In a bull market, RETS Associates principal Kent Elliott said the CRE unemployment rate has been — in some roles and sectors — even better than zero, much healthier than the national rate. While some roles and sectors in the…
Ashley Capital started construction on a new speculative 397K SF industrial building at 11101 Enterprise Way in Sturtevant, Wisconsin. This will be the third building constructed at the firm’s Enterprise Business Park, and it’s just one of the many spec…
Now that remote work has proven to be a viable option for millions of American workers and the companies they work for, a migration from more expensive places to less pricey ones has begun. San Francisco. Though prices have dropped a bit recently, it remains the…
Bisnow/Ethan Rothstein Alicia Glen, former New York deputy mayor for housing and economic development, at the 2016 REBNY gala. The former New York deputy mayor for housing and economic development is taking on the real estate world beyond New York….
Houston is among several U.S. metros expected to see a significant drop-off in migration for at least the next year, as the city continues to experience large job losses brought on by the combination of the coronavirus pandemic and low crude…
Investment giants Blackstone Group and Starwood Capital have each acquired equity stakes in Extended Stay America, which operates 632 long-term hospitality properties. The deals come at a time when the U.S. hospitality industry as a whole has cratered, with occupancies at…
The IRS is looking at delaying deadlines for like-kind exchanges for real estate sales as the industry struggles to function during the coronavirus pandemic. One of the IRS welcome signs at its Washington, D.C. headquarters. Like-kind exchanges, also called 1031 exchanges, allow real…
Hunt Real Estate Capital has provided a $38.2 million Freddie Mac Conventional Lease-Up Multifamily loan to finance the acquisition of West End Station Apartments, a 229-unit multifamily property in Winston-Salem. The mid-rise apartment community was completed in 2019, and includes…
Walker & Dunlop has provided $44.8 million in financing for the Ambling Portfolio, an eight-property, 741-unit multifamily portfolio in South Carolina, North Carolina and Alabama. All of the units in the portfolio are subject to Land Use Restrictive Agreements, which…
Armada Hoffler Properties has announced plans to develop Chronicle Mill, a new adaptive reuse multifamily project in Charlotte. The total construction costs are expected to be approximately $45 million. Originally built in 1901, Chronicle Mill was Belmont’s first textile mill….
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