As previously reported, the office market has been rocked by the pandemic, thanks to both widespread job loss and remote work mandates. A recent report from Cushman & Wakefield captured the pandemic’s impact on the office market as well as looks at a potential path to recovery. According to the Cushman and Wakefield report, the
Real Estate
It’s a bottle of crushed red pepper that flummoxes professional organizers Clea Shearer and Joanna Teplin in episode six of their Netflix show “Get Organized with The Home Edit.” They’re revamping the small kitchen of a family of four in Brooklyn, and they can’t decide how to categorize the spice. Is it “international flavors”? Or
AUSTIN, TX—COVID has brought about changes that are reshaping the landscape of US real estate. Specifically, a housing shift is occurring in some cities as some people are trading urban living for the suburbs or rural areas, says Jadon Newman, founder and CEO of Noble Capital Group LLC, a private lending and private equity firm.
There’s nothing like a butterfly roof to set my midcentury-loving heart aflutter! So, naturally, I have long been obsessed with the Hollywood Riviera, a striking MCM building that cuts a distinct silhouette across West Hollywood’s Center City neighborhood. I first discovered the oft-filmed structure back in 2013 while on the hunt for then-unidentified locations from
At this point, we all know too well that Covid-19 has dealt a strong blow to the economy. For commercial real estate owners, this means many are faced with the prospect of default on mortgages secured by their properties. This article will explore two programs that could help real estate owners and borrowers as they
Global capital inflows into American apartments dropped precipitously in the first half of the year. As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE. A nearly 80% decline in foreign investment
Even as developers and landlords sweat out the pandemic, many new projects that were set in motion earlier are nearing completion or achieving construction milestones. The speculative boutique office tower known as 28 & 7 topped off last week at 322-326 Seventh Ave., with the opening set for late next year. The project by Sweden’s
To talk about the future, the new normal is so uncertain. That is according to Mary Ludgin, head of global investment research at Heitman. According to Ludgin, who recently spoke at the CREW Network Convention: A Virtual Experience. She told the virtual audience that on the capital markets front, transaction activity is down 68% year
Love it or hate it, there is no denying that “Ratched,” Ryan Murphy’s latest foray into streaming, is a visual masterpiece! Each hairstyle, costume, and set seems to be prettier than the last! And don’t even get me started on the locations! Perhaps the most picturesque site used is the Mexican resort where Nurse Mildred
Net lease transaction volume surged over the summer after a slow Spring. But now that we’re past the July 15 date for 1031 Exchange investors to commit dollars, will net lease properties continue to come on the market as we enter Fall? It may depend on who the seller is. “The private investors may be
Traditional retail formats are evolving to meet modern consumer demands. So said a session last week at the CREW Network Convention, a Virtual Event. In a breakout session, panelists talked about how to embrace omnichannel marketing, pros and cons of smaller and more targeted store formats, testing brand collaborations, pop-up stores and more. According to
This could be a golden buy from the guy who starred in “GoldenEye.” Pierce Brosnan, the 67-year-old Ireland-born actor perhaps best known for his leading role in four James Bond movies, has listed his roughly 12,500-square-foot Malibu residence for a whopping $100 million, the Wall Street Journal reports. That nine-digit asking price makes this oceanfront
Some apartment owners are facing increasing vacancy rates and trouble filling them quickly with restrictions on showing units and health and safety requirements. AppFolio experts recommend that landlords employ new strategies to fill vacancies faster, and among the top method is a cross-sell strategy. Cross-sell strategies showcase more available apartment inventory, and can help owners
Following the finalization of their divorce, it appears Kacey Musgraves and her (almost) ex-husband Ruston Kelly are giving each other some space, cowboy! As often happens with divorce, the erstwhile couple are selling their house — in this case a folksy Victorian-style bungalow in the hip Nashville neighborhood of Inglewood, which is newly on the market
During the pandemic, news of large retailers filing for bankruptcy protection seems like it’s a weekly occurrence. Some of these companies have a better chance to emerge from bankruptcy than others, according to Megan Murray, a founding shareholder of Underwood Murray. She has nearly twenty years of reorganization and workout experience. “From a financial perspective,
Jane Hinton, Commercial Real Estate Partner, Hunton Andrews Kurth, Los Angeles. Hinton is a partner in the firm’s real estate practice and focuses on all aspects of real estate transactions including advising lenders and borrowers on complex mortgage financings. Jane Hinton. Courtesy photo. What has been your biggest challenge or obstacle in your profession? Being
Slowly but surely, the movers and shakers are dribbling back from their Hamptons and Connecticut basements to their office desks. The question is how much longer it will take for the rank-and-file to follow. The latest two Wall Street companies returning high-level staffers to their Midtown digs are investment- banking advisory firm Evercore and P.
