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Block 37
Trends
- 1EU crypto critics warn of Ursula plan to block Binance from MiCA●Ursula making a phone call to block Binance from Mica, Netherlands 37% unrealized gain tax on crypto, Spain rent control
A widely shared post claims European Commission President Ursula von der Leyen is making calls to block Binance from operating under the EU's MiCA crypto framework. It links the claim to a broader list of measures it criticises: a Dutch 37% tax on unrealized crypto gains, Norway's exit tax, Spanish rent control, Berlin property seizures, Chat Control and a digital euro. Commenters are framing these as signs of mounting regulatory pressure on crypto and property owners in Europe.
- 2Downtown retail centers Block 37 and The Maxwell sell at steep discounts▼Downtown retail centers Block 37, The Maxwell sell at steep discounts
Two downtown Chicago retail properties, Block 37 and The Maxwell, have been sold at prices well below their earlier valuations, according to a report from The Business Journals. The discounted sales add to evidence of continued pressure on downtown retail real estate, where owners are offloading properties amid weaker foot traffic and higher financing costs.
- 3Chicago's Block 37 Sold to New Owner Promising Makeover▼Block 37 changes hands, and its new owner promises a makeover
Block 37, the retail development in downtown Chicago's Loop, has been sold to a new owner who is promising a makeover for the property. The deal marks another turn for the shopping center, which has struggled at times to fill its space. Details of the buyer's specific renovation plans and purchase price have not been fully disclosed.
- 4
Edwards Realty Co. has acquired Block 37, the downtown retail development, for $30 million. The deal gives the firm control of a prominent retail property that has changed hands repeatedly over the years as Chicago's central shopping district has struggled. Observers are watching whether new ownership can revive the complex's retail and office prospects.