News Archives | Page 409 of 1007 | CREtech

An avalanche of special purpose acquisition companies — better known as SPACs — raised capital this year to help startups bypass the lengthy and difficult IPO process. Why it matters: Having more public companies is widely viewed as healthy for the markets and for the American economy, even if the SPAC path elicited skepticism and accusations of froth.

Shares of real-estate investment trusts that are big owners of rental apartments in New York, San Francisco and other large urban areas got clobbered last year as investors worried about the pandemic’s impact on cities.

If you’re a New York politician and you have nothing else to talk about, you can always bemoan the disparity between what New Yorkers send to Albany and Washington in taxes and what they get back in programs and services. The same is true for most major cities. Los Angeles and San Francisco subsidize the rest of California, and California’s taxes helps subsidize the federal government.

Brookfield Asset Management Inc. and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a $5.9 billion bid to take the real estate company private.

From presidential aspirations to oil to corporate positioning, here’s what I’m watching this year. The big picture: After the year that wasn’t, well, everything we thought it would be, 2021 will be a messy mix of the pandemic (still) and reviving all that it sidelined on all things, including energy and climate change.

In the world’s least affordable housing market, one in eight homes sold is a nano apartment, a term widely used to describe tiny homes in Hong Kong. A record 13% of apartments sold in 2019 were less than 260 square feet (24 square meters), or smaller than two car-parking spaces, according to a