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Hits and Misses for the Real Estate Week of May 13-17

Hits and Misses for the Real Estate Week of May 13-17

by Phil Hall | May 17, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A questioning of the Biden homebuyer tax credit, growing consumer delinquencies and a new movie epic with a commercial property story. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 13-17. Hit: Sparking a Much-Needed...
Canada’s Odd Burger Signs Florida Franchise Agreement for 40 Locations

Canada’s Odd Burger Signs Florida Franchise Agreement for 40 Locations

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

The Canadian vegan fast-food restaurant chain Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) has signed its second U.S. area representative agreement for the development of 40 locations in Florida over the next eight years. The agreement was signed with StarMatt...
Start-Up to Offer Healthcare Real Estate Investments to Individual Investors

Start-Up to Offer Healthcare Real Estate Investments to Individual Investors

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

Orange County, California-based Healthcare Property Advisors has rolled out HPA Exchange LLC, a new real estate investment sponsor designed to connect accredited investors with private placement opportunities anchored by medical properties. The new firm will initially...
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...
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