Real Estate News
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Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.
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St. John’s University in New York agreed to sell its lower Manhattan campus to a group including developer Steven Witkoff and property investor Fisher Brothers, which plan to build condominiums at the site.
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Loblaw Cos., Canada’s largest grocery chain by market value, is seeking to raise about C$400 million ($387 million) in an initial public offering of its Choice Properties Real Estate Investment Trust, according to two people familiar with the transaction.
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At Great Bay Marina in New Jersey’s Little Egg Harbor, there’ll be no calls for hamburgers in the restaurant and few revving motors will drown out seabirds’ cries this holiday weekend, usually one of the year’s busiest.
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