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Dubai’s Rasmala Investment Bank Enters UK Multifamily Market

Dubai’s Rasmala Investment Bank Enters UK Multifamily Market

by Phil Hall | May 3, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Rasmala Investment Bank Ltd., a Dubai-based alternative investment manager, has launched five-year strategy to create a portfolio of multifamily residential properties in the U.K. that will exceed $2 billion in investment value. According to the company, the strategy...
Canadian Tire Corp. Acquires 10 Bed Bath & Beyond Leases

Canadian Tire Corp. Acquires 10 Bed Bath & Beyond Leases

by Phil Hall | May 2, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian Tire Corp. Ltd. (TSX: CTC, CTC.A) announced the expansion of its retail store presence through a $1.6 million acquisition of 10 real estate leases formerly held by Bed, Bath & Beyond (NASDAQ:BBBY). The 10 leases combined represent more than 242,000 square...
Farm Sector Debt Linked to Real Estate Set to Reach New High

Farm Sector Debt Linked to Real Estate Set to Reach New High

by Phil Hall | May 2, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Farm sector debt tied to real estate is expected to be at a record high of $375.9 billion this year, according to data from the U.S. Department of Agriculture’s (USDA) Economic Research Service. The new data report noted that farm sector real estate debt has on the...
Toronto’s Starlight Investments Enters UK Build to Rent Market

Toronto’s Starlight Investments Enters UK Build to Rent Market

by Phil Hall | May 2, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Starlight Investments has launched a European residential asset management platform through of a collaboration with multiple global institutional partners that is focused on the U.K. Build to Rent (BTR) market. This new endeavor is Starlight’s...
UC Asset LP Completes Acquisition Stake in Oklahoma Cannabis Property

UC Asset LP Completes Acquisition Stake in Oklahoma Cannabis Property

by Phil Hall | May 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

UC Asset LP (OTCQB: UCASU), an Atlanta-based real estate investment firm, has closed its acquisition of 50% ownership of a $3 million cannabis property in Edmond, Oklahoma. The acquired property encompasses 15,000 square feet of cannabis cultivation area with...
Charlie Munger Warns Banks: ‘A Lot of Real Estate Isn’t So Good Anymore’

Charlie Munger Warns Banks: ‘A Lot of Real Estate Isn’t So Good Anymore’

by Phil Hall | May 1, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Berkshire Hathaway Vice Chairman Charlie Munger is raising multiple red flags over the state of U.S. banking, warning that financial institutions are “full of” what he said claimed are “bad loans” from the commercial real estate sector. In an interview this weekend...
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