Local News

News 6 days ago
HJ Sims Closes Financings For Lenbrook, MRC Manalapan; Partners With Voralto For Acquisition

FAIRFIELD, Conn., May 26, 2020 /PRNewswire/ -- HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is...

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Bank of America Staff Will Return to Office in Phases With 30 Days’ Notice
News 6 days ago
Bank of America Staff Will Return to Office in Phases With 30 Days’ Notice

The moves will vary by role, department and location, and workers will be notified at least 30 days before they're scheduled to return, according...

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Fitness Clubs Facing $10 Billion Revenue Hit as Members Flee
News 6 days ago
Fitness Clubs Facing $10 Billion Revenue Hit as Members Flee
Source NREI - Retail

A survey of 1,000 fitness club users showed more than a third have cancelled or plan to cancel their gym memberships. (Bloomberg)—Fitness clubs...

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Push to Build Temporary Pandemic Hospitals Eases as Fear of a Surge Remains
News 6 days ago
Push to Build Temporary Pandemic Hospitals Eases as Fear of a Surge Remains

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Architect Vetter invests again in Walker's Point
News 6 days ago
Architect Vetter invests again in Walker's Point

Milwaukee architect John Vetter bought an 1889 warehouse in the Walker's Point area, calling it a "fantastic opportunity to further enrich an...

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More US Office Tenants May Skirt Rent as Coronavirus Wears On
News 6 days ago
More US Office Tenants May Skirt Rent as Coronavirus Wears On

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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ULI's Latest Forecast Calling for Strong U.S. Rebound in 2021
News 6 days ago
ULI's Latest Forecast Calling for Strong U.S. Rebound in 2021
Source Urbanland

The COVID-19 outbreak delivered a severe and rapid shock to the U. S. economy, and the recovery will not be nearly as fast-moving. However, the...

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Furniture Chain Latest to Sell, Lease Back Properties to Raise Cash in Pandemic
News 6 days ago
Furniture Chain Latest to Sell, Lease Back Properties to Raise Cash in Pandemic

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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A J.C. Penney REIT Is an ‘Odd Value Proposition’ in Today’s Climate. But its Stores Could Attract a Wealthy Buyer
News 6 days ago
A J.C. Penney REIT Is an ‘Odd Value Proposition’ in Today’s Climate. But its Stores Could Attract a Wealthy Buyer
Source NREI - Retail

Given unraveling retail rents, a J.C. Penney REIT might be a tough sell in this environment. But the chain’s stores might become a goldmine for...

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KKR acquires majority stake in French private real estate company
News 6 days ago
KKR acquires majority stake in French private real estate company
Source CRE HERALD

Global investment firm KKR has acquired a strategic stake in Etche from Groupe BMF and co-founders. Etche is a private real estate company, founded...

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New Tech Demand Puts Qualcomm Back in Space Expansion Mode
News 6 days ago
New Tech Demand Puts Qualcomm Back in Space Expansion Mode

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Tools & Tactics the CRE Industry is Using to Reopen
News 6 days ago
Tools & Tactics the CRE Industry is Using to Reopen

Americans are itching to get back to a sense of normalcy. Here are ways building owners and managers are making that happen safely. The number of...

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Eight Must Reads for the CRE Industry Today (May 26, 2020)
News 6 days ago
Eight Must Reads for the CRE Industry Today (May 26, 2020)

New analysis from CoStar showed that 14 of the 20 largest mall tenants are either apparel retailers or department stores, including several names...

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Is An Owner-Operator Business Model The Key To Helping Coworking Companies Survive?
News 6 days ago
Is An Owner-Operator Business Model The Key To Helping Coworking Companies Survive?

There are difficult conversations happening between landlords and their coworking operator tenants, who are struggling to pay rent as revenue...

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6 must reads for the AEC industry today: May 26, 2020
News 6 days ago
6 must reads for the AEC industry today: May 26, 2020

Apple's new Austin hotel and is CLT really a green solution? 1. Apple is building a 192-room hotel on its billion-dollar Austin Campus (BD+C) "The...

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Industrial Headed For Short-term Pinch, Long-term Gain
News 6 days ago
Industrial Headed For Short-term Pinch, Long-term Gain

It's no secret that industrial owners are more insulated from the current crisis than their peers in office, retail or hospitality. But projections...

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$32B In CMBS Loans In Special Servicing, Almost All Hotel And Retail
News 6 days ago
$32B In CMBS Loans In Special Servicing, Almost All Hotel And Retail

Another $9.4B of CMBS loans went into special servicing as of May 19, adding to the $10.1B transferred in April, according to Moody's Investors...

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Only 15% Of Workers Want To Return To The Office Full Time
News 6 days ago
Only 15% Of Workers Want To Return To The Office Full Time

Working at home should be an option for at least part of the time once workers are allowed to return to the office, according to a new survey...

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Hong Kong Office Market Continues to Decentralize in April
News 6 days ago
Hong Kong Office Market Continues to Decentralize in April

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of...

