Category: Top National News

NPR, July 5, 2017–Jim Zarroli Revenue from President Trump’s office buildings is falling. The problem: commercial real estate prices are declining. In New York, buildings are rising and older properties have to compete harder.

Wall Street Journal, June 27, 2017–Laura Kusisto (subscription)The national vacancy rate climbed to 4.4% for the quarter from 4.2% a year earlier, according to data released by Reis Inc. Nonetheless, average rents across the U.S. increased 3% year-over-year in the second quarter.

New York Post, June 27, 2017–Steve CuozzoManhattan’s office market could be headed for trouble despite today’s solid-seeming condition and euphoria over big chunks of space being gobbled up by marquee tenants at glamorous new towers.

LinkedIn, June 27, 2017–David Stevens, CMBMBA President and CEO discusses his recent battle with cancer.

Wall Street Journal, June 26, 2017–Nicole Friedman; Imani Moise (subscription)Warren Buffett’s Berkshire Hathaway made its second big real estate bet in two weeks. Its investment in real estate investment trust Store Capital Corp. made it the REIT’s third-largest shareholder.

Fortune, June 23, 2017–Phil WahbaYou can add another 20 Sears and Kmart stores to retail’s graveyard.

National Mortgage Professional, June 22, 2017–Phil HallThe Mortgage Bankers Association is forecasting the level of commercial and multifamily mortgage originations will end 2017 with a whimper instead of a bang.

D Magazine, June 28, 2017–Lily CorralNFL Hall of Famer and founding partner Emmitt Smith is parting ways with the real estate firm that carries his name.

CNBC, June 20, 2017–Matthew Yglesias A Whole Foods under Amazon’s stewardship will almost certainly accept lower profit margins than it does as an independent chain–and that spells trouble for everyone else in the grocery business.

Richmond (Va.) Times-Dispatch, June 19, 2017–Andrew LittleMuch like one of Tennessee’s state songs, Rocky Top, commercial real estate values are peaking and it is a little rocky at the top.