#commercial-real-estate

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#tishman-speyer

Hudson Yards skyscraper Spiral lands private equity giant in major relocation deal

TPG's relocation to The Spiral reflects significant growth and strategic planning for its New York office presence.
The Spiral building's rapid occupancy increase highlights Hudson Yards as a new corporate epicenter.
from New York Post
2 weeks ago

Famed Park Avenue office tower gives aging event space a facelift

Club 101 at 101 Park Ave. has undergone a vibrant remodel, enhancing its appeal for tenants and visitors.
Tishman Speyer's refinancing of Rockefeller Center marks a significant investment in commercial real estate modernization.
from therealdeal.com
2 months ago

Tishman Speyer lands $301M refi on historic Macy's building in Downtown Brooklyn

Tishman Speyer secured a $301 million refinancing deal to continue its redevelopment of the historic Macy's building in Downtown Brooklyn.

Hudson Yards skyscraper Spiral lands private equity giant in major relocation deal

TPG's relocation to The Spiral reflects significant growth and strategic planning for its New York office presence.
The Spiral building's rapid occupancy increase highlights Hudson Yards as a new corporate epicenter.

Famed Park Avenue office tower gives aging event space a facelift

Club 101 at 101 Park Ave. has undergone a vibrant remodel, enhancing its appeal for tenants and visitors.
Tishman Speyer's refinancing of Rockefeller Center marks a significant investment in commercial real estate modernization.

Tishman Speyer lands $301M refi on historic Macy's building in Downtown Brooklyn

Tishman Speyer secured a $301 million refinancing deal to continue its redevelopment of the historic Macy's building in Downtown Brooklyn.
moretishman-speyer
#hybrid-work
from Computerworld
5 days ago
Remote teams

Get-back-to-your-desk mandates spark office refill revolution

Return-to-office mandates are increasing, but many workers prefer hybrid models and upscale office spaces are still lacking.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.

'Adaptive' facilities management can address 'radical changes' in work world: Colliers

Facilities management must adapt to changing work habits and occupier expectations for strategic success.

Cell phone data shows DFW workers returning to office

Dallas-Fort Worth's office return rates are rebounding to nearly pre-pandemic levels, outperforming other Texas markets.

Get-back-to-your-desk mandates spark office refill revolution

Return-to-office mandates are increasing, but many workers prefer hybrid models and upscale office spaces are still lacking.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.

'Adaptive' facilities management can address 'radical changes' in work world: Colliers

Facilities management must adapt to changing work habits and occupier expectations for strategic success.

Cell phone data shows DFW workers returning to office

Dallas-Fort Worth's office return rates are rebounding to nearly pre-pandemic levels, outperforming other Texas markets.
morehybrid-work
#remote-work

'Permanent downsizing': Raleigh, Durham among top work-from-home destinations, as office vacancies rise

Raleigh and Durham are popular work-from-home destinations, affecting office vacancy rates and real estate valuations.
from Benzinga
3 months ago

Work From Home Has Hit Office Real Estate The Hardest In These 5 US Cities - Alexandria Real Estate (NYSE:ARE), BXP (NYSE:BXP)

COVID-19 hastened remote work preference, causing commercial real estate crisis.
from San Francisco Chronicle
5 months ago

'Doom, but not loop': Has San Francisco dodged the worst-case scenario?

San Francisco is still grappling with financial challenges due to remote work impacts, but worst-case scenarios have not materialized.

'Permanent downsizing': Raleigh, Durham among top work-from-home destinations, as office vacancies rise

Raleigh and Durham are popular work-from-home destinations, affecting office vacancy rates and real estate valuations.

Work From Home Has Hit Office Real Estate The Hardest In These 5 US Cities - Alexandria Real Estate (NYSE:ARE), BXP (NYSE:BXP)

COVID-19 hastened remote work preference, causing commercial real estate crisis.

'Doom, but not loop': Has San Francisco dodged the worst-case scenario?

