The recently opened WoodSpring Suites Seattle Redmond expands the brand’s presence in the Seattle area, providing 120 suites with in-room kitchens.

WoodSpring Hotels has launched WoodSpring Suites Seattle Redmond, a 120-key hotel designed for extended stay. The asset was developed by West 77 Partners LLC and will be operated by WoodSpring Hotels Property Management.

“By fully utilizing our expertise in the extended-stay segment and the profitability that is a result of our unique operating model, the WoodSpring Suites brand continues to attract first-rate developers like West 77 Partners,” said Ron Burgett, executive vice president of franchise development and operations for WoodSpring Hotels LLC, in prepared remarks…

Share
Categories : Real Estate
Comments (0)
As the economy is expecting growth in 2018, investors are faced with a mature U.S. real estate cycle characterized by a rent slowdown, a balance between supply and demand and appreciation growth.
The recent economic expansion is about to set a record as the third longest period of growth in U.S. history, provided that the upward trend continues during the first quarter of 2018, according to TH Real Estate’s most recent national real estate report. Moreover, Melissa Reagen, the company’s head of research, believes there are strong signs that the current expansion period will surpass 120 months—the all-time record—in June 2019…
Share
Categories : Finance
Comments (0)
As negotiations for Brexit unfold between the U.K. and the European Union, and many arrangements are still in limbo, several European capitals have emerged as contenders in the race for the next financial centers of the E.U.
The U.K. has formally commenced the process of leaving the European Union. Following preliminary talks—between March and October 2017—officials moved on to key negotiations in late 2017 and early 2018 regarding future trade arrangements and the actual implementation phase, which may take place as late as 2021. The longer it takes representatives to reach an agreement on these issues, the more uncertainty it creates for the U.K.’s economy…
Share
Comments (0)

As Bitcoin continues its wild ride, a Singapore hedge fund unit is raising $10 million for a cryptocurrency arbitrage fund to trade off price movements…

This Singapore Hedge Fund Unit Is Raising Money for a Crypto Arbitrage Fund

Share
Categories : Hedge Funds
Comments (0)
The modern, three-story asset is located in Decatur and was bought by a private California investor through a 1031 exchange.

Marcus & Millichap has facilitated the sale of Mutual of Omaha, a 19,330-square-foot office property located in Decatur, Ill. The company marketed the listing on behalf of the seller, a limited liability company, and procured as well as represented the buyer, a private California investor. The transaction was part of a 1031 exchange.

Share
Comments (0)

Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday…

U.S. Housing Starts Fall More Than Expected, Permits Steady

Share
Categories : Real Estate
Comments (0)
  • Rising supply, hedging costs dim U.S. allure for Asian buyers
  • Booming economy, outperforming debt enhance Europe’s appeal

Sovereign issuers that are selling bonds in euros at a record pace could well be finding some of the world’s most prolific buyers ready to pounce…

Japan Dumping U.S. Treasuries Puts Spotlight on Euro-Area Debt

Share
Categories : Finance
Comments (0)
The company has purchased a Devon Self Storage asset, located in Gainesville, Fla. This acquisition marks the sixth Personal Mini Storage in the area.

Personal Mini Storage has purchased, Devon Self Storage, an 897-unit, Class A self-storage facility in Gainesville, Fla. The acquisition marks the company’s sixth asset in the Gainesville market. The facility will be rebranded as Personal Mini Storage.

At 8825 N.W. 13th St., the asset sits on a major street that connects to Interstate 75. Downtown Gainesville is within 15 minutes of the property. The area is surrounded with many apartment communities, which are 91 percent occupied. This year, the city’s population is expected to increase by 2.7 percent…

Share
Comments (0)
Credit scores aren’t working the way they should.

If you apply for a mortgage in the U.S., chances are your credit score will be generated by an algorithm better suited to the economy of the 1990s — part of an ossified system that could be denying millions of otherwise qualified Americans the opportunity to buy a home.

