Wells Fargo is buying General Electric?s $32 billion commercial-distribution, vendor and corporate finance units, reports Bloomberg. MarketWatch warns that downtown Miami condo market may be headed for another downturn. Fortune looks at the trend of airports adding hotel facilities on site. These are among today?s must reads from around the commercial real estate industry.
A private equity firm co-founder predicts a U.S. recession by 2018, according to Bloomberg. GE is in advanced negotiations to sell a $30 billion finance portfolio to Wells Fargo, reports Reuters. In the midst of cost-cutting measures, Twitter plans to halt its San Francisco headquarters expansion, reveals the New York Times. These are among today?s must reads from around the commercial real estate industry.
The annual ?Emerging Trends in Real Estate? survey by consulting firm PwC and Urban Land Institute (ULI) gets specific about which markets might be the safest bets for retail investment in today's climate.
Uniqlo?s strategy of expanding through suburban malls has not worked out as planned, reveals Fortune. Seattle?s government, in the midst of a tech boom, is trying to prevent the problems the boom created in San Francisco, according to the New York Times. Saks will open a new concept, reports Chain Store Age. These are among today?s must reads from around the commercial real estate industry.
Drone technology has become a multi-billion-dollar business, as consumer uses multiply and the U.S. military begins phasing out manned vehicle operations in favor of unmanned flights, leading real estate investors and developers to pay attention.
Blackstone will acquire life sciences property REIT BioMed Realty for $4.8 billion, reports Bloomberg. Fortune predicts that multifamily rents will rise by 8 percent in 2016. MarketWatch looks at five of the least affordable housing markets in the country. These are among today?s must reads from around the commercial real estate industry.
Blackstone will likely continue buying apartment buildings in New York and Miami, according to Bloomberg. Forbes looks at America?s fastest growing and shrinking cities. Time explores the question of how investment properties are taxed. These are among today?s must reads from around the commercial real estate industry.
Blackstone held final close this past week on its latest global real estate fund, Blackstone Real Estate Partners VIII, and said that only 20% of the $15.8 billion it raised is already committed. And that raises the question. What is the world’s largest real estate investor going to do with the other $12.6 billion?
MetLife will take a majority stake in Park Tower in San Francisco, reports Bloomberg. MarketWatch looks at the reasons American Apparel went bankrupt. Multifamily Insiders asks if student housing is still a niche market. These are among today?s must reads from around the commercial real estate industry.
Even the most pessimistic apartment market researchers agree that very few apartments were empty in the third quarter and that the vacancy rate in the multifamily rental sector will remain low in the short-term.