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Investment

While the dollar won’t get you as much in the U.S. these days, in most other places in the world, a dollar can buy more than ever. As a result of the Federal Reserve’s hawkish stance on interest rates due to continued inflation, overseas markets in turmoil due to the war in Ukraine, and Europe’s energy crisis, the U.S. dollar...
In late 2006 the hot housing market started to slow. This seemingly harmless drop in prices started a chain reaction causing foreclosures and toppling the housing market. When the fifth largest investment bank in the world at the time, Bear Stearns, announced that two of their large mortgage backed hedge funds had imploded, a selloff was triggered that sent the...
Many real estate companies are feeling the sting of a weakening market, leading to hiring freezes and mass layoffs. But one firm that seems to keep on rolling is CBRE Group Inc., the world’s largest commercial real estate services and investment firm. Coldwell Banker Richard Ellis employs more than 100,000 people worldwide and continued to add employees earlier this summer,...
The most valuable part about the Empire State Building isn’t necessarily any of the 2.7 million square feet of office space. As valuable as offices are in one of the world’s most famous buildings, the most valuable space may just be the observation deck atop the 92-year-old skyscraper. Empire State Realty Trust (ESRT), the commercial REIT that owns the 102-story...
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