San Francisco is still grappling with financial challenges due to remote work impacts, but worst-case scenarios have not materialized.
moreremote-work

'Beyond our control': Another restaurant closes at Universal CityWalk

Universal CityWalk has seen multiple closures, including the recent departure of Mini Monster, due to unsuccessful lease negotiations and rising commercial rents.
#office-leasing

Banks buck downsizing trend, re-up for 300K sf in Irvine

Three banks renewed significant office leases in Irvine, defying local downsizing trends.
The commercial real estate market is experiencing challenges, despite some banks committing to larger office spaces.
Overall leasing activity for large office spaces in Orange County has decreased significantly this year.

LA office leasing hits post-pandemic high, up 27% from a year ago

Leasing activity for offices in Los Angeles is increasing post-pandemic, marking a 27% year-over-year increase in the third quarter.

Banks buck downsizing trend, re-up for 300K sf in Irvine

Three banks renewed significant office leases in Irvine, defying local downsizing trends.
The commercial real estate market is experiencing challenges, despite some banks committing to larger office spaces.
Overall leasing activity for large office spaces in Orange County has decreased significantly this year.

LA office leasing hits post-pandemic high, up 27% from a year ago

Leasing activity for offices in Los Angeles is increasing post-pandemic, marking a 27% year-over-year increase in the third quarter.
moreoffice-leasing
#interest-rates
from Inc
6 days ago
Business

Deteriorating Loans Stress Regional Banks' Office Building Portfolios

U.S. regional banks face pressure in office loan portfolios amid remote work, with potential relief from rate cuts not fully addressing the unique challenges posed.

The commercial real estate recovery is on, but the rebound may be uneven

The Federal Reserve's rate cuts may signal recovery for commercial real estate, boosting deal activity and investor confidence after challenging years.

Fed cuts could turn the tide for commercial real estate. Where to find opportunity

Interest rate cuts by the Fed could signal a recovery for commercial real estate, but investors must proceed with caution.

Commercial property has been in a slump. How lower interest rates could lift it out.

The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.

$1.5 trillion of commercial real estate debt is due next year, and refinancing won't be easy

Landlords face significant refinancing challenges with $1.5 trillion in debt due by next year, particularly in the multifamily sector.

Commercial Brokerages Cut Staff and Diversify to Stem Losses

Commercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates.

Deteriorating Loans Stress Regional Banks' Office Building Portfolios

U.S. regional banks face pressure in office loan portfolios amid remote work, with potential relief from rate cuts not fully addressing the unique challenges posed.

The commercial real estate recovery is on, but the rebound may be uneven

The Federal Reserve's rate cuts may signal recovery for commercial real estate, boosting deal activity and investor confidence after challenging years.

Fed cuts could turn the tide for commercial real estate. Where to find opportunity

Interest rate cuts by the Fed could signal a recovery for commercial real estate, but investors must proceed with caution.

Commercial property has been in a slump. How lower interest rates could lift it out.

The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.

$1.5 trillion of commercial real estate debt is due next year, and refinancing won't be easy

Landlords face significant refinancing challenges with $1.5 trillion in debt due by next year, particularly in the multifamily sector.

Commercial Brokerages Cut Staff and Diversify to Stem Losses

Commercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates.
moreinterest-rates
#manhattan
from Urbanize New York
2 weeks ago
Miscellaneous

Bloomberg Expands to Nearly 1 MSF at Manhattan Tower

Bloomberg LP is expanding its office space at 919 Third Ave, highlighting continued demand for quality office environments in Manhattan.

NYC retail leasing shows signs of rebound after COVID carnage

Manhattan's retail leasing market shows signs of recovery, with decreased storefront availability and indications of robust activity across trade areas.

Bloomberg Expands to Nearly 1 MSF at Manhattan Tower

Bloomberg LP is expanding its office space at 919 Third Ave, highlighting continued demand for quality office environments in Manhattan.

NYC retail leasing shows signs of rebound after COVID carnage

Manhattan's retail leasing market shows signs of recovery, with decreased storefront availability and indications of robust activity across trade areas.
moremanhattan
#new-york-city

Adams Real Estate Chief Jesse Hamilton at Crux of Big Deals

The commercial real estate market in New York is suffering, with high vacancy rates leading to city intervention in leasing.

Is R.T.O. Finally a Reality?

New York City's office attendance shows divergent trends, indicating both recovery and ongoing challenges in the post-pandemic era.

