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Alliant Credit Union Launches Small Balance Commercial Real Estate Lending Platform

Alliant Credit Union Launches Small Balance Commercial Real Estate Lending Platform

by Phil Hall | May 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chicago-headquartered Alliant Credit Union has rolled out SBL Edge, a lending platform designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors. According to Alliant, owners of stabilized properties...
CBRE Predicts Lodging Sector RevPAR Growth Improvement in H2 2024

CBRE Predicts Lodging Sector RevPAR Growth Improvement in H2 2024

by Phil Hall | May 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE: CBRE) is predicting an improvement in revenue per available room (RevPAR) growth during the second half of 2024, following a weaker-than-expected first quarter. The company’s latest forecast projects a 2.0% increase in RevPAR growth for 2024, down from the...
Las Vegas’ Iconic Mirage Hotel-Casino to Close in July

Las Vegas’ Iconic Mirage Hotel-Casino to Close in July

by Phil Hall | May 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

After 35 years in business, Las Vegas’ iconic Mirage hotel-casino will be shut down as of July 17. According to combined media reports, the 80-acre Las Vegas Strip landmark will be demolished and replaced by the Hard Rock Las Vegas, which will feature a 660-foot hotel...
Craig Leslie to Become President of Skyline Retail REIT

Craig Leslie to Become President of Skyline Retail REIT

by Phil Hall | May 16, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Skyline Retail REIT, a Guelph, Ontario-based real estate investment trust (REIT), has announced the appointment of Craig Leslie as its next president, effective June 30. Leslie joined Skyline last year as a vice president with more than 19 years of experience across...
Guest Opinion: All’s Mostly Well in the US Banking System

Guest Opinion: All’s Mostly Well in the US Banking System

by Michael S. Barr | May 15, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Michael S. Barr is vice chairman for supervision on the Board of Governors of the Federal Reserve System. This article is adapted and edited from testimony delivered today before a hearing of the U.S. House of Representatives before the Committee on Financial...
JLL Acquires Data Center Services Provider

JLL Acquires Data Center Services Provider

by Phil Hall | May 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chicago-headquartered JLL (NYSE: JLL) has acquired SKAE Power Solutions, a New York City-based provider of data center technical and project management services. According to the companies, the acquisition of SKAE will enable JLL to provide solutions across the full...
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