Slumping Condo Sales Spur Switch to Rentals
Developers and lenders are aiming to lease out condominium projects that aren’t selling — but the obstacles are high.
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Freddie Mac Posts Deep Loss, Says It May Slash Dividend
The mortgage company posted a $2 billion loss and said it is ’seriously considering’ a 50% cut in its fourth-quarter dividend. Its shares tumbled.
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Stalled Condo Projects Tarnish Trump’s Name
Donald Trump’s reputation as a real-estate developer could take a hit as some condominium projects emblazoned with his famous moniker run into trouble.
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Los Angeles Office REIT Spurs a Proxy Battle
Several hedge funds have taken sizable positions in Maguire Properties; Kroger is about to get a giant new pantry in Southern California; and more.
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