Apollo Global may seek sale of iconic towers

Apollo Global Real Estate (APO) is selling its stake in Manila Officer Towers.

The towers, built by The Net Group, have a gross leasable area of 1.6 million square feet.

“Most of the office demand comes from outsourcing and it’s growing,” said James Lago()

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Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.