A class above: NYC's trophy offices are running out of space

Demand for top office buildings is high, causing a spillover effect to yet-to-be-constructed towers with premium rents.

Adams Real Estate Chief Jesse Hamilton at Crux of Big Deals

The commercial real estate market in New York is suffering, with high vacancy rates leading to city intervention in leasing.

Is R.T.O. Finally a Reality?

New York City's office attendance shows divergent trends, indicating both recovery and ongoing challenges in the post-pandemic era.

A class above: NYC's trophy offices are running out of space

Demand for top office buildings is high, causing a spillover effect to yet-to-be-constructed towers with premium rents.
morenew-york-city
#office-space

EBay renews downtown Portland office lease

eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.

San Jose approves tax breaks to help fill empty office space

San Jose City Council implements tax relief to attract businesses for vacant office spaces.

AI-backed fashion firm subleases 23K sf in LA's Financial District

Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.

Clipper Equity delinquent on $100M DoBro loan

Clipper Equity faces financial uncertainty with delinquent loan payments on 141 Livingston Street, as major tenants consider exiting before lease expirations.

Citypoint tower up for sale as owner seeks cut-price deal

Brookfield is selling Citypoint tower for £500m to avoid default on a £460m loan.

EBay renews downtown Portland office lease

eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.

San Jose approves tax breaks to help fill empty office space

San Jose City Council implements tax relief to attract businesses for vacant office spaces.

AI-backed fashion firm subleases 23K sf in LA's Financial District

Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.

Clipper Equity delinquent on $100M DoBro loan

Clipper Equity faces financial uncertainty with delinquent loan payments on 141 Livingston Street, as major tenants consider exiting before lease expirations.

Citypoint tower up for sale as owner seeks cut-price deal

Brookfield is selling Citypoint tower for £500m to avoid default on a £460m loan.
moreoffice-space
#office-market

America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply

Distress in the office sector may lead to fire sales, enabling conversions to apartments and increased housing supply.
from Forbes
2 months ago

Council Post: Leveraging Technology To Effectively Market, Attract And Retain Tenants

The office market is experiencing a revival driven by increased tenant demand and the necessity for effective digital marketing strategies.
from SFGATE
7 months ago

Last year was bad for commercial real estate. 2024 could be worse.

Over $900 billion in commercial real estate loans due this year are a significant risk to regional banks and municipal finances.
Commercial real estate loan repayment challenges, especially in the office market, are expected to mirror the difficulties faced in 2023.

America's offices are about to see a wave of distress that could result in a billion square feet of fresh housing supply

Distress in the office sector may lead to fire sales, enabling conversions to apartments and increased housing supply.

Council Post: Leveraging Technology To Effectively Market, Attract And Retain Tenants

The office market is experiencing a revival driven by increased tenant demand and the necessity for effective digital marketing strategies.

Last year was bad for commercial real estate. 2024 could be worse.

Over $900 billion in commercial real estate loans due this year are a significant risk to regional banks and municipal finances.
Commercial real estate loan repayment challenges, especially in the office market, are expected to mirror the difficulties faced in 2023.
moreoffice-market

Commercial property sales in LA County spiral down 18%

Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.

Over 1,500 retailers could see rates bill cut by up to 33 million a year - London Business News | Londonlovesbusiness.com

Business rates for City of London shops could drop by £33 million annually due to a recent tribunal ruling.
The Valuation Tribunal significantly reduced rateable values for retail properties, affecting over 1,500 shops.
#office-lease

Google renews office lease for 200K sf in Irvine

Google renewed its lease for 196,200 square feet in Irvine, marking the largest office lease in Orange County for Q3.

Santana Row office deal in San Jose offers real estate market hope

Professional services firm PwC signed a lease for 141,000 square feet at One Santana West in San Jose.
The new office space at Santana Row reflects growth, innovation, and a focus on creating a neurodiverse workplace.

Google renews office lease for 200K sf in Irvine

Google renewed its lease for 196,200 square feet in Irvine, marking the largest office lease in Orange County for Q3.

