Missouri Gov. Mike Kehoe has called a special session of the state legislature that will review a bill to enable the NFL’s Kansas City Chiefs and MLB’s Kansas City Royals to issue bonds up to the annual amount they generate in state tax revenue over 30 years, in turn...
Nuveen, the investment manager of TIAA, has debuted a 1031 real estate exchange platform. The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program that will enable property owners to convert proceeds from real estate...
Florida Gov. Ron DeSantis has pledged not to use state money for the construction of a new stadium for Major League Baseball’s Tampa Bay Rays. WUSF reports DeSantis insisted the state would only provide financial input on infrastructure projects related to a potential...
Strawberry Fields REIT Inc. (NYSE American: STRW) is paying $59 million to an unaffiliated seller for the purchase of nine healthcare facilities in Missouri. The nine facilities are comprised of 686 licensed beds. The company plans to lease eight of the facilities to...
The Empire State Development, a department within the New York State government, has approved the office-to-housing conversion of 5 Times Square in the heart of Manhattan. The 38-story property at the southern end of Times Square was built in 2002 as the headquarters...
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 19-23. Miss: Seizing the Pope’s Childhood...
