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VTS Buys PropertyCapsule to Expand Online Real Estate Offerings
News 21 hours ago
VTS Buys PropertyCapsule to Expand Online Real Estate Offerings
Source NREI - Wire

The deal is valued at $20 million. (Bloomberg)—VTS Inc., a closely held provider of online real estate services, acquired another web-based...

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10 Must Reads for the CRE Industry Today (October 16, 2019)
News 22 hours ago
10 Must Reads for the CRE Industry Today (October 16, 2019)
Source NREI - Wire

WeWork’s bonds fell to a new low this week, reports the Wall Street Journal. Global banks saw a significant increase in earnings from government...

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WeWork, Landlord Scrap Deal for 36-Story Seattle Tower Lease
News 1 day ago
WeWork, Landlord Scrap Deal for 36-Story Seattle Tower Lease
Source NREI - Wire

The company has backed out of a project at Third Avenue and Lenora Street in Seattle. (Bloomberg)—WeWork has backed out of an ambitious project to...

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Credit Suisse Warns That U.S. Store Closings May Worsen in 2020
News 2 days ago
Credit Suisse Warns That U.S. Store Closings May Worsen in 2020
Source NREI - Wire

Next year may bring as many, if not more, U.S. store closings as 2019, Credit Suisse analysts predict. (Bloomberg)—Explore what’s moving the global...

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Bed Bath & Beyond Pins Its Hopes to the Magic of Target: Sarah Halzack
News 6 days ago
Bed Bath & Beyond Pins Its Hopes to the Magic of Target: Sarah Halzack
Source NREI - Wire

The retailer’s new CEO is an impressive poaching effort for a chain that badly needed new leadership. (Bloomberg Opinion)—Bed Bath & Beyond Inc.’s...

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Manhattan’s Rental ‘Glampers’ Send Luxury Lease Prices Soaring
News 6 days ago
Manhattan’s Rental ‘Glampers’ Send Luxury Lease Prices Soaring
Source NREI - Wire

Rents on super-luxury rents in Manhattan rose 9.1 percent in September compared to a year earlier. (Bloomberg)—Manhattan rents are on the rise, and...

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10 Must Reads for the CRE Industry Today (October 4, 2019)
News 1 week ago
10 Must Reads for the CRE Industry Today (October 4, 2019)
Source NREI - Wire

Investors have ramped up their expectations for a rate cut at the Fed’s Oct. 29-30 meeting, reports The New York Times. There is a growing demand...

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10 Must Reads for the CRE Industry Today (October 2, 2019)
News 2 weeks ago
10 Must Reads for the CRE Industry Today (October 2, 2019)
Source NREI - Wire

Food-delivery companies add supermarkets and convenience stores to increase revenue, according to the Wall Street Journal. International Workplace...

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Five Must Reads for the CRE Industry Today (October 1, 2019)
News 2 weeks ago
Five Must Reads for the CRE Industry Today (October 1, 2019)
Source NREI - Wire

Amazon starts to sign leases for its new grocery store chain, reports the Wall Street Journal. CNBC looks at why real estate is still the best...

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Manhattan’s Historic Coca-Cola Building Sells for $955 Million
News 2 weeks ago
Manhattan’s Historic Coca-Cola Building Sells for $955 Million
Source NREI - Wire

The deal comes just a month after Nightingale Properties and Wafra Capital bought the property for $909 million. (Bloomberg)—Talk about a fast flip...

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WeWork’s Cash Clock Is Running Down Quickly
News 2 weeks ago
WeWork’s Cash Clock Is Running Down Quickly
Source NREI - Wire

The company’s two newly appointed CEOs need to quickly figure out how to raise enough money by next spring. (Bloomberg)—WeWork has only enough cash...

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WeWork Turmoil Raises High-Stakes Questions About Office Sharing
News 2 weeks ago
WeWork Turmoil Raises High-Stakes Questions About Office Sharing
Source NREI - Wire

The next question after WeWork tried to resolve its governance issues is: does its business model make sense? (Bloomberg)—Does WeWork work? After...

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8 Must Reads for the CRE Industry Today (September 24, 2019)
News 3 weeks ago
8 Must Reads for the CRE Industry Today (September 24, 2019)
Source NREI - Wire

New York City office leasing is losing momentum, reports the New York Post. Real estate developers are starting to market buildings to the short...

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MGM in Talks to Sell Circus Circus to Trump Partner in Las Vegas
News 3 weeks ago
MGM in Talks to Sell Circus Circus to Trump Partner in Las Vegas
Source NREI - Wire

Real estate mogul Phil Ruffin might buy the casino. (Bloomberg)—MGM Resorts International, the largest casino operator on the Las Vegas Strip, is...

