Eric Trump, the president’s son and the top executive of the family’s eponymous real estate empire, landed in Vietnam this week.
He was there to attend a groundbreaking event for a $1.5B complex that The Trump Organization is helping build and brand. While there, he is also reportedly scouting locations for another Southeast Asian project, a potential tower in Ho Chi Minh City.
After winning the election, President Donald Trump once again handed control of his real estate empire to his sons, who have forged ahead on new partnerships in Europe, the Middle East and South Asia.
The Vietnam visit by Eric Trump, who…
An overwhelming majority of the Texas Legislature has indicated it is ready to shutter an industry responsible for $5.5B in annual sales, more than 50,000 jobs and thousands of retail storefronts, distribution centers and cultivation operations.
The outlook for downtown San Jose became a little less certain as the site of BXP’s proposed tech and office campus went up for sale, according to The Mercury News.
The project, Platform 16, would have totaled 1.6M SF and spanned a full city block. The company never broke ground and pressed pause on it in 2023, citing unfavorable market conditions.
Newmark now seeks a buyer for the downtown property at 447 S. Almaden Blvd. The 3.7-acre site is home to a parking lot that the city of San Jose is leasing through 2027.
Downtown San Jose had an overall office vacancy rate of 30% in…
The consultant had deleted records involving McKinsey’s role in pushing OxyContin sales and driving the opioid crisis.
A game of chess is afoot as Joel Wiener’s Pinnacle Group tries to withstand a foreclosure effort from its lender. Wiener filed petitions for bankruptcy protection across 82 entities, PincusCo reported. The entities control 91 properties and roughly 5,000 multifamily units, sporting an original debt principle of $574.4 million. Wiener is aiming to consolidate the […]
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Longtime Partnership for New York City leader Kathryn Wylde is ready to sail off into the sunset. Wylde will step down as the chief executive officer of the consortium next year, the New York Times reported. The 78-year-old plans to help the organization pick its next leader. In discussing her pending retirement, Wylde said it […]
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Top economic officials avoided a condemnation of U.S. tariffs but committed to trying to reduce “economic policy uncertainty.”
The state’s highest court on Thursday threw out a group of building owners’ legal challenge to New York City’s carbon emission law. The Court of Appeals found that the state’s climate law does not preempt the city’s Local Law 97, which requires greenhouse gas emissions to be cut by 40 percent by 2030 and 80 […]
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The billionaire’s marriage to David Armstrong ended with the familiar “irreconcilable differences.” Is Mr. Geffen’s fortune in jeopardy?
Big U.S. manufacturing investment announcements have been coming in fast and furious, but that exuberance is not being reflected in first-quarter results or expectations for the remainder of the year.
Tariffs have hit the bottom lines of manufacturing giants like Ford Motor Co., John Deere and DuPont in the first earnings period since they were announced. And executives are not feeling hopeful about the months ahead, with revenue expectations struggling to lift, weighed down by slowing demand, rising costs and uncertainty in the market.