Elliott responds: There’s not much more I can say that I haven’t said before. Apartments are the investment of choice for institutional investors right now. Demand is strong. Vacancy rates are low and declining. Financing is readily available. Given the lags between planning ultimate occupancy, the market will likely get tighter before what is planned comes on stream. Home ownership rates continue to decline. And the economy is likely, in the absence of a Fiscal Cliff, to continue to grow albeit slowly. In addition, other institutional type real estate sectors such as office and retail have a far less sanguine near term outlook. All of the activity BREW is reporting is just a manifestation of the above. Elliott
SpaceX launch: ‘Fully cleared by the FAA, this launch will be closely watched by all,’ says Shruti Gurudanti, Rose Law Group partner, director of corporate transactions, and leader of the firm’s space law practice
By William Harwood | CBS News With President-elect Donald Trump and newly-minted efficiency czar Elon Musk looking on, SpaceX launched the world’s most powerful rocket on its sixth test flight Tuesday,