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Elevators Could Thwart Office Re-Entry
News 6 days ago
Elevators Could Thwart Office Re-Entry

Elevators make the modern city possible. In New York City alone, commuters take an estimated 4 million elevator rides per day on tens of thousands...

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Scotiabank Earmarks $1.33 Billion for Bad Loans in Pandemic
News 6 days ago
Scotiabank Earmarks $1.33 Billion for Bad Loans in Pandemic

Scotiabank earmarked C$1.85 billion ($1.33 billion) for soured loans, less than analysts expected. Canada's six biggest banks are expected to set...

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Saks’s Owner Denies Claim It Stripped Assets in Reorganization
News 6 days ago
Saks’s Owner Denies Claim It Stripped Assets in Reorganization

In a memo filed Saturday in New York in response to the lawsuit by U. S. lenders, the company called it "a transparent attempt to gain leverage in...

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Borrowers Pony Up More Cash Reserves to Move Loans Forward
News 6 days ago
Borrowers Pony Up More Cash Reserves to Move Loans Forward

Many lenders that hit the pause button on new originations at the start of the pandemic are stepping back into action, albeit with a more...

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Despite Low Vacancy, Toledo Industrial Market Lacks Spec Development
News 6 days ago
Despite Low Vacancy, Toledo Industrial Market Lacks Spec Development

Positive net absorption totaled 872,584 square feet of industrial space in the second half of 2019, largely due to the First Solar facility, a 1.1...

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Ethan Penner: This is the Time Where You Make Careers
News 6 days ago
Ethan Penner: This is the Time Where You Make Careers

For Ethan Penner, CEO and co-founder of Mosaic Real Estate Investors, each investment cycle has its own tempo. That knowledge can provide comfort...

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A Florida toy importer braces for retail upheaval
News 6 days ago
A Florida toy importer braces for retail upheaval

The Boca Raton, Florida importer sells toys to retailers like Walmart Inc (WMT.N), Target Corp (TGT.N), Amazon.com Inc (AMZN.O), TJX Cos Inc (TJX.N...

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Why Experts Expect Challenges Pricing Student Housing
News 6 days ago
Why Experts Expect Challenges Pricing Student Housing

Student housing operates on its own field. Unlike traditional apartments, student housing has a leasing schedule set by the academic calendar and...

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April Job Losses Bring Seattle's Labor Force to 2013 Levels
News 6 days ago
April Job Losses Bring Seattle's Labor Force to 2013 Levels

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Black Creek Group Buys Torrance Industrial Warehouse
News 6 days ago
Black Creek Group Buys Torrance Industrial Warehouse

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Rising Apartment Vacancies Are Boosting Concessions in Salt Lake City
News 6 days ago
Rising Apartment Vacancies Are Boosting Concessions in Salt Lake City

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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National News

New Brokerage to Handle Leasing at Former Be The Match Headquarters
News 3 days ago
New Brokerage to Handle Leasing at Former Be The Match Headquarters

Office Complex Has Stayed in Use During COVID-19 Outbreak Watch the video to learn how you can access industry leading CRE news and the data...

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Stan Johnson Co. Grows West Coast Presence With Three Brokers From Marcus & Millichap
News 3 days ago
Stan Johnson Co. Grows West Coast Presence With Three Brokers From Marcus & Millichap

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Office Leasing Could Take a Year to Recover, House Passes Small Business Loan Bill, Consumer Spending Down as Savings Rise
News 3 days ago
Office Leasing Could Take a Year to Recover, House Passes Small Business Loan Bill, Consumer Spending Down as Savings Rise

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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With Reopening of States, Apartment Evictions Will Return, Colorado Governor Says
News 3 days ago
With Reopening of States, Apartment Evictions Will Return, Colorado Governor Says

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Menlo Equities Buys Three-Office Portfolio in California's Orange County for $38.8 million
News 3 days ago
Menlo Equities Buys Three-Office Portfolio in California's Orange County for $38.8 million

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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E-Commerce Auto Parts Retailer to Open New Texas Distribution Hub This Year
News 3 days ago
E-Commerce Auto Parts Retailer to Open New Texas Distribution Hub This Year

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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NAIOP Projects Eventual Office Market Rebound In Late 2021
News 3 days ago
NAIOP Projects Eventual Office Market Rebound In Late 2021

WASHINGTON, D. C. - A new report published by the NAIOP Research Foundation projects positive absorption of office space beginning in the third...

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Plexiglass Cubes Can’t Solve Coronavirus Conundrum
News 3 days ago
Plexiglass Cubes Can’t Solve Coronavirus Conundrum

Due to the coronavirus pandemic, plastic partitions between desks are "hot right now." From Cushman & Wakefield to the Occupational Safety and...

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Is now the best time to refinance your mortgage?
News 3 days ago
Is now the best time to refinance your mortgage?

The coronavirus pandemic has many Americans rethinking their budgets as unemployment rates climb. One potential silver lining is the effect on...