Santana Row office deal in San Jose offers real estate market hope

Professional services firm PwC signed a lease for 141,000 square feet at One Santana West in San Jose.
The new office space at Santana Row reflects growth, innovation, and a focus on creating a neurodiverse workplace.
moreoffice-lease

Sixth Avenue skyscraper adds 'eagle' nest with signing of indoor golf company

Vornado Realty Trust is enhancing the tenant experience at 1290 Sixth Ave. with amenities reflecting a trend towards work-life balance and leisure integration.
#office-leasing-trends
from New York Post
1 month ago

Private equity giant inks hush-hush lease at revamped NYC office building

Bridgewater Associates' move into Manhattan marks a significant shift in the office leasing market, indicating a broader diversity of tenants.
from Washingtonian - The website that Washington lives by.
1 month ago

DC's Office Real Estate Market May Not Be Doomed After All

There's a shift in office leasing trends towards newer and historic buildings as companies downsized post-pandemic.
Office-to-residential conversions may address housing shortages but face significant challenges.

Private equity giant inks hush-hush lease at revamped NYC office building

Bridgewater Associates' move into Manhattan marks a significant shift in the office leasing market, indicating a broader diversity of tenants.

DC's Office Real Estate Market May Not Be Doomed After All

There's a shift in office leasing trends towards newer and historic buildings as companies downsized post-pandemic.
Office-to-residential conversions may address housing shortages but face significant challenges.
moreoffice-leasing-trends
#san-jose

San Jose planning commission recommends approval of Westgate West Costco

Costco's potential new store in San Jose is contentious, balancing economic benefits against local residents' concerns over traffic and noise.

100-plus homes might replace big office building on key San Jose site

More than 100 homes may replace an office building in San Jose, indicating a shift towards housing projects from commercial real estate due to post-pandemic market challenges.

San Jose office buildings flop into default in weak real estate market

Economic challenges persist in the Bay Area office market, with two San Jose buildings facing loan delinquency.

TikTok agrees to sublease big San Jose tech building, preps offices

TikTok completes a rental deal for a tech building in San Jose, indicating resilience in Bay Area CRE sector.

San Jose planning commission recommends approval of Westgate West Costco

Costco's potential new store in San Jose is contentious, balancing economic benefits against local residents' concerns over traffic and noise.

100-plus homes might replace big office building on key San Jose site

More than 100 homes may replace an office building in San Jose, indicating a shift towards housing projects from commercial real estate due to post-pandemic market challenges.

San Jose office buildings flop into default in weak real estate market

Economic challenges persist in the Bay Area office market, with two San Jose buildings facing loan delinquency.

TikTok agrees to sublease big San Jose tech building, preps offices

TikTok completes a rental deal for a tech building in San Jose, indicating resilience in Bay Area CRE sector.
moresan-jose
#urban-redevelopment

Shuttered Bayfair mall in San Leandro turns to tech to revitalize, adds drone and biotech companies

The former Bayfair Mall is being transformed into a tech hub, accommodating companies like Vantage Robotics and Berkeley Yeast.

What will happen to the Bay Area's millions of square feet of closed mall space?

The Bayfair Mall closure highlights a shift from traditional retail to tech-focused developments in the Bay Area.
Developers emphasize the importance of upgraded infrastructure for modern research and development spaces.

Shuttered Bayfair mall in San Leandro turns to tech to revitalize, adds drone and biotech companies

The former Bayfair Mall is being transformed into a tech hub, accommodating companies like Vantage Robotics and Berkeley Yeast.

What will happen to the Bay Area's millions of square feet of closed mall space?

The Bayfair Mall closure highlights a shift from traditional retail to tech-focused developments in the Bay Area.
Developers emphasize the importance of upgraded infrastructure for modern research and development spaces.
moreurban-redevelopment
#small-business

How to Negotiate Rent as a Small Business Owner | Entrepreneur

Rising rent costs and inflation pose significant challenges for small business owners, making lease management increasingly difficult.

Here's why a San Francisco landlord is purposely keeping commercial rents low for businesses

Stable rents and supportive landlords are crucial for the survival of small businesses in San Francisco's Inner Sunset District.

Legacy businesses in SF neighborhood say they're being forced out by billionaire venture capitalist

Billionaire venture capitalist investment threatens longstanding small businesses on Fillmore Street, forcing owners to confront potential eviction and displacement.

