Browse Tag: trading

The Building IPO: A Rocky Start To Wall Street’s Latest Innovation

 

Between commercial real estate markets and Wall Street lies an unsteady relationship. New investment vehicles that are based upon commercial properties are created — some use the term “innovated” — by the street from time to time, with mixed results for the wider market. The unsteady relationship stems from a basic conflict. On one hand, Wall Street likes liquidity and abstraction, but on the other, commercial real estate just isn’t very liquid, and a commercially developed plot of land is anything but abstract.

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