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North American Major Retailers Reports and Database 2020 - Gain Access to 5,000+ Buyer Contacts - ResearchAndMarkets.com
News 3 days ago
North American Major Retailers Reports and Database 2020 - Gain Access to 5,000+ Buyer Contacts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Major Retailers Reports and Database: North America" database has been added to ResearchAndMarkets.com's offering....

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Retailing’s Coronavirus Woes May Be Opportunity for Cash-Rich Real Estate Investors
News 3 days ago
Retailing’s Coronavirus Woes May Be Opportunity for Cash-Rich Real Estate Investors

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Reopening and the Law, Long Term Office Impact, Seeking Success in All This: What You Said
News 3 days ago
Reopening and the Law, Long Term Office Impact, Seeking Success in All This: What You Said

Saul Ewing Arnstein & Lehr attorney Louis P. Archambault laid out some clear legal points to consider-and why-for businesses seeking to reopen from...

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Bicycle shop in Mt. Juliet deals with nationwide bike shortage
News 3 days ago
Bicycle shop in Mt. Juliet deals with nationwide bike shortage

MT. JULIET (WSMV) - One of the busiest places these last few weeks have been bicycle shops all around middle Tennessee. On top of a nationwide...

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Ventas to Cut 25% of Workforce as Result of Pandemic
News 3 days ago
Ventas to Cut 25% of Workforce as Result of Pandemic

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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MGM Resorts Plans to Open Three Las Vegas Strip Properties
News 3 days ago
MGM Resorts Plans to Open Three Las Vegas Strip Properties

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Zoning in the Age of COVID-19
News 3 days ago
Zoning in the Age of COVID-19

Keeping deals on track during the pandemic requires us to stay abreast of constantly shifting limitations and restrictions on the way we do...

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National Guard Called In, Stores Close As Violent Protests Disrupt Minneapolis-St. Paul
News 3 days ago
National Guard Called In, Stores Close As Violent Protests Disrupt Minneapolis-St. Paul

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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This Recession Will See a Faster Race to the Bottom for Prices, Analyst Predicts
News 3 days ago
This Recession Will See a Faster Race to the Bottom for Prices, Analyst Predicts

A senior vice president at Real Capital Analytics says the drivers in the current economic downturn are different than the ones that spurred the...

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Refinance Mortgage, Refinancing Rates, Mortgage Rates
News 3 days ago
Refinance Mortgage, Refinancing Rates, Mortgage Rates

Complete Our 2-Minute Questionnaire to See What Quicken Loans Could Save You! The payment on a $200,000 15-year fixed-rate loan at 3.125%% and 75%...

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South Carolina Private Equity Firm Picks Up Mooresville Apartment Complex
News 3 days ago
South Carolina Private Equity Firm Picks Up Mooresville Apartment Complex

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Scott Electric Signs Long-Term Deal in West Pittsburgh
News 3 days ago
Scott Electric Signs Long-Term Deal in West Pittsburgh

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Editor's notebook: When the economy shut down due to Covid-19, small business owners opened up to us
News 3 days ago
Editor's notebook: When the economy shut down due to Covid-19, small business owners opened up to us

Across the country, the 44 publications that make up the Business Journal network are following 247 small businesses to track how they are dealing...

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Crossroads Plaza Shopping Center Trades Hands in Suburban in St. Louis
News 3 days ago
Crossroads Plaza Shopping Center Trades Hands in Suburban in St. Louis

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Covid-19 Bulletin: Positive Move-In Trends; TIME Reports on ‘Largely Overlooked’ Assisted Living Industry
News 3 days ago
Covid-19 Bulletin: Positive Move-In Trends; TIME Reports on ‘Largely Overlooked’ Assisted Living Industry

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest...

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Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
News 3 days ago
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Edgardo Defortuna and a rendering of La Playa de Varadero Developer Edgardo Defortuna could launch sales of an oceanfront project in Sunny Isles...

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Landlord Sues NBA for $1.3 Million in Unpaid Rent
News 3 days ago
Landlord Sues NBA for $1.3 Million in Unpaid Rent

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Days After Calling It Quits, the Penguins Are Back in Business in Pittsburgh's Hill District
News 3 days ago
Days After Calling It Quits, the Penguins Are Back in Business in Pittsburgh's Hill District

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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US High-End Hotels Took a Drubbing in April as Pandemic Nixed Lucrative Corporate Business
News 3 days ago
US High-End Hotels Took a Drubbing in April as Pandemic Nixed Lucrative Corporate Business

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is...

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Cresco Labs to acquire four Ohio marijuana dispensaries in deal worth at least $1.5 million
News 3 days ago
Cresco Labs to acquire four Ohio marijuana dispensaries in deal worth at least $1.5 million

Cresco Labs (CSE:CL) (OTCQX:CRLBF), a multistate cannabis company based in Chicago, has announced a deal to acquire four dispensary licenses from...

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Starwood Defaults on $254M Israeli Bond, CMBS Malls Hang in the Balance
News 3 days ago
Starwood Defaults on $254M Israeli Bond, CMBS Malls Hang in the Balance

A Starwood Capital Group mall portfolio has entered into default on a $254 million bond in Tel Aviv, and companies are bidding over how to...

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