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November 5, 2020

'The Money's Always Green': CRE Market Watchers Shrug As Election Cliffhanger Continues

[Webinar] Passive House Acceleration: What Are The Design Secrets & Business Models Of Smart Investors Nov. 10

Lingering uncertainty still surrounds the 2020 presidential election as the day after the election draws to a close, but Democratic candidate Joe Biden is within a few electoral votes of being the unofficial winner of the contest, with news outlets varying between reporting 253 and 264 Electoral College votes for Biden out of the 270 required to win.

Even if he achieves that, questions remain about the finality of the outcome, as President Donald Trump has demanded recounts in close states and kicked off legal challenges. By Wednesday night, the Trump campaign had filed three lawsuits, one each in Pennsylvania, Michigan and Georgia, contesting the process for counting ballots, joining lawsuits that Republicans had already filed in Pennsylvania and Nevada.

'The Money's Always Green': CRE Market Watchers Shrug As Election Cliffhanger Continues

The campaign also called for a recount in Wisconsin. That process could last weeks, with experts pointing to similarities with the contested 2000 presidential election, which was ultimately decided by the Supreme Court 36 days later.For now, the country’s short-term uncertainty isn’t likely to have much of an impact on…

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Suffolk Hires Lendlease Exec As President With Eye On Expansion

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Boston-based Suffolk, one of the nation’s largest construction firms, has tapped a major New York developer to lead its Northeast operations.Suffolk hired former LendLease President Ralph Esposito, who led the Australian developer's East Coast construction operations, as its new president of the Northeast and…

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One Election Day Winner No One Contests: Recreational Marijuana

 

The final outcome of the major federal elections was still disputed heading into Wednesday evening, but one clear message emerged from several statewide votes.

“Cannabis won big last night,” Subversive Real Estate Acquisition REIT CEO Richard Acosta said.

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