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06 Jul
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RISING STAR
Lennar Goes “Land-Light” with $6B Spin-Off and 105K Homesites
Lennar is launching Millrose Properties, a $6B spinoff REIT focused on land holdings, to implement its new asset-light strategy.
THE TAKEAWAY
US Retail Closures Up 70%, Thousands More to Follow
US retail closures surged 70% in 2024, driven by e-commerce competition and rising costs.
THE TAKEAWAY
Loan Modifications Surge as Banks Hit ‘Extend-and-Pretend’ Limits
U.S. banks are ramping up CRE loan modifications, especially smaller ones, as rising delinquencies and fading “extend-and-pretend” strategies hit a wall.
THE TAKEAWAY
Miami’s Rental Dominance Faces Midwest Competition
Miami retains its title as the nation’s hottest rental market, but surging Midwest metros like Suburban Chicago and Milwaukee are heating up.
THE TAKEAWAY
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Amazon Needs More Desks, Delays Return-to-Office Mandate
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