The Financial Industry Regulatory Authority has offered to give broker-dealers more time to comply with its proposed update to rules around nontraded REITs. The Empire State Realty Trust has completed the acquisition of ground and operating leases on two buildings in New York for a combined $734 million. The Real Estate Roundtable and real estate trade groups in the Commercial Properties Coalition last week filed the latest in a series of comment letters relating to efforts by the U.S. Environmental Protection Agency to regulate purported lead paint hazards. These are among todays 10 must reads from around the commercial real estate sector.
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