Regulators are considering an update. What’s really needed is a rethink…
Share
Categories : Hedge Funds
Comments (0)
  • Measure depends on nearby states adopting similar provisions
  • Governor’s statement has scant detail on ‘Fairness Fix’ plan

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state…

Cuomo Proposes Ending Carried Interest Loophole for Hedge Funds

Share
Categories : Hedge Funds
Comments (0)
The loan will also cover the facility’s expansion, which is expected to begin later this year or in early 2019.

Sonnenblick-Eichner Co. has arranged $60 million in financing for St. Regis Deer Valley, a AAA Five Diamond year-round destination resort in the Deer Valley ski area in Park City, Utah.

The non-recourse financing was funded by a domestic life insurance company in what S-E described as “a highly structured transaction.” Proceeds were used to refinance existing debt with a new long-term, fixed-rate loan and to provide for the development of the resort’s next phase, which will include additional condo and hotel units, a destination restaurant, and other resort amenities. Construction on that next phase is expected to begin later this year or in early 2019…

Share
Categories : Finance
Comments (0)
  • Pittsburgh has the cheapest housing among the 20 finalists
  • Los Angeles is the costliest, according to data from Trulia

If Amazon wants to locate its HQ2 in the most-affordable spot for housing, there’s an obvious choice: Pittsburgh…

If Home Prices Guide Amazon’s Choice, There’s One Top Spot for HQ2

Share
Categories : Private Equity
Comments (0)

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon received $29.5 million in total compensation for his work in 2017, an increase of 5.4 percent from a year earlier.

Dimon’s pay included $23 million of restricted stock tied to performance, a $5 million cash bonus and $1.5 million salary, the New York-based bank said Thursday in a regulatory filing. It was the second-biggest package the 61-year-old billionaire banker has received since he became CEO in 2005, only trailing his $49.9 million of reported compensation for 2007…
Share
Categories : Finance
Comments (0)
Doral Commons, which was 95 percent leased at the time of sale, fetched $514 per square foot two years after being completed.

Two years after completing development of Doral Commons in Doral, Fla., Terra Group has traded the 140,000-square-foot retail center for approximately $72 million, or roughly $514 per square foot. With the assistance of commercial real estate services firm Cushman & Wakefield, the integrated real estate development and investment firm sold the grocery-anchored property to Jamestown LP.

Share
Categories : Finance
Comments (0)
  • Warnings from HKMA, IMF have been falling on deaf ears
  • Inflows of liquidity are capping local interest rates

Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears?…

Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes

Share
Categories : Real Estate
Comments (0)
  • Government funding ends at midnight Friday without new deal
  • Senate Democrats say they have enough votes to block bill

The House passed a spending bill Thursday to avoid a U.S. government shutdown, but Senate Democrats say they have the votes to block the measure in a bid to force Republicans and President Donald Trump to include protection for young immigrants…

U.S. House Passes Spending Bill to Avoid Government Shutdown, Senate in Doubt

Share
Categories : Real Estate
Comments (0)
The 20,045-square-foot space is part of Tri-Atria Office Building, a two-story property located in Farmington Hills, Mich., and managed by Sterling Group.

Friedman Integrated Real Estate Solutions has negotiated a 20,045-square-foot lease for Meritus Property Management. The space is located within the Tri-Atria Office Building in Farmington Hills, Mich. Jordan Friedman, an associate broker with the company, negotiated the agreement on behalf of the tenant.

The Tri-Atria Office Building is located at 32255 Northwestern Highway and is owned and managed by Sterling Group, according to Yardi Matrix data. The company in charge of leasing is Signature Associates…

Share
Comments (0)
  • FHFA Director Mel Watt says MBS guarantees should be explicit
  • Watt sends letter to senators in response to request for views

Fannie Mae and Freddie Mac’s regulator is throwing its voice into the debate about what to do with the two companies at the center of the U.S. mortgage system…

Fannie-Freddie Regulator Urges Utility Mortgage Guarantors

Share
Categories : Finance
Comments (0)
  • Sale to close this month, adding capital of 410 billion yen
  • Toshiba expects to resolve negative shareholder equity

Toshiba Corp. has agreed to sell claims in its Westinghouse U.S. nuclear unit to bolster its capital by 410 billion yen ($3.68 billion) by March, helping it to erase negative shareholder equity and avoid being delisted…

Toshiba Agrees to Sell Westinghouse Assets, Boosting Capital

Share
Comments (0)
L&L Holding Co. founders David Levinson and Robert Lapidus will share ownership with MaryAnne Gilmartin in the joint venture and assist in the sourcing, financing and implementation of major ground-up projects.

