Commercial Real Estate
Women’s Fashion Retailer Francesca’s to Close All Stores
The chain has more than 450 stores in 45 states, with 3,400 employed as associates. Continue Reading Women’s Fashion Retailer Francesca’s to Close All Stores
UK Approves China’s Mega-Embassy in London
China purchased the building – the former site for the Royal Mint – in 2018 for $312 million. Continue Reading UK Approves China’s Mega-Embassy in London
GTIS Partners Debuts Build-to-Rent Community Development Subsidiary
Seven additional build-to-rent communities are now underway. Continue Reading GTIS Partners Debuts Build-to-Rent Community Development Subsidiary
College in Brooklyn Sells Campus for $160 Million
The campus was acquired by an affiliate of Henry Elghanayan’s Rockrose Development. Continue Reading College in Brooklyn Sells Campus for $160 Million
Commercial Real Estate Upheaval is Possible, Warns Member of New York Federal Reserve Board
Scott Rechler, an executive who also serves on the board overseeing the New York Federal Reserve warned on Twitter of potentially systemic problems in the real estate finance market and called on the industry to work with authorities to avoid things getting out of...
How multifamily investors can prepare for a recession
Source: J.P. Morgan --- More than half of commercial real estate leaders—including those with multifamily property rentals—believe a recession is likely this year, according to JPMorgan Chase’s 2023 Business Leaders Outlook: Commercial Real Estate. We asked three...
Commercial real estate vital to law encouraging new housing near public transit
Source: MetroWest Daily News --- As more than 170 Massachusetts cities and towns begin drafting proposals to comply with the state’s new multifamily housing requirements, city planners and business leaders say commercial real estate could play a significant role in...
Banks Collapse Affecting Mortgage Rates, VC, PropTech
Source: Globest --- A drop in home mortgage rates, a pause (or even cut) by the Federal Reserve at its March 22 meeting, and the need to obtain new letters of credit are among the matters to ponder as commercial real estate companies and venture-capital groups sort...
ChatGPT Could Find a Place in Commercial Real Estate. In Some Ways, It Already Has.
Source: CoStar --- When Barbi Reuter, CEO and principal of Cushman & Wakefield | PICOR Commercial Real Estate Services in Tucson, Arizona, went to write an opening statement for an annual awards ceremony, she decided to open up the artificial intelligence chatbot...
Trends And Opportunities In The Evolving World Of Commercial Real Estate (CRE)
Source: Forbes --- In this article, I wish to explore the rapidly evolving world of commercial real estate (CRE) and point out current trends and opportunities occurring in this massive industry going forward. It includes a few surprises for some, and simple...
COMMERCIAL BORROWERS SEEK FLEXIBILITY AMID VOLATILE LENDING LANDSCAPE
Source: RE Business Online --- After eight interest rate hikes totaling 450 basis points over the last 10 months, courtesy of the Federal Reserve’s war on inflation, commercial borrowers can only hope that the fundamental law of gravity — “what goes up must come down”...
Equifax Adds More Monthly Payments to Consumer Credit Files
Equifax is now offering additional insight into consumer credit by including certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry. The company says this will help create greater home ownership opportunities for more...
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