By Richard Berger Amid the backdrop of economic uncertainty and high-interest rates, Keyway released a new report on how commercial real estate sectors have performed historically during an economic downturn. Looking back at the Great Recession of 2008, Keyway uncovered trendlines about commercial real estate sub-sectors that performed best then and how they could again […]
By Erik Sherman In the closing of First Republic Bank by the Federal Deposit Insurance Corporation and its sale to JPMorgan Chase, there was mention of a loss-share transaction for loans. Both the FDIC and JPMorgan Chase will share costs and potential recoveries from single family, residential, and commercial loans that the bank bought from First Republic. […]
By Jack Rogers | April 25, 2023 at 04:10 PM In a sign that one of the strongest life sciences markets in the US is weakening, Alexandria Real Estate Equities is offering for sale a suburban Boston office complex valued at $170 million, a 28% discount, after a softening market changed plans to convert the property to life […]
By Natalie Lung and Crystal Chui Big Tech earnings this week will offer investors a dose of reality following this year’s impressive gains in the sector that were powered by hype over artificial intelligence. Analysts are expecting tech profits to register the biggest drop since 2009, with businesses curbing spending on software, cloud and advertising services as they’re pinched […]
Daphne Howland Senior Reporter Dive Brief: Dive Insight: Founded in 1971, Bed Bath & Beyond is one of the original “category killers” — retailers that took advantage of department stores’ declining appeal to establish specialty stores offering discount prices. The home goods company went public in 1992 and its revenues surpassed $1 billion by 1999, per its court […]
By Jack Rogers | April 17, 2023 at 07:50 AM The last time we talked to Bert Van Hoof, president and chief operating officer of Willow, Bert told us in December that WillowTwin was linking with Microsoft’s Sustainability Cloud to develop an AI-driven intelligent rules engine designed to integrate building systems and replicate the knowledge of aging operators. […]
By Lynn Pollack | February 23, 2023 at 05:53 PM Massachusetts has the lowest vacancy rate of rental homes in a recent study, followed by Maine, Utah, Kentucky, and Montana. According to TexasRealEstateSource.com, utilizing US Census Bureau data, Massachusetts has the tightest vacancy rate for rental properties at 2.8%, followed by Maine at 2.9%, Utah at 3%, Kentucky at […]
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, Feb 6, 2023 A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings — are seeing their rental income eroded as the office market remains squarely in favor of tenants. It represents another challenge facing the office market, […]
January 26, 2023 Jarred Schenke, Bisnow Atlanta Amazon has tapped a Harvard-educated designer with experience in drafting municipal land use policies as its new vice president of worldwide corporate real estate and facilities. Amazon named Shannon Loew to the position previously held by John Schoettler, who will remain with the company, the Austin Business Journal reported. Loew’s hiring comes as […]
Buck Wargo | Feb 09, 2023 A new firm is trying to create its own version of a commercial real estate dating service with the launch of a tech-enabled platform that matches 1031 exchange buyers with sales brokers. Miami-based nxtCRE, which secured Series A funding from private equity firm Riverlake Partners in late 2022, announced in late […]
