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Commercial Real Estate News

In this section we've added RSS feeds from several commercial property news sources.

Click on a headline for a full story, then hit your back arrow for more headlines.

    
CoStar
A case scheduled to come before the California Supreme Court Sept. 7 is set to re-examine the fiduciary responsibilities borne by real estate brokers who engage in "dual agency" representation -- the situation in which buyers, sellers, landlords and tenants are represented by brokers within the same real estate agency or brokerage, a commonplace practice in both residential and commercial property transactions. The California Supreme Court in 2014...
The long-trending CRE up-cycle has created a mini-boom in broker ranks over recent years, with the larger number of younger, first-time commercial brokers reducing the median years of experience among all brokers, and also lowering average annual incomes for brokers. The number of commercial members with less than two years of experience nearly doubled to 9% in 2016, from 5% in 2015, according to the National Association of Realtors’ 2016 Commercial...
U.S. banks have continued to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks, according to the latest weekly bank asset numbers from the Federal Reserve, an indication that banks are originating fewer multifamily loans than the number of loans being paid off. On July 20, 2016, multifamily loan assets on bank books totaled $296.3 billion. As of Aug. 10 (the latest numbers)...
An affiliate of Qatar Investment Authority (QIA) has paid $622 million for a 9.9% interest in Empire State Realty Trust, Inc. (NYSE: ESRT), owner of the 102-story Empire State Building. The minority stake acquired by QIA in Empire State Realty, which became a publicly traded REIT in October 2013, is part of a plan announced last year by the Qatari sovereign wealth fund to invest $35 billion in U.S. real estate over the next five years, opening...
Investment manager Rubenstein Partners LP teamed with Indianapolis-based Strategic Capital Partners (SCP) to acquire the eight-building Parkwood Crossing office park in Indianapolis from Duke Realty for $162.9 million, or about $135 per square foot. The 1.2 million-square-foot office park was developed between 1989 and 2005 by Duke Realty at 250-900 E. 96th St., in the Meridian Corridor submarket of Hamilton County. Situated at the junction of...
      
National Real Estate Investor
Giddy leasing brokers have been loath to point that growth was going anywhere but up for the tech sector—until now.

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It could be the last department store standing at your local mall.

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The commercial real estate sector in the U.S. is benefiting from Brexit, according to EconoTimes. The Dallas Federal Reserve President indicated the chances of an upcoming interest rate hike are increasing, reports CNBC. These are among today’s must reads from around the commercial real estate industry.

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While every hotel brand under the sun makes moves to attract millennials, hostels are doing the very opposite.

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Wall Street Journal
Twenty-five years after racial violence propelled Crown Heights into the national spotlight, the Brooklyn neighborhood has become a hot real-estate market.
While other countries grappling to contain frothy housing markets have moved to cool foreign investment, New Zealand boasts one of the world’s most open-door policies.
Canadian developer Triple Five is hoping to restart construction next month on the long-delayed retail and amusement project in East Rutherford, N.J., called American Dream.
Real-estate investment trust MAA is nearing a deal to buy Post Properties for about $4 billion, bringing together two major apartment owners who have benefited from a boom in rental demand.
A roundup of real-estate news in the Greater New York region.
      
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