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Property News

Location American Property News for 16 November 2016

Three Trump Buildings in NYC to Be Renamed in Nod to Residents

Wall Street Journal - 16 Nov 2016 04:52
A national apartment building company said it would take President-elect Donald Trump's name off three New York City high-rises after tenants complained they were embarrassed living in buildings associated with someone w...
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What is believed to be the world's tallest modular building made its debut Tuesday in Brooklyn, a 32-story rental tower constructed with prefabricated units stacked like Legos.
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Trouble Brewing in Commercial Real Estate

Wall Street Journal - 16 Nov 2016 04:26
Defaults are rising in a key corner of the commercial real-estate debt market just as borrowing costs are set to jump, raising the likelihood of a slowdown of the $11 trillion U.S. commercial property sector in 2017.
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After Trump's victory, total mortgage application volume fell 9.2 percent on a seasonally adjusted basis last week.
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