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.
Where are they now? Latest on Blackhawks Stanley Cup winners from 'The Banner Years'
It's not hard to find Patrick Kane these days. The Blackhawks icon just scored his 500th career goal, telling his teammates afterward, “I couldn't be happier to be a Red Wing and do it in this uniform,” a thought that might have…
Boaz Weinstein's hedge fund Saba Capital has a new activist target - and has given it an ultimatum to adopt sweeping proposals
Saba Capital, the activist hedge fund led by Boaz Weinstein, has a new target: Workspace Group, a U.K. real estate investment trust (REIT). The New York-based fund manager is calling for a managed wind-down of the trust, which operates office…
Q&A: Brent Erickson reflects on career in downtown Minneapolis real estate
Newmark senior managing director Brent Erickson is nearing retirement after decades in commercial real estate. Erickson helped rebrand key downtown Minneapolis office properties. He shares insights on office vacancy and the post-COVID downtown…
Discussions under way for Australia's first Trump tower
Trump Organisation is in advanced discussions to develop a high-rise tower on Queensland's Gold Coast, nearly two decades after US President Donald Trump first signalled development interest in Australia. An initial deal between US President Donald…
Singaporean giant to recharge Vic energy heartland with $10b AI hub
Singaporean asset manager Keppel is planning a $10 billion data centre hub near Victoria's former Hazelwood power station, confident it can secure the power and water it needs to run what could become the largest site of the key artificial…
Regions has what it needs to compete in the Southeast: CEO
Key insight: Regions Financial CEO John Turner said new and expanding entrants into Regions' longtime home territory presents an opportunity for his bank to grow. What's at stake: Regions will need to defend itself from large and regional banks…
7 Luxury Home Sales in the DC Area
Sold by: Natalie Wilensky, executive vice president at Larry E. Wilensky Co., a commercial real-estate firm, and Robert B. Bellinger, president and CEO of the real-estate investment firm ASB. Bragging points: An early-1900s estate with six…
U.S. hotel results for week ending 10 January
ARLINGTON, Va. – The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar 's latest data through 10 January. CoStar is a leading global provider of online real estate marketplaces, information and analytics…
What You Need to Know Ahead of CoStar Group's Earnings Release
CoStar Group, Inc. (CSGP), headquartered in Arlington, Virginia, provides information, analytics, and online marketplace services. Valued at $26.9 billion by market cap, the company offers a subscription-based integrated platform for commercial…
Real estate deal for Fremont site may boost city's manufacturing push
41777 Boyce Road, an undeveloped parcel in Fremont, seen in 2020 FREMONT — A largely undeveloped site in Fremont that's across the street from a PG&E substation was bought by investors operating out of the Midwest in a deal that could…
Real estate news: 54-year-old Buena Park townhomes sell for $7.8 million
Getting your Trinity Audio player ready... A 28-unit townhome community in Buena Park sold Dec. 30 for $9.8 million or $350,000 unit. The Knott Townhouses at 7051 9th St. got 11 offers when it listed, according to the Matthews brokerage, which…
DivcoWest to acquire significant stake in 101 California
One of San Francisco's most recognizable office towers is set to welcome a new owner, setting a post-pandemic ceiling for the city's recovering commercial real estate market. San Francisco developer DivcoWest has agreed to purchase a nearly 50%…
Huge San Jose site once planned as tech campus lands Bay Area buyer
24-acre site in north San Jose, a property bounded by North First Street, Daggett Drive, Zanker Road and East Plumeria Drive, shown within the outline. Boundaries are approximate. SAN JOSE — A huge San Jose site once deemed to be a prime…
Improved credit quality at M&T helps push earnings higher
Key insight: M&T Chief Financial Officer Daryl Bible said the bank's credit quality is the best it's been in two decades. Why it matters: Reduced provision expenses combined with increased net interest income powered an 11.5% year-over-year jump in…
CoStar Group Sees Unusually High Options Volume (NASDAQ:CSGP)
CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors bought 43,731 call options on the company. This represents an increase of 1,721% compared to the average volume of…
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