How to Negotiate Rent as a Small Business Owner | Entrepreneur

Rising rent costs and inflation pose significant challenges for small business owners, making lease management increasingly difficult.

Here's why a San Francisco landlord is purposely keeping commercial rents low for businesses

Stable rents and supportive landlords are crucial for the survival of small businesses in San Francisco's Inner Sunset District.

Legacy businesses in SF neighborhood say they're being forced out by billionaire venture capitalist

Billionaire venture capitalist investment threatens longstanding small businesses on Fillmore Street, forcing owners to confront potential eviction and displacement.
moresmall-business
#irish-economy

Revealed: West worst hit as the rate of empty shops hits all-time high

The number of vacant commercial properties in Ireland has reached record levels amid changing consumer habits and economic shifts.

West worst hit as the rate of empty shops in our towns at all-time high

Commercial vacancy rates in Ireland are at an all-time high, with significant disparities between rural and prosperous urban areas.

Revealed: West worst hit as the rate of empty shops hits all-time high

The number of vacant commercial properties in Ireland has reached record levels amid changing consumer habits and economic shifts.

West worst hit as the rate of empty shops in our towns at all-time high

Commercial vacancy rates in Ireland are at an all-time high, with significant disparities between rural and prosperous urban areas.
moreirish-economy
#silicon-valley

Couchbase takes the ground-floor at Santana West

Couchbase has leased 23,680 SQFT at Santana West, showcasing the location's growing commercial appeal.

Big Bay Area real estate portfolio is bought for well over $100 million

A New York-based real estate investment group bought a Bay Area portfolio for well over $100 million, indicating continued investor interest in Silicon Valley commercial real estate.

Couchbase takes the ground-floor at Santana West

Couchbase has leased 23,680 SQFT at Santana West, showcasing the location's growing commercial appeal.

Big Bay Area real estate portfolio is bought for well over $100 million

A New York-based real estate investment group bought a Bay Area portfolio for well over $100 million, indicating continued investor interest in Silicon Valley commercial real estate.
moresilicon-valley
#pandemic-impact

From early glory to present challenges: The story of Bank of Hope - Tearsheet

Bank of Hope's merger strategy may not be enough to overcome existing challenges, particularly in light of pandemic-induced difficulties with commercial real estate loans.

Scoop: Uptowns' biggest buildings are for sale. Will anyone buy them?

Uptown's commercial real estate market has been severely impacted by violence, crime, and the pandemic, leading to significant vacancies in properties.

From early glory to present challenges: The story of Bank of Hope - Tearsheet

Bank of Hope's merger strategy may not be enough to overcome existing challenges, particularly in light of pandemic-induced difficulties with commercial real estate loans.

Scoop: Uptowns' biggest buildings are for sale. Will anyone buy them?

Uptown's commercial real estate market has been severely impacted by violence, crime, and the pandemic, leading to significant vacancies in properties.
morepandemic-impact
#san-francisco

More big-name stores opening and expanding at San Francisco's Union Square

Union Square is experiencing a retail resurgence with new brands opening despite high office vacancy rates.

Did Steph Curry Just Buy a Building in San Francisco?

Stephen Curry purchased a commercial building in San Francisco for $8.5 million for his business ventures.

Is the doom loop over? Downtown San Francisco showing signs of economic rebound, experts say

Downtown San Francisco facing challenges with high office vacancy rates
Signs of potential recovery with increased tenant demand and company expansions

More big-name stores opening and expanding at San Francisco's Union Square

Union Square is experiencing a retail resurgence with new brands opening despite high office vacancy rates.

Did Steph Curry Just Buy a Building in San Francisco?

Stephen Curry purchased a commercial building in San Francisco for $8.5 million for his business ventures.

Is the doom loop over? Downtown San Francisco showing signs of economic rebound, experts say

Downtown San Francisco facing challenges with high office vacancy rates
Signs of potential recovery with increased tenant demand and company expansions
moresan-francisco
#environmental-impact

Exclusive Q&A with Mitchell Voss: Innovating in Commercial Real Estate

WindMass Capital focuses on merging economic value with environmental and social impact in real estate.

