Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
A 46-person list includes billionaires and people he went on to appoint to positions of power.
Lenders poured billions into Manhattan office towers in October, originating almost $4 billion in CMBS debt. Five office towers landed the month’s largest financing deals, led by a pair of trophy towers owned by Brookfield Properties. Both loans — for 5 Manhattan West at Hudson Yards and 660 Fifth Avenue in Midtown — cleared the billion-dollar mark. Lenders leaned heavily on trophy assets with strong tenancy, recent renovations and deep-pocketed owners. Other deals ranged from CMBS loans backing Class A towers to an owner-originated loan that helped facilitate a major Midtown acquisition. Here are more details. Manhattan West windfall | […]
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The Trump administration said that had the new prices been in effect last year, Medicare would have saved $12 billion, which would have reduced its spending on those drugs by 44 percent.
Nicklaus Cos. announced it was filing for Chapter 11 bankruptcy after a jury ruled in favor of company founder and golf legend Jack Nicklaus and awarded him $50M in damages.
To capitalize on AI demand, Nokia is shelling out $4B on stateside manufacturing and research and development.
Roughly $500M is going toward investing in manufacturing and research in Texas, New Jersey and Pennsylvania. The remaining $3.5B will go toward R&D of new technology to boost its abilities in artificial intelligence and connectivity. The telecommunications giant is also reconfiguring its business lines and establishing a defense segment.
Nokia wants to boost its efforts in AI and cloud computing, build mobile connectivity with AI, and partner with big industry players to make that happen as soon as possible. It is working with Nvidia, using…
The federal government was shut down for the entirety of October, but that didn’t keep commercial real estate players from closing deals they had in the pipeline.
A pair of San Francisco hotels seen as symbols of the city’s commercial real estate slump have changed hands.
EQT sold off a 25-property, 13-market industrial portfolio in what it says is the largest U.S. industrial transaction of 2025.
Big plans are advancing for the 100-acre site of the former Lakeforest Mall that closed two years ago.
Developer WRS Realty is planning a mixed-use project with 1,600 multifamily units and 1.2M SF of commercial space. And Monday, it announced a partnership with Montgomery County that will make it easier for people to access the property.