Real Estate Informed

Dying malls have a viable use case: conversion into logistics facilities, according to a new report from Prologis. This is not exactly news: such projects have long been hyped as the answer to struggling class C and class D malls. The problem was, there have been only a few successful projects. That may be changing.

If you live in a big US city, you have probably gotten a call like this from someone who doesn’t: Caller: How are you? Are you all right? Big City Resident: I’m fine. No COVID. C: No, no. Do you feel safe? BCR: What are you talking about? C: Can you go out?  BCR: What

Blackstone Group is in exclusive talks to acquire about 40 parks from Summit Communities for roughly $550 million through its REIT, Blackstone Real Estate Income Trust, sources have told Bloomberg.  Once acquired, BREIT will invest in upgrades, including building shared facilities such as swimming pools, a source told Bloomberg. Manufactured homes have become a valued

Matt Lauer is once again trying to sell his massive Hamptons mansion. The disgraced former “Today” anchor has relisted Strongheart Manor, as the sprawling compound is known, for $43.99 million. Last year, as Lauer finalized his divorce from Annette Roque, he put it on the market for almost the same price: about $44 million. He

While Hines’ Senior Managing Director John Heagy was able to close a massive deal with Microsoft at the 523,000 square-foot Atlantic Yards office development in West Midtown Atlanta in May, he admits COVID has upended the office leasing process. “There is no question that the environment for traditional marketing has been completely rocked,” Heagy says.

Cushman & Wakefield has launched an alliance with co-working firm Industrious to offer landlords integrated management of traditional and co-working space, according to The Wall Street Journal.  The new offering comes as the industry debates the value of co-working space during a pandemic and when the office asset class is struggling to make sense of

St. Jetersburg is on the market. Derek Jeter and his supermodel wife, Hannah, are putting their palatial mansion in Tampa, Fla., on the market, with an asking price of $29 million, according to the New York Times. “This is the most impressive home to ever hit the market in the Tampa Bay area,” Stephen Gay,

It should come as no surprise that the COVID-19 pandemic sent the investment market reeling. When the full impact of the crisis was setting in back in the first quarter, all sectors of the net lease market felt the dire pinch. Slowly, however, investors seem to be coming out of hiding and creating some activity,

An ORIX Corp. subsidiary, Boston Financial Investment Management, has entered into an agreement with Boston Capital to acquire its low-income housing tax credit fund portfolio, with the closing subject to customary conditions and approvals. Boston Financial is among the leaders in the LIHTC industry, managing a $7.7 billion portfolio comprising over 1,125 properties and 98,110

Pricing for new apartment leases was down 5% in August from the prior year and lease renewals for under 12 months were on the rise, according to a monthly report on Covid-19’s impact on multifamily housing from MRI Software. The August drop in new lease pricing continues a trend from July, with properties using shorter-term

Calling all cool cats! Will Smith has listed the iconic “Fresh Prince of Bel-Air” mansion on Airbnb for the first time ever — and is offering fans the chance to chill out, max, relax all cool for only $30 a night. “Ready for the freshest staycation ever? If this place looks familiar that’s because it’s

Throughout the economic cycle’s ups and downs, industry stakeholders have been striving to manage and track to the wealth of capital flowing in and out of commercial real estate. Handling the entire process, at the center of it all, are the arrangers of debt and equity transactions. These middlemen and middlewomen are working to structure

Whenever there is economic turbulence, investors flock to safety.  In economic recoveries of the past, that meant large assets “as location issues often led to a high correlation of size and quality,” Jim Costello, senior vice president at Real Capital Analytics, writes in a new blog post.  That may well be the case again when

With the National College Athletics Association deciding to cancel sports this fall because of public health concerns, college towns are set to see significant drops in economic activity and tax revenue.  That’s according to a new post from Christian Collins on The Urban Wire, the blog of the Urban Institute which points out that many

Former Notre Dame football coach Lou Holtz is looking for a touchdown on a sale of his Florida home. Holtz, a supporter of President Donald Trump who will receive the Presidential Medal of Freedom, has just listed his Orlando, Fla., estate for $4.5 million — and he’s making a long toss in hopes of nabbing