A surplus of empty office space could be transitioned to help address a deficit of available housing in 14 major North American markets, according to a new data report from Avison Young. Looking at more than 26,000 buildings, Avison Young determined...
Franchising is commonplace in the lodging, retail and restaurant sectors, and a New York City-based company is expanding the franchise concept to multifamily housing. Vessel Technologies said it has launched the multifamily housing industry’s first franchising...
The ailing First Republic Bank (NYSE:FRC) of San Francisco was seized in the early hours of this morning by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This is the...
European commercial real estate dealmaking hit an 11-year low in the first quarter of the year, according to data published by the finance company MSCI (NYSE:MSCI). Approximately $40.3 billion in transactions occurred during the quarter, down 62% from one year...
National Retail Properties Inc. (NYSE: NNN), an Orlando-headquartered real estate investment trust, is changing its name to NNN REIT Inc., effective May 1. NNN REIT was formed in 1984 and invests primarily in high-quality retail properties subject generally to...
Wells Fargo & Co. (NYSE: WFC) has entered a 10-year partnership with the T.D. Jakes Group, a conglomerate owned by the evangelist T.D. Jakes, that will provide up to $1 billion in capital, financing and grants to revitalize low- and middle-income communities. The...