After 23 years at Forest City New York including a nearly five-year run as president & CEO, MaryAnne Gilmartin knew that when she left, her next move “really needed to be big, bold, and audacious.”

“I needed to get it right,” she told Commercial Property Executiveas she discussed the launch of L&L MAG, a new company formed with L&L Holding Co. founders David Levinson and Robert Lapidus that will pursue major ground-up development projects in New York City. The company will have space at 594 Dean St. in Brooklyn and L&L’s 142 W. 57th St. offices…

Share
Comments (0)
  • Advisory bankers to be told this week, traders notified later
  • Investment bank CEO Throsby revamping business after poor run

Barclays Plc is eliminating as many as 100 senior staff at its investment bank as the unit’s chief, Tim Throsby, overhauls the underperforming division, according to people familiar with the decision…

Barclays Is Cutting Up to 100 Senior Investment Bank Staff

Share
Categories : Finance
Comments (0)
The sector is picking up, fueled by recovering office-using industries, growing demographics and increasing leasing activity, Yardi Matrix data shows.
Sacramento’s office market is picking up, fueled by a recovering office-using employment sector, growing demographics and increasing leasing activity. Demand is bolstered primarily by public initiatives—such as the Mayor’s Office for Innovation and Entrepreneurship’s multimillion-dollar programs—that aim to transform the metro into a startup- and entrepreneur-friendly market…
Share
Comments (0)
  • BitConnect says exchange will resume ‘work as usual’ Thursday
  • Value of startup’s digital tokens drops as much as 95%

BitConnect isn’t letting this week’s closure of its cryptocurrency exchange and lending operations deter it from attempting to raise funds though another digital token offering…

Crypto Lending Site’s Shutdown Renews Ponzi Scheme Claims

Share
Categories : Finance
Comments (0)
  • Brooklyn leads burroughs with an increase of 12 percent
  • Manhattan real estate has slowest price growth, up 7 percent

New York City is still reaping the benefits of the real estate boom.

The city set a value of $1.26 trillion for its more than one million properties for the fiscal year beginning in July, an increase of 9.4 percent over the previous period that promises to boost the government’s tax collections…
Share
Categories : Real Estate
Comments (0)
CPE has a new poll! We want to know your thoughts on how the tax bill provisions will impact the real estate industry.

CPE has a new poll! We want to know your thoughts on how the tax bill provisions reducing the corporate and pass-through rates will impact the real estate industry.

Last month, we wanted to know how your predictions of Trump’s influence on real estate changed since he took office one year prior. Of the total respondents, an equal 26 percent said the president had either a neutral or negative impact on the industry. Read on to see the results

Share
Categories : Real Estate
Comments (0)
  • Fundraising by cybsecurity firms more than doubled in 2017
  • Financing is a testament to growing demand for grid security

The world’s power plants and transmission lines are more networked to each other and controlled via the Internet than ever before. And in that, Wall Street sees a business opportunity…

Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks

Share
Categories : Finance
Comments (0)

Donald Trump’s tax cuts may be helping Wall Street, but some of its biggest names haven’t forgotten Barack Obama…

Goldman Sachs and Ken Griffin Funds Give Big to Obama Foundation

Share
Categories : Finance
Comments (0)

Sentiment among America’s homebuilders eased in January to the second-highest level since 2005, a sign the housing market will continue to make strides this year, according to data Wednesday from the National Association of Home Builders/Wells Fargo…

Homebuilder Sentiment in U.S. Cools in January From 18-Year High

Share
Categories : Real Estate
Comments (0)
  • RICS gauge of house prices advances to 8 in December
  • Demand appears weaker as new buyers and transactions decline

U.K. house prices are edging higher, but the market remains subdued…

U.K. House Prices Eke Out Gains

Share
Categories : Real Estate
Comments (0)

It was a nice run…

Goldman Is Worth Less Than Morgan Stanley for the First Time in a Decade

Share
Categories : Finance
Comments (0)
Mike Garlick is now in charge of the Phoenix office’s overall strategy. He holds over two decades of experience in commercial real estate and has a good connection with the Phoenix brokerage community.

