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...But in New York, some of the best properties coming to market are now sitting for months....
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...“I like to think our property portfolio is of reasonably high quality and quite resilient,” Simpson told Bloomberg....
...The changes could cut the $100bn Americans pay annually in real estate fees by as much as 30 per cent, according to a study by the Consumer Federation of America, a watchdog....
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...The US Treasury secretary Janet Yellen also last week raised concerns over the impact of falling property valuations on the banking system....
...“I doubt if the city will want to try to take over the property itself,” Spivack said....
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...It manages the assets of the Escobar family, including intellectual property rights....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...The bank originated as the Nippon Credit Bank, which was among the highest-profile casualties of the protracted fallout from the collapse of Japan’s 1980s property bubble....
...Stacom led the $5.4bn sale of New York’s Peter Cooper Village and Stuyvesant Town in 2006, which included 110 separate buildings and 80 acres of property....
...The warning highlights how the strains in US commercial real estate are being felt outside North America, as higher interest rates have made loans more expensive and falling demand for office space has hit...
...The US commercial property market, the largest in the world, has been sliding....
...During the pandemic there was a steep rise in Yorkville sales, up from 693 in 2019 to 1,099 in 2021, before cooling substantially to 812 in 2022 and 594 last year, according to property analytics company...
...Michela Tindera These properties are owned by a collection of the wealthiest people in America and various businesses....
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