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Property News

Location American Property News for 25 January 2017

Mumbai's Slums Make Way for Luxury Towers

Wall Street Journal - 25 Jan 2017 06:48
In Mumbai, the land-starved financial capital of India where millions live in slums, developers are turning to rules that allow them to obtain permits to build upscale towers in exchange for providing housing to slum dwe...
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Mall Owners Rush to Get Out of the Mall Business

Wall Street Journal - 25 Jan 2017 05:55
A surge in store closures is prompting some of the largest U.S. shopping-center owners to walk away from troubled locations rather than restructure their debts.
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Fannie Mae will back a $1 billion in debt collateralized by rental homes at Blackstone.
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