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Special Purpose Properties!
It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.
Retail Slump Pounds Manhattan Landlords
– wsj.com
Asking rents in many of New York City’s priciest shopping corridors declined in the first quarter of 2017.
1. U.S. government shutdown averted: Lawmakers reached an agreement on a key spending bill late Sunday, avoiding the possibility of a government shutdown.
Elon Musk’s SpaceX has pushed back its launch of a mysterious satellite for the U.S. intelligence community because of a sensor issue.
Fox, Blackstone considering bid for Tribune Media
– rss.cnn.com
21st Century Fox and the private equity firm Blackstone are in talks to launch a bid for Tribune Media, one of the nation’s largest television broadcasting companies, a source with knowledge of the matter said Sunday.
After President Trump set off a furor over who should pay for a U.S. missile defense system that’s being installed in South Korea, his national security chief said Washington will pick up the check. For the time being, at least.
NYT subscribers dropping paper over climate column
– rss.cnn.com
A new columnist at The New York Times and his views on climate change have prompted some readers to cancel their subscriptions in protest.