Newmark Knight Frank has hired a new market leader for its Phoenix office. Michael Garlick will take on the role of executive managing director, replacing Pete Bolton in overseeing office and brokerage operations, as well as growth initiatives in the Phoenix metropolitan area.

Share
Comments (0)
Led by technology, telecommunications and energy, businesses are expanding across the metro, intensifying competition for office space in both the CBD and the suburbs.
On the back of robust economic growth, Denver’s office market is expanding significantly. Businesses—led by the technology, telecommunications and energy sectors—are expanding in or relocating to the city, creating competition for space in the Central Business District (CBD) and suburbs such as Boulder and Centennial. To keep the momentum going, the metro is improving its infrastructure with public parking and transportation, boosting the live-work-play environment…
Share
Comments (0)
Several national retailers anchor JANAF Shopping Yard, which is situated approximately nine miles from Wheeler’s corporate headquarters.

Wheeler Real Estate Investment Trust has entered a purchase and sale agreement for JANAF Shopping Yard in Norfolk, Va. Through its wholly-owned subsidiary, WHLR-JANAF LLC, the company will acquire the retail center for an expected price of $85.6 million from four different entities.

Located at 5900 E. Virginia Beach Blvd., JANAF Shopping Yard features 887,917 rentable square feet. The asset is anchored by many national retailers, such as BJ’s Wholesale Club and Fuel Center (151,345 square feet), Big Lots (42,500 square feet), T.J. Maxx (37,383 square feet) and service providers, including the U.S. Postal Service and SunTrust Bank. The property features a 37,234-square-foot office in a different building. At the time of the transaction, JANAF Shopping Yard was 94 percent occupied…

Share
Categories : Finance
Comments (0)
Commercial Property Executive and Multi-Housing News are collecting data for the 2018 Leaders in Real Estate Education survey. Complete the survey now to be recognized among the top real estate education programs in the U.S.!
Calling all real estate education programs! Don’t miss out on the chance to participate in our 2018 Leaders in Real Estate Education Survey! The information you provide will be incorporated into a comprehensive list of institutions that have demonstrated a commitment to developing tomorrow’s leaders in the real estate industry. The results will be published in our April 2018 issues of Commercial Property Executive and Multi-Housing News as a resource for the commercial and multifamily real estate industry, and widely disseminated via our websites, newsletters and social media…
Share
Categories : Real Estate
Comments (0)
The portfolio includes two properties serving the University of North Carolina, Charlotte. The acquisition was funded with a 10-year mortgage.

The Preiss Co., in partnership with a fund managed by Crow Holdings Capital, has purchased a student housing portfolio containing 1,180 beds. Recently, Crow Holdings teamed up with Trammel Crow to acquire a 1.3 million-square-foot office complexin Washington, D.C.

The assets, 49 North and University Village, are both located in Charlotte, N.C., near the University of North Carolina, Charlotte. The acquisition was financed through a 10-year, variable interest rate mortgage provided by CBRE through Freddie Mac. The financing will additionally fund renovation work on the two properties’ units and amenities…

Share
Comments (0)
Divaris Real Estate’s Charlotte office negotiated six transactions, including the $800,000 sale of a former furniture store in Columbia, S.C.

Divaris Real Estate has signed new tenants, renewed leases and negotiated a sale, in the Charlotte-Raleigh metropolitan areas. The recently-closed transactions total 43,628 square feet in North and South Carolina.

