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New York State Senator Michael Gianaris has drafted legislation to prevent real estate deals based on non-public government actions, reports the Wall Street Journal. IKEA will open a story near Central Park, according to Fast Company. These are among today’s

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Seritage Growth Properties President and CEO Benjamin Schall says 70 percent of the REIT's third-quarter income came from non-Sears tenants.

Benjamin Schall, president and

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Sears says it has no plans to liquidate after filing for Chapter 11 court protection in October, but it has been closing stores and cutting jobs as part of that process.

(Bloomberg)—Employees of

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The mayor has set a goal of building or preserving 300,000 “affordable” units by 2026 as one of his signature programs.

(Bloomberg)—New York Mayor Bill de Blasio’s affordable housing program has not benefited enough

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Malls face more trouble thanks to another wave of store closures from stores like Gap and Victoria’s Secret, according to CNBC. The personal details of up to 500 million Marriott guests have been hacked, The

California’s fires are finally under control, but residents and property owners will continue to feel the impact for some time.

With California’s two catastrophic fires finally contained, insurers are beginning to assess damages, according to Tami Casey, Northern California

Opportunity Zones
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The industry is abuzz with Opportunity Zones. Established in 2017, the government program encourages development in low-income and under-developed areas throughout the nation

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Jesse Kaplan sold his Brooklyn-based last-mile delivery start-up to Walmart last year.

(Bloomberg)—The chief executive officer of Parcel, the New York City delivery company owned by Walmart Inc., has departed, dealing a blow to the retailer’s

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Among the properties up for sale are 245 Park Avenue in New York and 181 West Madison Street in Chicago.

(Bloomberg)—HNA Group Co. is putting more of its aviation and property

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