Republican House leaders said they plan to pass a measure extending the U.S. debt limit by nearly four months. The extension would allow the government to borrow what it needs to meet its obligations up until May 19. Leading Democrats scrutinized the Republican plan. "I wish they'd stop playing games with the debt ceiling," said Assistant Senate Democratic leader Richard Durbin of Illinois.
Sony's $1.1 billion sales price for its U.S. headquarters in midtown Manhattan is aggressive considering the tower needs renovations, according to Real Capital Analytics. The planned purchase price values 550 Madison Ave. at $1,287 per square foot.
The most important step REITs can take in Malaysia is investor education, according to Axis REIT Managers CEO Stewart LaBrooy. "Most [investors] are not really aware of the advantages, such as having a higher yield compared with some other investments," he said at the Investor Insights into Malaysian REITs conference. That is why local participation in REITs is smaller than other countries.