DRE’s Charlotte office brokered the $850,000 sale of a former furniture store located at 7515 Two Notch Road, in Columbia, S.C. The asset boasts good access to major thoroughfares, with frontage on Route 1, while interstates 77 and 20 are within minutes of the property. Multiple restaurants, retailers and apartment communities are situated in the vicinity. Diana Teitsma, senior vice president at DRE, represented the seller, Haverty’s Furniture Co. TSN Realty LLC acquired the property…

Share
Comments (0)
  • Scandic warns of lower earnings from Swedish operations
  • Hotel stocks slump as oversupply echoes housing market glut

It’s not just Stockholm’s housing market that is feeling the weight of a surge in supply. Profitability among hotels is also under pressure as demand fails to fill a raft of new rooms in the Swedish capital…

Stockholm Has Too Many Hotel Rooms and It’s Hurting Share Prices

Share
Categories : Real Estate
Comments (0)
This acquisition marks the first purchase for the company’s Bamboo Micro Opportunity Fund I LP in Maryland Heights, and the second overall.
Bamboo Equity Partners’ Bamboo Micro Opportunity Fund I LP has acquired an office property in Maryland Heights, Mo. This acquisition marks the first purchase for the fund in Maryland Heights and the second overall.

Located at 11960 Westline Industrial Drive, the building features 93,000 square feet across three stories. Built in 1971, the asset is currently 72 percent occupied to tenants including Lindenwood University, Kantar Health and professional staffing service YOH. The company plans to attract new tenants and upgrade the property to make it more energy efficient. The building is within close proximity to interstates 270 and 70, the Page Extension, Highway 141 and Lindbergh Boulevard. The asset is also located near Westport Plaza, formerly a restaurant and entertainment spot in St. Louis County, which was revitalized and includes a new $75 million World Wide Technology headquarters…

Share
Comments (0)
The $41 million contract comprises the construction of a seven-story high-rise building of more than 129,000 square feet, slated for completion in February 2020.

Skanska is one of the leading development and construction companies in Scandinavia, with operations in building construction and civil engineering in Sweden, Norway and Finland. The firm, which specializes in residential and commercial property projects in select home markets, has signed a contract with Blekinge County Council to construct a new building at Blekinge Hospital in Karlskrona, Sweden.

Share
Categories : Finance
Comments (0)
  • U.K. hub also pitches shorter strip, staged terminal expansion
  • Airlines have complained existing design would be too pricey

London’s Heathrow airport put forward proposals for a sloping runway and said the landing strip could be built to three different lengths as it seeks to cut 2.5 billion pounds ($3.4 billion) from the cost of expansion plans…

Heathrow Plans Sloping Third Runway to Cut Costs by $3.4 Billion

Share
Categories : Finance
Comments (0)
The 170,000-square-foot property will house more than 1,000 employees and is part of the EY@Work initiative, focused on integration, collaboration and innovation.
Ernst & Young LLP has opened its newest office and learning center in Hoboken, N.J. The property will house more than 1,000 employees and feature technology to support high performance teaming and learning…
Share
Comments (0)
The good times in the commercial real estate industry have continued to roll for more than a few years now, but something new is brewing, according to a report by commercial real estate services firm Avison Young.
With the exception of a sprinkling of uncertainty here and there, the commercial real estate industry has been riding high for the last several years, but this year, while sunny skies are still in the forecast, it won’t exactly be business as usual. According to commercial real estate services firm Avison Young’s new report, 2018 North America and Europe Commercial Real Estate Forecast, significant change is on the horizon…
Share
Comments (0)

General Electric Co.’s disclosure of a larger-than-expected $6.2 billion charge related to an old portfolio of long-term care insurance triggered the biggest drop in its shares in more than two months. And analysts say it could be just the beginning of a new wave of bad news from the manufacturer, whose shares plunged 45 percent last year as it undergoes a massive overhaul.