Following the second wave of COVID-19 infections in July, many universities revised re-opening plans an implemented online education through the fall. Online education, however, has not had a significant impact on student housing collections or leasing activity. Student housing owner and operator Pierce Education Properties reports 97% rent collections since the beginning of classes in
Despite COVID-19 woes, the appeal of L.A.’s posh Pacific Palisades neighborhood to the exceptionally well-heeled has not been dimmed. The area saw one of its biggest sales of the year close earlier this month, when a sumptuous estate in the Riviera enclave transferred for nearly $20 million in cash. Property records indicate the buyers are
eGuide Sponsored by Elevant 3 Simple Strategies to Solve COVID Challenges As a commercial building owner, you are facing unprecedented challenges in the wake of COVID. Most notably, increased operating expenses and reduced cash flow. This guide reveals 3 strategies to overcome COVID-related challenges while cutting costs and helping tenants return to your properties. Browse
Retailers have struggled to pay rent through the pandemic, and as a result, the retail market has been among the sectors with the lowest rent collections in the commercial real estate. In June, one-third of retail tenants had paid 75% of rent, but in July, that number doubled, with two-thirds of retailers paying only 65%
First comes love, then comes marriage, then comes baby in the baby carriage. But when it’s three babies, you’re gonna need a larger home. John Legend, 41, and Chrissy Teigen, 34, who are expecting their third child — a boy — have just bought a nearly 11,000-square-foot home in Beverly Hills for $17.5 million, the
Restaurant traffic and sales improved in August. While spending continues to trend behind pre-pandemic levels, the rate of both traffic and spending declines eased in August, according to data from The NPD Group. During the month of August, traffic declines eased to -10% and sales traffic declines eased to -9% year-over-year. The re-opening of restaurants
Summer 2020 has officially slipped away, but at least Armie Hammer is closing the season out with a residential bang. The Golden Globe-nominated actor (“Call Me By Your Name,” “The Man From U.N.C.L.E.,” “The Lone Ranger,” “The Social Network”) has punted his historic Los Angeles house onto the market, where it’s landed with a $5.8
Since March, more and more people are visiting their doctor remotely via video calls. Even before COVID-19, telehealth had grown dramatically, experiencing a 1202% increase in usage from 2012 to 2017, according to new research from Colliers International. But since 2020 these remote doctors’ visits have grown exponentially. The Advisory Board estimates that there will
As other segments of the economy have suffered in 2020, life sciences are emerging as a bright spot. Private investors have put more than $16 billion to work in life sciences in the first half of 2020, while the National Institutes of Health continues to up its grant volume. In 1994, NIH gave out $11
It’s a no-frills, small-town motel that a family moves into after losing their wealth — and soon, this television-famous property can be your own. The property that plays the role of the Rosebud Motel on the popular Canadian series “Schitt’s Creek,” which swept the 2020 Emmys on Sunday with a record-breaking nine prizes for the
Colony Capital has entered into a definitive agreement to sell six of its hospitality portfolios to Highgate in a deal valued at $2.8 billion, including $67.5 million of gross proceeds on a consolidated basis and the assumption of $2.7 billion in debt. The six portfolios consist of 22,676 rooms across 197 hotel properties. The transaction
Rediscovering favorite TV shows seems to be a theme of quarantine. “The Office,” “Picket Fences,” and “Veep” have each made their way back into our nightly viewing rotation. (Thank goodness for streaming!) All have, of course, also sparked some location hunting on my part, especially the latter. While shot in Baltimore and its environs during
CORAL GABLES, FL – The Florida-based subsidiary of the Libra Group, Elandis and London-based asset manager, M&G investments, have entered into joint-venture partnership, to launch a multifamily platform. The joint-venture partnership will focus on US multifamily assets between Libra Group and M&G Investments. The platform represents M&G Investments’ entry into the US multifamily market. M&G
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