Sunday, October 20

Tag: commercial re

A Real-Estate Juggernaut Ran Off the Rails in 2023
1Jan By adminNo Comments
World

A Real-Estate Juggernaut Ran Off the Rails in 2023

From 2019 to 2022, a new type of real-estate fund became one of the hottest fundraising juggernauts on Wall Street by giving individual investors the chance to participate in soaring values of apartment buildings, warehouses and other types of commercial property.Last year, those funds, known as nontraded real-estate investment trusts, ran off the rails. As concerns increased about the troubled commercial-property market, fundraising plummeted by the funds’ sponsors, many of them giant investment firms such as Blackstone and Starwood Capital Group.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s
1Jan By adminNo Comments
World

Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard.Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases. It is about diversifying portfolios for the long term and getting good bargains while the market is slumping.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers
7Dec By adminNo Comments
World

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers

Investment giant Blackstone and Digital Realty, one of the world’s largest data-center companies, are creating a new venture to develop $7 billion in data centers that will target the largest providers of online content, cloud services and artificial intelligence.The venture plans to develop 10 data centers on four campuses in Frankfurt, Paris and northern Virginia over the next five or six years, the companies said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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San Francisco Is Building to Bring Residents Back
6Dec By adminNo Comments
World

San Francisco Is Building to Bring Residents Back

Real-estate developers are launching a series of residential projects in San Francisco, responding to new efforts by the state and city to create more housing in one of the country’s most expensive places to live. In what would be the city’s most ambitious residential development in several years, local property developer Bayhill Ventures last month announced plans for a 71-story rental tower in San Francisco’s ailing financial district. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Think Companies Are Struggling to Fill Offices? Look at the Government
28Nov By adminNo Comments
World

Think Companies Are Struggling to Fill Offices? Look at the Government

The Biden administration is telling federal employees to get back in the office on a more regular basis. It isn’t having much better luck than private companies. The White House has been amping up the pressure on federal agencies to increase their return-to-office rate. White House chief of staff Jeff Zients sent an email in August to cabinet agencies instructing them to “aggressively execute” a shift to more in-person work in the fall. But administration officials say their return-to-office goals still haven’t been reached. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Buybuy Baby Is Back—and Opening Stores Again  
27Nov By adminNo Comments
World

Buybuy Baby Is Back—and Opening Stores Again  

Updated Nov. 27, 2023 11:55 am ETWEST HARTFORD, Conn.—The new owners of Buybuy Baby recently reopened 11 stores, betting that many expectant parents still prefer to shop for strollers, cribs and car seats in person. Those stores had been closed for roughly three months after former parent company Bed Bath & Beyond’s bankruptcy. The baby-products retailer plans to open more than 100 new U.S. stores over the next three years, the company said, and eventually expand internationally. That number would put the company’s store footprint on par with where it was before the chapter 11 filing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas
14Nov By adminNo Comments
World

Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas

Real-estate developers that have bet billions of dollars on the streaming boom cheered when striking Hollywood actors reached a tentative agreement last week with major studios and streamers. But that relief over a union deal might prove short-lived. The streaming industry that emerges from the labor battles of 2023 will be different in ways that will likely reduce demand for space by the television and film industry.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Clearest Sign Yet That Commercial Real Estate Is in Trouble
13Nov By adminNo Comments
World

The Clearest Sign Yet That Commercial Real Estate Is in Trouble

Updated Nov. 13, 2023 9:54 am ETForeclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening.Lenders this year have issued a record number of foreclosure notices for high-risk property loans, according to a Wall Street Journal analysis. Many of these loans are similar to second mortgages and commonly known as mezzanine loans.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Money Has Stopped Flowing in Commercial Real Estate
31Oct By adminNo Comments
Money

The Money Has Stopped Flowing in Commercial Real Estate

Commercial real-estate lending is shrinking to historically low levels, threatening a rise in defaults on expiring debt and a sharp decline in new construction of warehouses, apartments and other property types.Banks, insurance companies and other commercial property lenders have been cutting back since the first half of 2022 when the Federal Reserve began increasing interest rates and recession concerns intensified. But creditors have been even more reluctant to make new loans as Treasury bond yields have soared since early August.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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