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Apple to Open Another Corporate Campus, Pledges to Create 20,000 US Jobs
Apple unveiled its new visitor center in Cupertino near Apple Park last November. Credit: Apple Inc. Just a few months after opening its 2.8 million-square-foot circular headquarters campus in Cupertino, CA, Apple Inc. today announced plans to build...

Kansas City Realtor Assn. Selects CoStar as CRE Data Provider
The Kansas City Regional Association of Realtors (KCRAR) and CoStar issued a joint statement today announcing that CoStar will become the real estate organization’s exclusive data, analytics and marketing provider for its commercial real estate division...

Updated: MGM Growth Properties Makes Play to Acquire VICI Properties
Caesars Palace in Las VegasMGM Growth Properties LLC (NYSE: MGP) is making a play to combine two of the largest casino owners in the world. MGM sent a letter to the CEO and the chairman VICI Properties Inc. (OTCMKTS: VICI) proposing to acquire 100...

Related Makes Bid for CRE Lender Ladder Capital
Justin Metz, president of Related Fund ManagementA subsidiary of New York developer and investor the Related Cos. made a cash bid this past weekend to acquire commercial real estate lender Ladder Capital Corp. (NYSE:LADR). Related Fund Management LLC...

No Breaks for Tenants in Toronto
Pictured: Michael Betsalel, senior vice president of JLL Capital Markets.Multifamily units are selling for close to $200,000 in Toronto, but even at that price a new report from JLL says they are still trading well below replacement cost, and with little...

Proposal to Ban Dual Agency Turned Back in California
California State Capitol. Credit: California State Assembly Sergeant-At-Arms.Legislation introduced in California intended to prohibit CRE brokers from acting in a 'dual agent' capacity and represent both sides of the same commercial property transaction...

Sam's Club Abruptly Closes 63 Stores
Sam's Club, a division of Wal-Mart Stores Inc. (NYSE:WMT), abruptly posted closure notices on 63 of its stores across the country yesterday. The closings impact about 10% of its fleet of 660 clubs and are expected to affect about 10,000 employees,...

Looking to Cut More Costs, Sears Seeking Hundreds of Millions in New Financing
Edward S. Lampert, the chairman and CEO of Sears Holdings Corp. (NASDAQ: SHLD), is once again coming to the financial rescue of the struggling Chicago-based retailer, which reported disappointing holiday sales. Entities controlled by Lampert are pumping...

KKR Kicks Off 2018 by Raising $2 Billion for Real Estate Investment Fund
Ralph Rosenberg, KKR's Global Head of Real Estate. Credit: KKRGlobal investment firm KKR kicked off the private equity fundraising markets with a strong start in 2018. The New York-based firm held final close this week on its KKR Real Estate Partners...

What's Wrong with REITs? Sector Hopes to Shake Off Weak Stock Performance in 2018
One sector has noticeably missed out on the recent record run in U.S. stock prices. REITs underperformed in 2017, realizing total returns of just 5.1% for the year, according to Morgan Stanley, with REITs largely missing out on the stock market rally...

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