Top 10 Stories You Need To Read Today
Here are the top 10 stories to power you through your Monday.
1. Watch out, Walmart. German grocery stores Aldi and Lidl are ready to conquer the US retail industry. [BI]
2. Nobel-prize winning economist Robert Shiller says investors' fear is at its highest since the 2000 dot-com crash. [Bisnow]
3. Like straight out of a James Bond movie, fears of espionage from the now Chinese-owned Waldorf-Astoria has driven US officials to the New York Palace Hotel. [Crain's]
4. Rambleside Holdings wants to snag two of Morgans Hotel Group's hotels for $507M. [Bloomberg]
5. History has been made. Hedge fund Citadel will be paying $300 per SF for a penthouse office building in New York City. [TRD]
6. Fosun Group's Guo Guangchang says he will slow down his global buying spree, which has a value of $6.4B from just this past year. [Bloomberg]
7. Why take a bridge or a subway when you can take a skyway? There's a proposed skyway project to connect New York's boroughs over the East River. [TRD]
8. Here are the seven US markets that are most attractive to Middle Eastern investors. [NREI]
9. Manhattan's Hudson Yards train station is New York's newest subway stop in over 25 years. [WSJ]
10. The number of overvalued markets has just doubled since Q1. [Bisnow]