The company’s new chief executive officer John Flannery, who took the helm in August, suggested the company may now be open to a more radical divestment plan than the one outlined in November. Cowen & Co. says a break up of the company may not be economical as the company’s current share price is now worth more than the sum of its many parts. RBC Capital Markets says further charges wouldn’t be surprising and notes that bad news often “comes in installments.”…
Share
Categories : Finance
Comments (0)
The shopping center is set in a busy retail corridor and is home to a mix of retail tenants including Quest Diagnostics and The UPS Store.

Baceline Investments has purchased Piper Plaza, a shopping center in Kansas City, Kan., for $6.3 million from McCownGordon Construction. The acquisition was partially funded by the sale of the firm’s Madison & Edgewood Shoppes in Indianapolis for $4.3 million.

Share
Comments (0)
The property is located along one of the longest retail corridors in Washington, D.C. and holds further leasing potential with the possible addition of 2,018 square feet.

Greysteel has closed the sale of 7350 Georgia Ave., a mixed-use property located on the northern outskirts of Washington, D.C. The asset traded for a record price for non-development commercial real estate on Georgia Avenue in the 20012 zip code, at $333.33 per square foot.

The property is located on Georgia Avenue, one of the longest retail corridors of the city, connecting Silver Spring, Md. to downtown D.C. The asset is situated less than a half mile from the Walter Reed redevelopment project and less than a mile walk to the Red Line’s Takoma Metro Station…

Share
Comments (0)
Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.

A joint venture between GFH Financial Group B.S.C., Lincoln Property Co. and Crestlight Capital has acquired Central Park of Lisle I and II, a Class A office property in Chicago’s suburb of Lisle, Ill. According to Yardi Matrix, the property traded for $129 million, funded by a $93.9 million loan held by Citibank. The previous owner was Equity Office Properties Trust.

Share
Comments (0)

It’s got three outdoor showers and a terrace that overlooks the Met.

Pier Guerci, the former president of the U.S. division of Loro Piana, wasn’t ready to give up his Fifth Avenue penthouse apartment…

Will Anyone Rent This Apartment for $100,000 a Month?

Share
Categories : Real Estate
Comments (0)
The office building, containing 100,000 square feet across two stories, was acquired by Fox Ridge Capital in December last year.

CBRE has been awarded the management contract of an asset in Boynton Beach, Fla. The 100,058-square-foot office building had recently changed hands, with Fox Ridge Capital purchasing the property from Aetna Life Insurance Co. in December 2017. Bill Davis and Cindy Hatcher will lead the team managing the building.

Share
Comments (0)
CPE and Kingsley Associates Partner to see how renters feel about how their spaces are managed.

CPE and Kingsley Associates Partner to see how renters feel about how their spaces are managed.

“The frequent changes in property managers make for poor communication and difficulty in building an excellent working relationship.” —Miami

“The property managers are very attentive to our needs and do an excellent job maintaining the building exterior and grounds, which allows us more time to focus on our customers.” —Hamilton, Ohio….

Tenants on Property Management

Share
Comments (0)
The Key at 12th will contain more than 300,000 square feet of office and retail space, and is expected to be complete by late 2019.
A joint venture between Ellis Partners and Intercontinental Real Estate Corp. has begun construction on The Key at 12th, a Class A office development in Oakland, Calif. The project is planned around the city’s historic Key System Building, constructed in 1911, which will be fully renovated and integrated into the tower. Construction is expected to be complete, and the building occupied, by late 2019. The developers purchased the development site for $9.5 million in March 2017, according to public records…
Share
Comments (0)
  • Bank of Canada governor expected to increase rates this week
  • Highest G-7 debt loads make consumers more vulnerable to hikes

The Bank of Canada is already well into the process of raising interest rates to more normal levels and another increase is expected on Wednesday, after the economy’s stellar performance last year.

The big questions are how quickly do they continue moving up from here, how closely will they follow U.S. increases and where will rates settle. Markets are pricing in at least three more increases this year, which would bring the benchmark rate to 1.75 percent…
Share
Categories : Finance
Comments (0)
  • Focus on exchange-like platforms follows uptick in activity
  • Regulators around the world are scrutinizing cryptocurrencies

China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter…

China Escalates Crackdown on Cryptocurrency Trading

Share
Categories : Finance
Comments (0)
Kerry Hawkins has 18 years of experience in commercial real estate. At HFF, Hawkins will specialize in the repositioning and marketing of underperforming office assets.

