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The long-trending CRE up-cycle has created a mini-boom in broker ranks over recent years, with the larger number of younger, first-time commercial brokers reducing the median years of experience among all brokers, and also lowering average annual incomes for brokers. The number of commercial members with less than two years of experience nearly doubled...
U.S. banks have continued to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks, according to the latest weekly bank asset numbers...
Norway’s Government Pension Fund Global, which took a hit to returns last year from falling oil prices, posted modest returns again in its second quarter but saw a new culprit: Brexit. After a period...
Alimentation Couche-Tard Inc. and CST Brands Inc. have agreed to merge in a deal that will see Laval, Québec-based Couche-Tard acquire CST in an all-cash transaction for $4.4 billion including net debt...
After bowing to pressure from dissident shareholders and calling off its proposed merger with DC-based The JBG Cos. earlier this month, New York REIT Inc.’s board formally adopted a plan of liquidation...
In what is already having a devastating impact on publicly traded prison operators -- Corrections Corporation of America and The GEO Group Inc. -- the U.S. Department of Justice this afternoon announced...
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