Bill to limit warehouse development draws industry response

The bill restricting new warehouses in California faces opposition from both property owners and environmental groups, reflecting a complex commercial real estate debate.

Exclusive Q&A with Mitchell Voss: Innovating in Commercial Real Estate

WindMass Capital focuses on merging economic value with environmental and social impact in real estate.

Bill to limit warehouse development draws industry response

The bill restricting new warehouses in California faces opposition from both property owners and environmental groups, reflecting a complex commercial real estate debate.
moreenvironmental-impact

In a Transformed Neighborhood, a Funeral Home Finds New Life as a Gym

Gentrification leads to innovative business transformations in Brooklyn, as seen with the new gym replacing a funeral home.

Christie's, Yeshiva University lead NYC's top office leases

Christie's renewed its headquarters lease, reflecting stability in the NYC commercial real estate market.

A 46-bedroom Texas mansion that nobody wanted sat abandoned for decades. Now, it's a booming commercial building and college campus.

Vacant mansion in Texas transforms into a thriving commercial space for small businesses and educational purposes after years of failed attempts to sell.
#affordable-housing

Beach club partner bringing affordable housing to Woodside

Howard Taub is committed to developing affordable housing despite challenges, with plans for 63 affordable units in his new 253-unit project in Queens.

JPI Buys Apartment Parcel at Long Beach Mall Redevelopment

JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.

Beach club partner bringing affordable housing to Woodside

Howard Taub is committed to developing affordable housing despite challenges, with plans for 63 affordable units in his new 253-unit project in Queens.

JPI Buys Apartment Parcel at Long Beach Mall Redevelopment

JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.
moreaffordable-housing
#market-trends

Investcorp pays $96M for Long Island industrial portfolio

Investcorp is expanding its industrial real estate investments by acquiring a sizeable portfolio on Long Island.

Data center vacancy rates are nosediving in Europe - here's why that could be a problem

Data center vacancy rates in Europe are dropping rapidly, with experts aiming for recovery amid rising demand outpacing supply.

Investcorp pays $96M for Long Island industrial portfolio

Investcorp is expanding its industrial real estate investments by acquiring a sizeable portfolio on Long Island.

Data center vacancy rates are nosediving in Europe - here's why that could be a problem

Data center vacancy rates in Europe are dropping rapidly, with experts aiming for recovery amid rising demand outpacing supply.
moremarket-trends
#real-estate

Related bags $380M Bronx Terminal Market refi

Related Companies refinanced Bronx Terminal Market with a $380 million deal, replacing a previous nonperforming loan.
The property's 90% lease rate and investment-grade tenants indicate strong market performance.

The Daily Dirt: A summer of deadlines for both landlords and developers

Landlords must inform tenants about good cause eviction notices, but no state template has been provided yet.
Increased penalties for unregistered rent-regulated apartments are causing a spike in registration rates.
Upcoming deadlines for developers seeking extensions on government construction incentives are imminent.

Why these 2 executives are bullish on commercial real estate - even as they expect banks to flee

DWS aims to become a top five provider of private real estate debt as traditional lenders retreat from the market.

Los Angeles County agrees to buy downtown skyscraper

The county of Los Angeles is tentatively buying the Gas Company Tower for $215 million, a substantial discount from its appraised value of $632 million.

Lincoln Property Lands $65M Refi of West LA Office Campus

Lincoln Property secures a $65 million loan to refinance Wateridge campus in Ladera Heights.
The property includes office buildings, tenants like Kaiser Health Foundation, and mixed-use facilities such as a gym and retail center.

Maggie Miracle Reimagines $1B Office Complex in Hollywood

Chinese-born real estate investor Maggie Gong Miracle is developing a $1 billion office space in Hollywood, her first commercial project.
Miracle remains a mysterious figure in real estate with limited online presence despite involvement in high-profile projects.

Related bags $380M Bronx Terminal Market refi

Related Companies refinanced Bronx Terminal Market with a $380 million deal, replacing a previous nonperforming loan.
The property's 90% lease rate and investment-grade tenants indicate strong market performance.

