Office-building construction is in the midst of a severe drought. This means higher rents may be on the horizon in some cities, if history is any guide.
Wall Street firms have begun to quietly jettison office space in a sign that repercussions from the recent contraction in the financial-services industry will be felt in the city for several years.
Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.
The government has given buyers using the credit another three months to close sales, and the initiative is being imitated on a smaller scale by states and private companies. But some think the market would be better off if we laid it to rest for good.