Commercial Real Estate
White House to Provide Update on East Wing Ballroom Plans in January Hearing
The nonprofit National Trust for Historic Preservation has filed a lawsuit to stop the ballroom’s construction. Continue Reading White House to Provide Update on East Wing Ballroom Plans in January Hearing
Japan’s Sapporo Real Estate Sold to KKR-Led Venture for $3 Billion
Following the transaction, Sapporo Real Estate will become an independent company. Continue Reading Japan’s Sapporo Real Estate Sold to KKR-Led Venture for $3 Billion
JLL Debuts CRE Decarbonization Solution
JLL is also hosting a June 27 webinar on how to develop a decarbonization strategy. Continue Reading JLL Debuts CRE Decarbonization Solution
Westfield to Surrender San Francisco Centre Mall to Lender
“San Francisco Centre’s debt is non-recourse and this action has no impact on the rest of [Unibail-Rodamco-Westfield’s] debt,” said the company. Continue Reading Westfield to Surrender San Francisco Centre Mall to Lender
Redwood Trust in Joint Venture on Bridge Loans Investments
The joint venture intends to initially finance its portfolio with warehouse facilities. Continue Reading Redwood Trust in Joint Venture on Bridge Loans Investments
Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86
Cadogan Estates owns nearly 100 acres of prime real estate in the Kensington and Chelsea sections of London. Continue Reading Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86
A Phil Hall Op-Ed: Real Estate and the New Illegal Immigrants
Last week, New York City Mayor Eric Adams filed a lawsuit against 30 counties in upstate New York for refusing to accept illegal immigrants currently housed across the Big Apple. “Since this crisis began, New York City has — virtually on its own — stepped up to...
Elon Musk Blamed for Goldman Sachs’ CRE Woes
Musk stopped paying rent for the Twitter offices in November. Continue Reading Elon Musk Blamed for Goldman Sachs’ CRE Woes
Blackstone Acquires Majority Stake in Out-of-Home Media Company
New Tradition Media’s portfolio includes One Times Square in New York City and The Reef in Los Angeles. Continue Reading Blackstone Acquires Majority Stake in Out-of-Home Media Company
MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year
Chandler is executive vice president, chief credit officer and chief operating officer with M&T Realty Capital Corp. in Baltimore. Continue Reading MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year
REIT Forfeits on $725M Loan for Two San Francisco Hotels
CEO and Chairman Thomas J. Baltimore Jr. called it a “very difficult, but necessary decision.” Continue Reading REIT Forfeits on $725M Loan for Two San Francisco Hotels
Fitch Ratings Downgrades REIT Sector to ‘Deteriorating’
Fitch predicted the U.S. economy will go into a recession, most likely late in the year. Continue Reading Fitch Ratings Downgrades REIT Sector to ‘Deteriorating’













