Commercial Real Estate Industry News
A collection of Commercial Real Estate latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
U.S. Banks Have Huge Exposure To Asian Commercial Real Estate Issues
HSBC's exposure to defaulted commercial property loans in Hong Kong surged nearly six-fold, highlighting growing risks in the property sector beyond mainland China. U.S. banks have significant international exposure, posing major risks as the…
Council Post: How Predictive Analytics Can Fuel Commercial Property Decision-Making
Ryan Masiello, Chief Strategy Officer, VTS. The commercial real estate industry is entering a new wave of innovation amid the rise of AI and data science. According to a recent JLL report, AI and generative AI are among the top three technologies…
UrbanToronto Industry Updates: TRREB Leadership Appointment, Market Trends, and CREST Awards | UrbanToronto
This month's industry updates provide a look at the latest leadership changes, market trends, and events shaping the Greater Golden Horseshoe's real estate and construction sectors. Kevin Crigger's appointment as Associate CEO of the Toronto…
Kia Center welcomes new restaurant to replace Big Storm Brewing - Orlando Business Journal
A new restaurant will take over the space at downtown Orlando's Kia Center that formerly housed Big Storm Brewing. Signage for Tavern on Church has been placed on the 4,160-square-foot space at 403 W. Church St. The move comes after Big Storm…
The office property market may finally be at a turning point
The beleaguered U.S. office property market may be bottoming out, analysts told Reuters, pointing to a string of sales of stressed properties at big discounts over the last quarter that have helped set a new pricing benchmark. The U.S. office…
Voxx International sells Lake Nona headquarters for $20 million - Orlando Business Journal
Voxx International sold its Lake Nona headquarters for $20 million. The facility at 2351 J Lawson Blvd. in Orlando, which includes both offices and manufacturing space, was sold to Aladdin Sane Realty LLC, an entity tied to Avon…
How AI transformed a two-month task into hours, according to JLL CMO Siddharth Taparia
Following is a transcript of the video. Siddharth Taparia: When it comes to marketing, I think one of the things that is top of mind for everybody is artificial intelligence. Siddharth Taparia, I'm the global chief marketing officer for JLL, which…
SC allows ITC on construction cost for commercial buildings for lease
In a development that may encourage increased investment in commercial real estate, the Supreme Court on Thursday gave the industry relief by permitting input tax credit (ITC) on construction expenses for buildings meant for leasing. “If the…
Orlando International Airport gets top rankings by USA Today - Orlando Business Journal
Orlando International Airport has received several top rankings from USA Today. Orlando International Airport (MCO) was ranked No. 2 for Best Airport Grab-and-Go Food in the U.S. in USA Today 's annual 10 Best Readers' Choice Awards, which was…
Miami-Dade warehouse park sells for $48 million - South Florida Business Journal
An 11-acre industrial park in northern Miami-Dade County was just sold for approximately $48 million, brokers involved with the deal told the Business Journal. Skylake Executive Industrial Park, LLC, managed by Alan Segall and Sherra Greenspan…
WeWork co-founder launches sales for Miami Worldcenter condo (Photos) - South Florida Business Journal
Flow, a real estate venture founded by former WeWork CEO Adam Neumann, has launched sales for its future 40-story high-rise condo in the Miami Worldcenter area. Neumann's Flow company announced on Oct. 2 that it was selling residences at Flow…
IMPERIAL EQUITIES DECLARES QUARTERLY DIVIDEND
EDMONTON, AB, Oct. 3, 2024 /CNW/ - Imperial Equities Inc. (TSX-V:IEI), through its Board of Directors, has declared a quarterly dividend of $0.02 per share effective Q3 2024, payable on November 5, 2024 to shareholders of record effective October…
Sable Ranch, 400-Acre Studio Filming Location, Goes On the Market
Sable Ranch, a nearly 400-acre filming location in the Santa Clarita Valley that has hosted shoots for dozens of films and TV shows over the past five decades, including Sons of Anarchy, SWAT, American Horror Story and the upcoming The Accountant…
A lender seized an office in Oakland's 'crime corridor.' Now it's selling - San Francisco Business Times
Los Angeles-based private equity firm Ares Commercial Real Estate is listing for sale an Oakland office property it acquired via foreclosure earlier this year. The firm tapped real estate services firm Newmark to market listing The Landing, a…
SkyWash Drones Licenses Apellix Power Wash Drone for UK Operations
SkyWash Drones has announced that they have secured licensing to operate the Apellix Power Wash Drone for commercial exterior cleaning across the UK. This development marks an important step in their ongoing efforts to transform the exterior…
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