The Daily Dirt: A summer of deadlines for both landlords and developers

Landlords must inform tenants about good cause eviction notices, but no state template has been provided yet.
Increased penalties for unregistered rent-regulated apartments are causing a spike in registration rates.
Upcoming deadlines for developers seeking extensions on government construction incentives are imminent.

Why these 2 executives are bullish on commercial real estate - even as they expect banks to flee

DWS aims to become a top five provider of private real estate debt as traditional lenders retreat from the market.

Los Angeles County agrees to buy downtown skyscraper

The county of Los Angeles is tentatively buying the Gas Company Tower for $215 million, a substantial discount from its appraised value of $632 million.

Lincoln Property Lands $65M Refi of West LA Office Campus

Lincoln Property secures a $65 million loan to refinance Wateridge campus in Ladera Heights.
The property includes office buildings, tenants like Kaiser Health Foundation, and mixed-use facilities such as a gym and retail center.

Maggie Miracle Reimagines $1B Office Complex in Hollywood

Chinese-born real estate investor Maggie Gong Miracle is developing a $1 billion office space in Hollywood, her first commercial project.
Miracle remains a mysterious figure in real estate with limited online presence despite involvement in high-profile projects.
morereal-estate

Why Kennedy Wilson CEO Bill McMorrow likes construction lending now

Current market distress in real estate presents unique lending opportunities for selective investors like Kennedy Wilson.

Wells Fargo sells most of its commercial mortgage servicing to Trimont

Wells Fargo is selling its commercial mortgage servicing portfolio to Trimont, which will significantly increase Trimont's market presence in the U.S.

The future of security and access control for office spaces

Effective security in commercial real estate is crucial for employee safety and wellbeing.
Physical security must create a sense of safety as well as protect against emerging threats.

The Daily Dirt: Take my building, please

The owner's reluctance to invest in a depreciating property can lead to a stalemate with lenders. Both parties may find the building undesirable.
#economic-impact

Wu's property tax bill is likely dead

Mayor Michelle Wu's proposal to shift Boston's property tax burden to commercial real estate did not pass the Senate, amid concerns about potential negative impacts on businesses and the city's competitiveness.

Downtown San Jose economy faces fresh jolts as two tenant exits loom

Downtown San Jose faces worsening economic conditions due to two major tenants exiting.
Office vacancy and availability rates in downtown San Jose are at all-time highs, putting pressure on the market.

Wu's property tax bill is likely dead

Mayor Michelle Wu's proposal to shift Boston's property tax burden to commercial real estate did not pass the Senate, amid concerns about potential negative impacts on businesses and the city's competitiveness.

Downtown San Jose economy faces fresh jolts as two tenant exits loom

Downtown San Jose faces worsening economic conditions due to two major tenants exiting.
Office vacancy and availability rates in downtown San Jose are at all-time highs, putting pressure on the market.
moreeconomic-impact

Don't expect lower rates to save debt-burdened office buildings

Lenders are facing challenges in commercial real estate as borrowing costs drop, leading to increasing loan provisions and distressed properties.

The Sick Man of Europe

Deutsche Bank faces challenges with a significant provision affecting profits
#financial-risks
from Harvard Business Review
3 months ago

U.S. Commercial Real Estate Is Headed Toward a Crisis

U.S. commercial banks face increasing risks with overexposure to CRE loans, needing to take proactive steps to prevent potential fallout.
from Yahoo Finance
7 months ago

Amazon Deals Another Blow to Already Beaten Down Office Market, Breaking Leases to Cut $1.3 Billion in Expenses

Amazon plans to reduce office vacancies by ending leases early and downsizing, aiming to save $1.3 billion.
The Covid-19 pandemic has significantly impacted the commercial real estate market, leading to high vacancy rates and reduced demand for office space.

U.S. Commercial Real Estate Is Headed Toward a Crisis

U.S. commercial banks face increasing risks with overexposure to CRE loans, needing to take proactive steps to prevent potential fallout.

Amazon Deals Another Blow to Already Beaten Down Office Market, Breaking Leases to Cut $1.3 Billion in Expenses

Amazon plans to reduce office vacancies by ending leases early and downsizing, aiming to save $1.3 billion.
The Covid-19 pandemic has significantly impacted the commercial real estate market, leading to high vacancy rates and reduced demand for office space.
morefinancial-risks

Forbes EQ BrandVoice: The Future Of Work - and Coworking Revenue - Is Increasingly Virtual

Virtual offices can boost profitability beyond traditional square footage revenue.

