For over a century, Madison Paper Industries was a small Maine town’s economic engine. A new owner moved in, but uncertainty persists.
Category: Real Estate (Commercial)
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A Maine Town, Once Dependent on a Paper Mill, Tries to Move On
The New York Times – Business: -
Pacific Palisades Shopping Center Is Preparing to Reopen
The New York Times – Business:Rick Caruso, the billionaire real estate developer and former Los Angeles mayoral candidate, is reviving a property still surrounded by burned-out lots.
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The Ultra-Rich Are Moving to Miami, and Want Their Money Managers There, Too
The New York Times – Business:Tax incentives, among other benefits, have drawn the ultrawealthy to the city. And they need space for the firms that manage their money.
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A New York Hair Salon, Happily Stuck in 1986
The New York Times – Fashion & Style:All around it, luxury boutiques attract a wealthy crowd. But Anonymous Hair Salon hasn’t changed much since opening all those years ago.
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New Yorkers Say Farewell to the REI SoHo
The New York Times – Fashion & Style:Customers gathered to mourn as the outdoor equipment retailer shuttered its location in the famed Puck building in SoHo, where it had been for 15 years.
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Welcome to the Luxury City Built by Taiwan’s A.I. Boom
The New York Times – Business:Fortunes, luxury buildings and birthrates are rising in the city at the center of Taiwan’s chip supply chain.
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Colby College Is Stepping In to Save a Maine Town on the Brink of Disaster
The New York Times – Business:A new rescuer — Colby College, bankrolled by a construction magnate — will vastly change not just the economics of Port Clyde, Maine, but also its cultural and physical fabric.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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The Return for These Investors Isn’t Money, It’s More Affordable Housing
The New York Times – Business:Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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New Owner of Shopping Plaza in Kansas City Pitches a $1.5 Billion Rescue Plan
The New York Times – Business:The Country Club Plaza’s sale and turnaround plans come at a consequential economic time for Kansas City, Mo., which will soon lose the Chiefs football team.
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After Wooing Trump With Deals, Pakistan Gets a Seat at the Table
The New York Times – Business:Steve Witkoff, a diplomatic envoy, used the Board of Peace to announce an agreement that could raze a Pakistan-owned Manhattan hotel. Now the country is involved in negotiating peace talks with Iran.