Like several other high-profile retailers in recent years, Sears Holding Corp. failed to evolve with the changing retail landscape and took on an unsustainable level of debt. Consequently, it filed for Chapter 11 bankruptcy, announcing the closure 142 locations in the process. Click here to read the full article.
Federal regulators approved pharmacy and health care provider CVS Health Corp.’s $69 billion purchase of insurer Aetna Inc., a deal that may reshape the U.S. retail and health care real estate markets. The Department of Justice clearance is a key milestone toward completing the deal that is also subject to state regulatory approvals, many of […]
South Florida construction starts fell slightly in August on a year-over-year basis. Total building activity declined 7 percent to $703 million, according to Dodge Data & Analytics. However, commercial construction increased 10 percent to 375.2 million in August, compared to August 2017. Commercial construction includes office, retail, hotels, warehouses, manufacturing, educational, healthcare, religious, government, recreational, and other buildings, […]
Opportunity Zones are areas in each state where Qualified Opportunity Funds can invest gains from other investments into real estate and businesses to defer and reduce capital gains taxes. These zones were added as part of the Tax Cuts and Jobs Act on Dec. 22, 2017, to encourage investment, development and job creation in economically […]
The Fed concluded its two-day September meeting by lifting overnight rates to the 2.0 to 2.25 percent range. Commentary from Chairman Powell raises the likelihood of an additional increase in December, along with more hikes in 2019. A string of exceptional economic readings over the past month, including 4.2 percent GDP growth in the second […]