US Rents Climbed 1.5 Times Faster Than Wages in Last Four Years
Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
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Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
Places like New York City and San Francisco still have fewer workers now than they did before the pandemic, which continues to impact their labor market recovery, according to an analysis by the Federal Reserve Bank of New York out Tuesday found.
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OQ Chemicals has appointed Hans-Joachim Ziems as chief restructuring officer, according to a person familiar, as the Germany-based firm faces nearly $1 billion in loan maturities this year.
For sale: Steel skeletons of three towers in downtown Los Angeles, erected by a Chinese developer that spent $1.2 billion before running into financial troubles.
Dec 19, 2019
Bloomberg News
,Brookfield Asset Management Inc. is considering bundling its commercial real estate assets in India into a real estate investment trust for a listing next year, according to people familiar with the matter.
The Canadian asset manager has held discussions on a potential initial public offering of a property trust that could raise more than US$1 billion, said the people, who asked not to be identified as the discussions are private. Brookfield is considering including about 15 million square feet to 20 million square feet (1.9 million square meters) of real estate, one of the people said.
Brookfield, which manages more than US$500 billion assets globally, owns 22 million square feet of office properties in India, according to its website. Deliberations are at an early stage, and Brookfield could still decide against pursuing the transaction, the people said. A representative for Brookfield declined to comment.
A successful listing would follow the April debut of Embassy Office Parks REIT, backed by Blackstone Group LP. The REIT has gained about 41% since it started trading. Blackstone is also working with Indian developer K Raheja Group to prepare for an initial public offering of their joint commercial property portfolio, Bloomberg News reported in October.