In Friday’s commercial real estate news – we’ll look at the true number of stores closings for 2017, the fate of Kushners’ Manhattan tower, the US commercial real estate and it’s reported growth for 2019, and more.
The two schools of thought on retail store closures seem very far apart.
The tower’s cash flow is enough to cover only about half of the debt payments on the building, down from 66 percent last year.
The Urban Land Institute’s (ULI’s) most recent Real Estate Economic Forecast indicates that the U.S. commercial real estate market is in for steady growth through 2019.
Scottsdale-based Mark-Taylor Cos. continued to ride the increased demand for multifamily rental space to a No. 1 ranking as the 2017 edition of the Phoenix Business Journal’s Commercial Real Estate Developers List was published today.
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