Crescent and Nuveen jointly purchased the 20-story One Independence highrise in Charlotte in 2019 for $132 million. Since then, they’ve spent $30 million on renovations to the retail and restaurant offerings. Most of the improvements were aimed at the needs…
Commercial real estate distress accelerated in the second half of 2023, according to analytics firm CRED iQ. The pace of loans being added to the servicer watchlist was roughly 110% faster compared to the first six months of the year. …
TMGOC Ventures has received approval from a local review board to bring the first Ritz-Carlton to the Georgia city. Construction on the 104-room hotel and 20 residences is scheduled to begin in the second quarter of 2024, with a proposed…
The Sun Belt has quickly become one of the country’s hottest regions for commercial real estate, and in North Carolina’s largest city, Charlotte, business is thriving. Due to the city’s rapidly growing job market and steep increase in population, Charlotte CRE…
Bisnow/Dees Stribling Austin, which is among the U.S. real estate markets attracting foreign investor interest. Foreign investors have returned in force to buy U.S. commercial real estate, acquiring $70.8B worth of assets in 2021, according to Real Capital Analytics data,…
The coronavirus pandemic created a work-from-home revolution that may lead to a decline in tax revenues from commercial properties, and cities will suffer as they cannot provide important services to residents, a new report warns. If current trends persist, demand for commercial…
Since the early 1970s, the productivity of the American worker has increased more than seven times faster than wages and more Americans work longer hours. Americans also don’t take as much vacation as workers in other countries, they aren’t legally guaranteed paid sick days,…
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…
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