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…
Earth Fare has completed its bankruptcy proceedings, reaching deals to sell 10 of its stores to grocery operators and giving its other 47 leased spaces back to landlords. The company launched as Dinner for the Earth in Asheville, North Carolina, in…
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…
When Charlotte Morphet started out in the planning industry at the beginning of the last decade, she felt, as she put it, “a bit miffed”. “My friend Alison Mackey [a senior planner at CBRE] and I knew there were a…
The International Council of Shopping Centers’ annual RECon retail convention in Las Vegas, one of the biggest events on the commercial real estate calendar, has been postponed. Bisnow/Joseph Pimentel Early morning crowd at ICSC RECon in Las Vegas Two days after stating that the…
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…
Florida’s Indian River County has for years been battling a new, privately run train. Now, the county will ask the U.S. Supreme Court to decide whether $2.7B in tax-exempt private activity bonds were issued illegally to raise funds for it….
Commercial real estate investor and operator Continental Realty Corp. has acquired Mount Pleasant Towne Centre, a 510,000-square-foot shopping center in Mt. Pleasant, SC. The sales price was $147 million. Located at 1218 Belk Dr., the center is nine miles northeast…
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