Washington Post, Feb. 6, 2023–John Kelly When Taubman Centers opened Lakeforest Mall in Gaithersburg, Md., in 1978, the anchor stores were the Hecht Co., Woodward & Lothrop, J.C. Penney and …
Category: Top National News
How the Recent Fed Rate Hike Will Affect CRE Financing
GlobeSt.com, Feb. 3, 2023–Erik ShermanYes, things can get worse, but there are still sources and opportunities, depending on the deal.https://www.globest.com/2023/02/03/how-the-recent-fed-rate-hike-will-affect-cre-financing/?
US Offices Reach 50% Occupancy for First Time Since Pandemic Hit
Bloomberg, Jan. 30, 2023–Matthew BoyleMore than half of workers in major US cities went to the office last week, the first time that return-to-office rates crossed 50% of their pre-pandemic …
Moody’s: $17B in Mortgage Bonds Backed by Office Buildings Coming Due in 2023
Business Journals, Jan. 25, 2023–Ashley Fahey (subscription)Some $17 billion in mortgage bonds backed by office properties is coming due this year, in an environment where the outlook for the U.S. …
U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate
Wall Street Journal, Jan. 25, 2023–Dylan Tokar (subscription)Banks should be on alert for Russian oligarchs attempting to circumvent U.S. sanctions by investing in commercial real estate, a U.S. Treasury Department …
Libor Is Still Due to Die, but Companies May Use Extensions
Wall Street Journal, Jan. 25, 2023–Mark Maurer (subscription)Companies that have yet to switch over from the London interbank offered rate before a June phaseout deadline may have ways to hang …
Mega-Deals Reinforce Foreign Appetite for U.S. Real Estate
Wealth Management Real Estate, Jan. 25, 2023–Beth Mattson-TeigOverall volume has slowed and some entities have switched gears from buying properties to acquiring real estate platforms and operating companies.https://www.wealthmanagement.com/investment-strategies/mega-deals-reinforce-foreign-appetite-us-real-estate
Senior Housing That Seniors Actually Like
New York Times, Jan. 29, 2023–Paula Span“Granny flats” are popping up in backyards across the country, affording Americans a new housing option. Some communities are not happy about it.https://www.nytimes.com/2023/01/29/health/elderly-housing-adu.html?
Grocery-Anchored Retail Has Another Record Year
GlobeSt.com, Jan. 26, 2023–Jack Rogers2022 was a “tail of two halves” for the grocery-anchored retail sector, which began the year with red-hot momentum from record transaction volume in 2021 and …
U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate
Wall Street Journal, Jan. 25, 2023–Dylan Tokar (subscription)Banks should be on alert for Russian oligarchs attempting to circumvent U.S. sanctions by investing in commercial real estate, a U.S. Treasury Department …