A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.
Category: Real Estate (Commercial)
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The Blackstone Fund BREIT Faces Big Questions
Wall Street has been debating how the investment giant’s $59 billion real estate fund has managed to outperform virtually all its rivals.
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Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.
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Zwirner Anchors Los Angeles Art Neighborhood With New Gallery
Its flagship will open with a 30th-anniversary exhibition featuring works by all of the gallery’s 80 artists.
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Americans Went All-In on Self-Storage. That Demand Is Suddenly Cooling.
Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by this drop in demand.
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China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on exports has helped to counteract its housing slowdown, but other countries are worried about a flood of Chinese goods.
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Delivery-Only Restaurants, Once Pandemic Successes, Face Uncertainty
Ghost kitchens and virtual brands became a way for idle restaurant kitchens to generate revenue. But as consumers return to in-house dining, many of those concepts are disappearing.
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Downtown Los Angeles Places Another Big Bet on the Arts
The pandemic was tough on city centers and cultural institutions. What does that mean for Los Angeles, whose downtown depends on the arts?
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Cities in the Eclipse’s Path Are Getting an Economic Boost
Millions of tourists trying to experience the totality could bolster smaller economies across North America.
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Cities in the eclipse’s path are getting an economic ‘shot in the arm.’
Millions of tourists trying to experience the totality could bolster smaller economies across North America.
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Skip the Traffic: Commuters Turn to Ferries to Get Around
Ferry ridership took a hit during the pandemic. But new terminals, additional routes and faster, smaller boats are driving a new era of water transportation and development.
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Can Minor League Baseball Survive Its Real Estate Problems?
The fight over a new stadium for the Eugene Emeralds highlights a wider challenge for cheaper alternatives to big-league live sports.