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.
13-story apartment development planned for Brooklyn's Crown Heights
A 13-story housing development is planned to take over a strip mall in Brooklyn's Crown Heights neighborhood. Already have a paid subscription? Sign in A 13-story housing development is planned to take over a strip mall in Brooklyn's Crown Heights…
A new, more expansive plan is on the table for Boston's brutalist Hurley building
Gov. Maura Healey is renewing plans to redevelop a hulking brutalist government complex in downtown Boston and turn it into a residential mixed-use development. Before you ask, Boston City Hall is safe — Healey's redevelopment plans are…
How Wells Fargo used millions in PPP loan fees to help small businesses
The Bay Area was a major beneficiary of the Wells Fargo Open for Business Fund. Already have a paid subscription? Sign in Wells Fargo said about 20 Bay Area organizations received more than $25 million of the bank's Open for Business Fund. The fund…
Bank Failures Are Almost Certain To Follow': The CRE Crisis Has Gone Nowhere...
Commercial real estate (CRE) issues have been getting more attention this year, causing significant headaches for the banking sector and raising questions about the severity of the situation. Rising vacancy rates, the short maturity of loans, and…
Italian restaurant debuts at River Landing Shops & Residences and more
The latest hospitality brands that have launched or announced expansions in South Florida. Already have a paid subscription? Sign in River Landing Shops & Residences has welcomed a new upscale Italian restaurant called Elia. The waterfront eatery…
New laws increase transparency, accountability of pharmacy benefit managers
WILKES-BARRE — Gov. Josh Shapiro this week joined Pennsylvania Insurance Commissioner Michael Humphreys, members of the General Assembly and local pharmacists to highlight the bipartisan reforms that increased oversight of pharmacy benefit…
First Bank (FRBA) Q2 2024 Earnings Call Transcript
First Bank (NASDAQ: FRBA) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Darleen Gillespie - Chief Retail Banking Officer Peter Cahill - Chief Lending Officer Ladies and gentlemen, thank you for standing by, and welcome to the First Bank…
Bamberg County Council: Incentives OK'd for Rockland site
Bamberg County is looking to revitalize its textile industry by certifying the Rockland Industries property as a textile mill site under the S.C. Textiles Communities Revitalization Act (SCTCRA). Bamberg County Council held a special meeting on the…
Blackstone cuts dividend, joins other REITS battered by commercial market slump
REIT slashes payout as office market deteriorates Blackstone Mortgage Trust (BXMT) is slashing its dividend by 24% as the commercial real estate market continues to deteriorate. BXMT's board has authorized a share repurchase program of up to $150…
Sales of $100 million homes set to double this year as trophy properties recover
Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. The comeback marks a stark contrast with the…
Enter this spectacular home via the stand-alone lift shaft on the street, please!
In Sydney's pricey suburbs, large houses on relatively small sites are the norm as owners maximise views, often at the expense of neighbours. Constructing monumental houses that equate size with potential resale is de rigueur. “The market…
Hotel hunters back on the saddle searching for bargains
But signs of life are emerging, even though vendor expectations remain too high. When deals do take place, stained carpets and mouldy carpets just won't do: buyers are looking for assets they can refurbish or improve in other ways such as replacing…
Real estate-heavy bank lays out a strategy overhaul
First Foundation, a commercial real estate-heavy bank that got rocked in the market earlier this year, has started to regain some confidence from investors. The Dallas-based bank's management announced plans Thursday to go on offense as part of a…
Blackstone Mortgage: 24% Dividend Cut, What Now? (NYSE:BXMT)
As I suspected months ago, Blackstone Mortgage Trust, Inc. (NYSE: BXMT) finally decided to cut its dividend amid continual problems in its loan portfolio. Blackstone Mortgage suffered a further decline in its performing loan percentage in the…
Are commercial mortgage delinquency rates stabilizing?
Most commercial property types see lower default rates Delinquency rates for commercial mortgages eased slightly during the second quarter. While the overall trend is positive, the industry is still navigating a complex landscape marked by rising…
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