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10 Must Reads for the CRE Industry Today (September 19, 2019)
News 3 weeks ago
10 Must Reads for the CRE Industry Today (September 19, 2019)
Source NREI - Wire

The New York Times looks at why the Federal Reserve decided to cut rates again. Airbnb plans an IPO in 2020, reports Reuters. These are among today...

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Blackstone Is in Talks to Buy the Bellagio and MGM Grand
News 1 month ago
Blackstone Is in Talks to Buy the Bellagio and MGM Grand
Source NREI - Wire

The private equity firm is negotiating to be the buyer in the sale leaseback of the two casinos. (Bloomberg)—Blackstone Group Inc. is in advanced...

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10 Must Reads for the CRE Industry Today (September 13, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (September 13, 2019)
Source NREI - Wire

FHFA sets new limits for the GSEs on multifamily loans, reports the Wall Street Journal. Forbes looks at how real estate investors can prepare for...

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Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
News 1 month ago
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
Source NREI - Wire

A restructuring plan would call for the retailer to close at least 100 locations. (Bloomberg)—Forever 21 Inc. is preparing to close at least 100...

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Bondholders With $1.1 Billion Riding on N.J. Mall Get a Peek
News 1 month ago
Bondholders With $1.1 Billion Riding on N.J. Mall Get a Peek
Source NREI - Wire

Bondholders on American Dream will visit the complex this Thursday to see what they bet on. (Bloomberg)—Wall Street has over $1.1 billion riding on...

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Anbang Sells Luxury Hotels to South Korea's Mirae for $5.8 Billion
News 1 month ago
Anbang Sells Luxury Hotels to South Korea's Mirae for $5.8 Billion
Source NREI - Wire

Mirae posted a 10 percent deposit this week on the acquisition of 15 hotels from Anbang. (Bloomberg)—Anbang Insurance Group Co. agreed to sell a...

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WeWork Mulls Governance Changes to Save IPO
News 1 month ago
WeWork Mulls Governance Changes to Save IPO
Source NREI - Wire

WeWork financial advisers JPMorgan Chase and Goldman Sachs have created a push to reform the firm’s governance. (Bloomberg)—WeWork is considering...

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Stung Luxury Dorm Bondholders Say University Broke Promises
News 1 month ago
Stung Luxury Dorm Bondholders Say University Broke Promises
Source NREI - Wire

Bonds issued in 2017 to finance student housing at the University of Oklahoma lost a third of their value after the university terminated its lease...

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10 Must Reads for the CRE Industry Today (September 10, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (September 10, 2019)
Source NREI - Wire

Amazon's three-story warehouse can reduce delivery times in congested cities, reports the Wall Street Journal. The hotel industry continues to...

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WeWork May Sell a Lot of Junk Bonds Just Like Netflix: Executive
News 1 month ago
WeWork May Sell a Lot of Junk Bonds Just Like Netflix: Executive
Source NREI - Wire

The co-working company plans to rely on junk bonds for funding in the near term. (Bloomberg)—While WeWork is aiming for investment-grade status...

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Foreign Investment in U.S. Commercial Property Drops Almost 50%
News 1 month ago
Foreign Investment in U.S. Commercial Property Drops Almost 50%
Source NREI - Wire

Deals involving foreign investment in U.S. commercial real estate totaled $16.9 billion in the first six months of 2019. (Bloomberg)—Foreign...

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L Brands Investors Poised to Demand Answers After 35% Hammering
News 1 month ago
L Brands Investors Poised to Demand Answers After 35% Hammering
Source NREI - Wire

The company, which owns Victoria’s Secret and Bath & Body Works, has been struggling lately. (Bloomberg)—Many apparel retailers are having a rough...

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How a Manhattan Scion Built a Rural Empire
News 1 month ago
How a Manhattan Scion Built a Rural Empire
Source NREI - Wire

The son of developer Sheldon Solow has amassed 325,000 acres of agricultural land over the past two decades. (Bloomberg)—Stefan Soloviev is in his ...

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10 Must Reads for the CRE Industry Today (September 6, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (September 6, 2019)
Source NREI - Wire

WeWork's original $47 billion valuation looks far too high, reports the Wall Street Journal. Forbes looks at how much homeowners near colleges with...

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Founded in 1670 to Trade Furs, Hudson’s Bay Chases Relevance
News 1 month ago
Founded in 1670 to Trade Furs, Hudson’s Bay Chases Relevance
Source NREI - Wire

Hudson’s Bay is finding it challenging to capture millennial shoppers. (Bloomberg)—When Sears Canada announced it was closing all of its stores in...

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10 Must Reads for the CRE Industry Today (September 4, 2019)
News 1 month ago
10 Must Reads for the CRE Industry Today (September 4, 2019)
Source NREI - Wire

Forbes looks at the rise of the virtual food hall. The manufacturing sector slowed in August, heightening fears of an incoming recession, reports...

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