• Real Estate

    Real estate investment firm buys AT&T tower downtown

    A real estate investment firm has bought AT&T Inc.’s 20-story addition to its downtown Detroit campus complex. New York City-based Reign Capital LLC bought the nearly 50-year-old building in late May for $15.5 million through an affiliate, Reign CO1 Propco LLC, according to CoStar Group Inc., a Washington, D.C.-based real estate information service. It’s one of several AT&T properties the company has purchased recently, including in Milwaukee ($30.1 million), Pittsburgh ($25.7 million) and Winston-Salem (also $15.5 million). Public records do not yet reflect a sale. An email was sent to Reign Capital late Thursday afternoon seeking comment and additional information,  

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  • Real Estate

    The Surfside Tower Was Just Another Condo Building

    After most of a condominium tower in Surfside, Florida, collapsed last week, the second-guessing began almost immediately. Some residents accused the building’s condominium association of acting too slowly to address known structural flaws identified in a 2018 engineering report. Recent news stories have emphasized dissension among the owners. As someone who studies condos—their history, architecture, politics, and social dynamics, in Florida and all over the United States—I, too, have been wondering whether the building’s divided ownership contributed to the June 24 catastrophe, which killed at least 18 people and left more than 140 missing. Could a single landlord have  

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