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...While New York’s commercial real estate sector has experienced a turbulent few years as it struggles to recover from the impact of the pandemic, and a retail reckoning has forced historic department stores...
...In addition, the French lender flagged a drop in returns in its real estate arm and a restructuring of its personal finance division, saying this would hurt profitability in the short term....
...Mechanic could be one of dozens in the litigation department, Rosen explained, or he could join him in the real estate group and change the city’s skyline....
...Part of this will involve the creation of a department tasked with developing the view outlined above and ensuring that the spending of departments fits within the agreed overall direction....
...While it is Japan’s largest real estate developer, Mitsui Fudosan has one of the lowest returns on equity in the sector....
...“These are the cities that are facing a highly stressed housing market, where it is almost impossible to find decent housing for those who live and work there and pay their taxes every day,” Sánchez said...
...The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries....
...They just want to get their hands on its vast real estate holdings. Macy’s owns hundreds of its stores....
...City, University of London, London EC1, UK Apocalyptic portfolio / From Guy Wroble, Denver, CO, US...
...Official data on Monday showed China’s real estate sector crisis was continuing....
...Yet many public services are struggling and most departments are due to see real-terms budget cuts in the next parliament. The population is ageing. The challenge of reaching net zero looms large....
...The plans could mean harsh cuts in some departments given promises of bigger increases in areas including healthcare....
...But this week’s real action on taxes took place on Wednesday with the first official meeting of the International Tax Task Force....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
...head of the Savills country department....
...When the billionaire real estate developer first burst on to the political scene nine years ago, public opinion surveys tended to undercount his supporters, suggesting there were “secret Trump voters” who...
...Given government priorities including prioritising NHS spending, Hunt’s plans imply steep real-terms cuts for unprotected departments such as justice and home affairs....
...Clutching a Dior handbag and wearing a jacket from French designer Ami, Jacky Chen, who works in real estate in Shenzhen, came to Macau to eat, relax and gamble....
...Only Spain’s Real Madrid and Premier League champions Manchester City made more revenue than PSG in 2022-23, according to Deloitte....
...A string of other towns and cities face parallel pressures amid a broader national squeeze on local government finances....
...Duranton, a real estate professor at The Wharton School at the University of Pennsylvania....
...US commentators noted a brain drain of the city’s brightest, alongside a spike in real estate prices across Chinatowns worldwide, driven by Hong Kong investors seeking safer havens....
...In January, the agency said it had started auditing 76 of the largest partnerships in the US, including hedge funds, real estate investment partnerships, publicly traded partnerships and large law firms....
...Tom Whittington at real estate company Savills, which markets some of the Debenhams sites, said that despite the UK having “a quarter too much retail space . . . there is a huge opportunity to refresh and...
...real-terms spending reductions, or higher taxes that might begin the job of repairing them....
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