10 Things You Need to Know Today
Here are the top 10 stories you need to read to keep you updated on all the happenings from this weekend.
1. The iconic TWA Flight Center at JFK Airport in New York is going to be converted into a hotel complex in a project costing $265M. [Realty Today]
2. Apple continues its property shopping spree, picking up another 27 acres in Northern California. [SFBT]
3. Investment firms like Blackstone bet big on homes a few years ago but there's a chance the bet could go bust. [Fortune]
4. Rob Speyer's just been appointed as sole CEO of Tishman Speyer, a position he shared with his dad for the last seven years. [TRD]
5. In more CEO news, Forestar Group named former Fannie Mae exec Phillip Weber to replace James DeCosmo. [ABJ]
6. So we avoided a government shutdown but is there a debt ceiling in our future? [GS]
7. Did you know that developers have over 48,000 new beds under construction for student housing? [NREI]
8. Why is US commercial real estate hotter than Europe's? [Institutional Investor]
9. Surprise, surprise. Japanese investors are jumping on the US real estate bandwagon. Will it play out better this time? [Bisnow]
10. Legendary investor Richard Rainwater passes at age 71. [Bisnow]
