Tag: Real estate

‘Succession’ Fight: Can Logan Roy Save His $18 Billion Fortune?

Days after his son Kendall’s explosive press conference left the media conglomerate Waystar Royco teetering on the brink, the Roy family patriarch opens up as he goes to war with his children, his shareholders and potentially the U.S. government. By Sergei Klebnikov, Giacomo Tognini and Lisette Voytko It’s been a tumultuous 48 hours for Logan […]

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Volpe project prepares for design phase

Ten years into a comprehensive process to reimagine the 14-acre Volpe parcel in Kendall Square, MIT has a Cambridge-approved master plan and is preparing to advance specific design proposals for the mixed-use development. Getting to this point required extensive public review, which led to city approvals for a rezoning of the site and special permits […]

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Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated

Yves here. The problem with the current price rises is that (as hard as it is to believe) a lot of it really truly is transitory, due to over-optimized supply chains falling apart due to Covid. But that “transitory” could easily last a couple of years more, which is too long to feel transitory to […]

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‘Price-Distorting’ iBuyers Like Zillow Hurt U.S. Homeowners, Rivals Say

(Photo credit: Getty Images)  High-tech “iBuyers” like Opendoor and Zillow have burst onto the housing scene in hot U.S. markets with a seductive promise: For a fee, they will buy your home for cash, let you pick your move-out date, and help you avoid the irritating process of showing your home.  The iBuyers are, naturally, attempting […]

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Michael Hudson and Thomas Piketty Debate Inequality, Debt, and Reform

Yves here. I very much hope you will enjoy this extended discussion between Thomas Piketty and Micheal Hudson, introduced by David Graeber’s widow Nika and moderated by Lynn Parramore of the Institute for New Economic Thinking. Steve Keen, who joins at the end, points out that it’s unusual for mainstream economists like Piketty, despite his […]

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How Does Don Jr. Roll?

The company’s own sales pitch to win the lease described a well-maintained building that needed little more than a paint job for the agencies to move in. But Chicora embarked on a renovation that unleashed asbestos, according to the Occupational Safety and Health Administration and environmental assessments done by the county, and demolished multiple floors […]

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