US Scraps September Korea Marine Drills In Wake Of Iran War Strain

With Commercial Real Estate Still Challenging, Lenders Offload Troubled Loans At A Loss Authored by Mary Prenon via The Epoch Times (emphasis ours), While leasing activity and vacancy trends suggest the U.S. commercial real estate market is stabilizing, office values are still well below post-pandemic peaks, recent reports show. The San Francisco skyline on Jan. 20, 2023. Patrick T. Fallon/AFP via Getty Images As owners scramble to make payments on under-occupied office buildings, many lenders are reluctant to foreclose to avoid the headache of taking ownership and reselling the properties, according to David...

Tilman Fertitta Nears $5.7 Billion Caesars Takeover Tilman Fertitta, the Texas billionaire behind Golden Nugget and Landry’s, is nearing a $5.7 billion takeover of Caesars Entertainment — a deal that would dramatically expand his footprint across casinos, hotels, and restaurants, according to Bloomberg. The merger would unite Caesars’ gaming operations with Fertitta’s hospitality empire, which includes brands such as Mastro’s, Bubba Gump Shrimp, Rainforest Cafe, and several casino properties. Certain assets, including the Houston Rockets and some hotels, are expected to stay separate from the deal. Bloomberg reports that Fertitta, 68, began working...