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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.
A Chinese financial services giant is back in front in the race to buy U.S. money transfer service MoneyGram.
Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex
1. Tax day is coming: Ready or not, Tuesday is your last chance to file 2016 tax returns with the IRS.
The Chinese economy picked up steam in the first quarter.
Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.
The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.