Holliday Fenoglio Fowler L.P. (HFF) has hired Kerry Hawkins as senior director for its Boston office. With 18 years of experience in commercial real estate, Hawkins will be focusing on office investment advisory transactions in her new role.

In her previous position as first vice president at CBRE, Hawkins focused mainly on the repositioning and marketing of underperforming assets, representing landlords and tenants in the sale and leasing of office properties. Prior to joining CBRE, Hawkins was a senior associate for three years at the Trammel Crow Co…

Share
Comments (0)
  • Transcations for all of 2017 were the second highest ever
  • Home sales have rebounded after slump earlier this year

Canadian home sales rose to a record in December just before tougher mortgage rules took effect, helping make 2017 the second strongest market ever…

Canadian Home Sales Hit Record Ahead of Tougher Mortgage Rules

Share
Categories : Finance
Comments (0)

London property is having a tough time, but one borough is suffering more than most. Home prices in Southwark — an area to the south of the Thames that includes London Bridge station, Shakespeare’s reconstructed Globe Theatre and trendy Peckham — fell more than 20 percent in the year through November, according to a report from LSL Acadata on Monday. That saw the average home price there drop from 709,130 pounds ($980,000) to 559,529 pounds…

The London Borough Where Home Prices Have Crashed by 21%

Share
Categories : Real Estate
Comments (0)
The metro’s office market has grown substantially in recent years, but faces a few challenges, such as the ongoing recovery from the drop in oil prices, a sometimes-unconstrained development pipeline, as well as the effects of Hurricane Harvey.
Houston continues to be one of the fastest-growing metros in the U.S., with a growing population and an economy that is rapidly diversifying from its reliance on energy. The metro’s office market has grown substantially in recent years, but it faces some challenges that include the ongoing recovery from the drop in oil prices, a sometimes-unconstrained development pipeline and the effects of Hurricane Harvey…
Share
Comments (0)
  • Changes come as Canada’s uninsured mortgage market swells
  • Leaders being asked to take on redefined roles, agency says

Canada Mortgage & Housing Corp. replaced Chief Financial Officer Wojo Zielonka and shuffled its leadership ranks to “better address current and emerging business needs.”

The government-backed mortgage insurer made changes to its leadership team to ensure it continues to meet its business objectives and the housing needs of Canadians, Audrey-Anne Coulombe, spokeswoman for CMHC, said in an email to Bloomberg on Monday. “Many of our leaders have been asked to take on redefined roles.”…
Share
Categories : Real Estate
Comments (0)
  • Wagers on net-long WTI positions climb to highest since 2006
  • Brent in London closes above $70 for first time in three years

Oil traded near the highest close in three years as hedge funds increased their bullish bets on crude to the highest in more than a decade…

Oil Trades Near Three-Year High as Hedge Funds Increase Bullish Bets

Share
Categories : Hedge Funds
Comments (0)
The company has sold its current space and will move to the new office space in late summer 2018. JLL brokered both deals.

GuideStone Financial Resources has leased 115,000 square feet of office space at Pinnacle Tower in Dallas. The company has also sold its current office space, a 194,000-square-foot building at 2401 Cedar Springs Road; however, it will be leased back until the relocation can occur in late summer 2018. JLL brokered the leasing agreement as well as the sale of the firm’s current office.

Share
Comments (0)
The company brokered the sale of the 31,062-square-foot space occupied by In-Shape Health Clubs. The company represented the seller, a family trust, in the transaction.

Hanley Investment Group Real Estate Advisors has arranged the sale of a 31,062-square-foot, single-tenant commercial space in Brentwood, Calif. The company worked on behalf of the seller, a family trust, whereas the buyer was self-represented in the deal. The asset is occupied by In-Shape Health Clubs, a non-national gym brand founded in 1981.

Share
Comments (0)