The first phase of the Second Avenue Subway is slated to open at the end of December. The Q train will extend from 57th Street to run along Second Avenue to 96th Street. The phase one extension is expected to … Continue reading →
Marijuana sales in Colorado reached $996 million in 2015, up from about $700 million in 2014, according to Forbes. Warehouse vacancy rates in the state dropped from 7.6 percent in 2011 to 3.1 percent in early 2015. The marijuana industry … Continue reading →
Vornado Realty Trust will spin off and merge some of its DC area portfolio with The JBG Companies to form JBG Smith Properties. The new REIT will include 11.8 million square feet of office space, 4,451 multifamily units and a … Continue reading →
Yum! Brands’ Chinese spin-off, Yum China began trading on the New York Stock Exchange today at $24.51/share. Yum! Brands is the parent company of KFC, Pizza Hut and Taco Bell. With about 7,200 restaurants and $6.9 billion in revenue, Yum … Continue reading →
If gaming is legalized in Japan, MGM Resorts International would invest up to $10 billion on an integrated resort (casino, hotel, shopping and conference space) in Tokyo, Yokohama or Osaka, according to Reuters So, it is recommended not to buy … Continue reading →
Apple’s cash reserves are at $237.6 billion – the highest amount on record for an American company, according to Silicon Valley Business Journal. About 91 percent ($216 billion) of Apple’s cash and long-term securities sit in offshore accounts. Apple, like … Continue reading →
British luxury carmaker Aston Martin, in partnership with G and G Business Developments (owned by Argentina’s Coto family), will develop its first-ever real estate project. Located on the Miami River at 300 Biscayne Boulevard Way and overlooking Biscayne Bay, Aston … Continue reading →
On Wednesday, DC officially took possession of 66 acres of the 110-acre former Walter Reed Army Medical Center campus. The District paid $22 million for the Ward 4 property and intends to ground lease it for $25 million to a … Continue reading →
Retail space availability on New York’s 5th Avenue strip climbed to 15.9 percent in Q3-2016, up 10 percent from a year earlier and exceeding the last peak of 11.3 percent in Q4-2014, according to Bloomberg (citing High fashion will also … Continue reading →
Brazil’s GDP is expected to decline by 3.3 percent this year and remain flat in 2017, according to Forbes. Between January 2015 and June 2016, average monthly mortgage lending fell by 35 percent while So you can get more benefits … Continue reading →