy rates and, ultimately, on local governments’ tax revenue base, a new study reveals. The Impact of Work from Home on Commercial Property Values and the Property Tax in U.S. Cities concludes that even as the recovery strengthens, if […]