Office vacancies stay sky-high in downtown San Jose, San Francisco

Downtown San Jose and San Francisco face high office vacancies with minimal improvement in commercial real estate, signaling challenges in the market.

Council Post: The Role Of Technology In Creating Smart And Sustainable Buildings

Remote and hybrid working reduces office environmental impact; sustainability focus shifting with return to full office occupancy.

London could be getting 600 new skyscrapers

London could transform into 'Manhattan-on-Thames' with an influx of over 580 skyscrapers in the pipeline.

East Bay sites are grabbed for $100 million-plus in big property deal

Investment group buys Bay Area properties worth over $100 million, showing continued interest from big investors in the commercial real estate market despite challenges.

Council Post: The Year Of Retention: Tenant-Centric Solutions In The Office Market

The future of the office lies in meeting tenants' wants and needs to impact the market positively.

Inside the 6 most fascinating, innovative reconstruction projects in NYC

Preservation and reconstruction projects in NYC can result in innovative outcomes, despite challenges posed by city zoning regulations.
#redevelopment

Oxford Street revival boosted by major transformation of empty House of Fraser flagship building

Redevelopment of 318 Oxford Street ongoing, overcoming engineering challenges, set for completion next year.
House of Fraser to transform into 'The Elephant' with office space, rooftop restaurant, and terrace, preserving original structure where possible.

REDA Residential Buys Culver City's Fox Hills Plaza for $49M

REDA Residential and an undisclosed investor purchased a shopping center for $49 million to redevelop into homes.
REDA Residential plans to potentially bring hundreds of residential units to the property.

Oxford Street revival boosted by major transformation of empty House of Fraser flagship building

Redevelopment of 318 Oxford Street ongoing, overcoming engineering challenges, set for completion next year.
House of Fraser to transform into 'The Elephant' with office space, rooftop restaurant, and terrace, preserving original structure where possible.

REDA Residential Buys Culver City's Fox Hills Plaza for $49M

REDA Residential and an undisclosed investor purchased a shopping center for $49 million to redevelop into homes.
REDA Residential plans to potentially bring hundreds of residential units to the property.
moreredevelopment

Land and Houses Buys Manhattan Beach Residence Inn for $68M

Land and Houses USA purchased a Marriott-branded hotel in Manhattan Beach for $68 million, managed by Twenty Four Seven Hotels.
Hotel sales in California have decreased significantly, with a 56% drop in sales volume, and 1% decrease in median price per room.

Chicago Set To Vote on 'Mansion Tax'-and It Could Dent Demand in Ultrarich Neighborhoods

Chicago voters to consider 'mansion tax' for real estate deals above $1 million to combat homelessness.
Similar to LA, Chicago's proposed measure to reform real estate tax could impact commercial transactions and rental costs.

Greg May, Western Region Leader at Newmark, Leaves Firm

Greg May, a veteran in Southern California commercial real estate, was let go by Newmark.
May expanded SoCal professional brokerage personnel by 250 percent over five years.

A sign of the times: Tearing down an emptying OC office complex to build a warehouse

Shift from office to warehouse spaces in Santa Ana reflects changing market dynamics.
COVID-19 pandemic contributed to decreasing demand for traditional office spaces.

In Downtown LA, Back-to-Office Decision Involves Retail

Ground-floor retail can help draw tenants back to offices in Downtown Los Angeles.
Offering amenities and experiences within office buildings is crucial to attract workers back.

J+R Group Proposes Office-to-Home Conversion in Irvine

J+R Group plans to convert an eight-story office building in Irvine into 76 homes, including part of an office building on Main Street.
The proposal includes turning several office floors into residential units near the airport, with a nearby parking garage and a lot.

Digital Signage to Wrap Around Sunset Strip Office Building

A unique office building and billboard project in West Hollywood is reported to be under construction.
The project features the integration of a large digital sign, restaurants, shops, an outdoor dining terrace, and a green roof.
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