🌐 Global Economy 1d ago · Tyler Cowen

Tysons Corner (Alaska) fact of the day

Marginal Revolution
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The centerpiece is Tysons Corner Center, today the eighth largest mall in the country, and one of the largest sub-city-sized markets for office space. It is half-owned by the Alaska Permanent Fund, which is the state-owned corporation that invests oil revenue on behalf of Alaska’s citizens, and half-owned by Macerich, a giant REIT, which is in turn owned by hundreds of large institutional investors and many individuals.
This very interesting essay by Joseph Lawler argues that liquid real estate

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