GPARENCY News: Your hub for commercial real estate updates. Stay informed with curated headlines, and summaries crafted by ChatGPT. Stay ahead of the industry.

Learn more or need assistance? Contact us now

Four Winds Picks Up Murray Hill Apartment Building for $68M

about 1 month ago
Four Winds Real Estate buys The Knox in Murray Hill for $68 million, adding to their apartment building portfolio in the area.

Deal Considerations for Retail

about 1 month ago
Panel of real estate experts at ICSC Las Vegas discuss the impact of interest rates on market dynamics and investment planning, highlighting challenges and opportunities in the current landscape.

First-to-Market Retailers Make Their Way to Houston

about 1 month ago
The Houston retail market is seeing increased interest from first-to-market retailers due to a lack of new construction, leading to a highly competitive landscape and potential for new retail development in 2026 and beyond.

The Demand for New Retail Development

about 1 month ago
The retail sector is experiencing robust growth and resilience in 2024, driven by pent-up demand for new developments and innovative strategies to create engaging consumer experiences.

Investors SFR Purchases Rise for First Time in Two Years

about 1 month ago
Investors are increasingly dominating the housing market, buying up nearly one in five homes in the first quarter and focusing on high-priced properties, leading to challenges for affordable housing for individual buyers.

Single-Family Rents Post First Annual Decrease in 14 Years

about 1 month ago
Rents for detached single-family homes increased by 3.4% annually, while attached single-family rental prices declined -0.6% in March, with some coastal areas experiencing the highest growth rates.

How One Borrower Is Faring With Extend and Pretend

about 1 month ago
The iconic Seagram Building in New York City struggles with finance and leasing challenges as owner RFR Realty extends a $764 million loan amid changing market conditions.

Downtown Restaurants Find Remote Workers Return for Happy Hours

about 1 month ago
Downtown restaurants are seeing a decline in lunch hour crowds due to remote work, but are making up for it with well-attended happy hours, according to data from Square.

Medical Office Building Investment Stumbles

about 1 month ago
Growing demand for outpatient medical buildings continues due to demographic trends, technology, and reimbursement changes, but investment in medical office buildings has taken a hit in the first quarter of 2024.

BioMed Realty Emphasizes ESG Goals Across Portfolio

about 1 month ago
BioMed Realty is setting itself apart with its sustainable initiatives, including strategic energy investments, in its portfolio to meet the growing demand for sustainable buildings from investors and tenants.

WeWork Discloses It Will Keep Another 89 Leases

about 1 month ago
WeWork is set to assume 89 leases in the U.S. and Canada as it prepares to exit bankruptcy, reducing its total rent commitments by over $11B.

Non-Performing Loan for Four Seasons San Francisco for Sale

about 1 month ago
A luxury hotel in San Francisco is at risk of foreclosure, offering a potential ownership opportunity for buyers at a discounted price.

Florida Nursing Homes Shut as Insurance Costs Soar

about 1 month ago
Property insurance in hurricane-prone Florida has surged 125% in the past five years, causing financial strain on senior care facilities and resulting in closures as operators struggle to afford coverage.

Court Rules Howard Hughes Project Can Move Forward

about 1 month ago
Howard Hughes’ 250 Water Street project in Lower Manhattan can proceed after a ruling by the New York State Court of Appeals upheld the Appellate Court’s decision, clearing the way for construction following a legal challenge by the South Street Seaport Coalition.

Houston Commercial Property Owners Start Mitigating Up To $7B In Derecho Damage

about 1 month ago
After a powerful derecho swept through Houston causing significant damage to commercial buildings, property owners are now facing billions in damages and a lengthy cleanup process as hurricane season approaches.

Northmarq Merging With Morrison Street Capital

about 1 month ago
Northmarq expands into investment management by merging with Morrison Street Capital, acquiring NBS Real Estate Consulting and forming Northmarq Fund Management and Northmarq Advisory Services.

Charles Kushner, Fort Partners Reportedly Funneled Cash To Surfside Politicians

about 1 month ago
Donations from big name developers to political groups in Surfside lead to potential zoning changes after election loss.

‘A Minority Within A Minority’: Chicago's South Asian CRE Community Refuses To Be Overlooked

about 1 month ago
South Asians in Real Estate is the first industry group in Chicago supporting CRE professionals of South Asian descent, aiming to provide networking, mentorship, and opportunities for professional growth in a historically underrepresented community within the industry.

L+M Plans 328-Unit Affordable Housing Development at 1225 Gerard Avenue in the Bronx

about 1 month ago
L+M Development Partners plans to construct a 328-unit affordable apartment building with supportive housing and a health clinic in the Bronx, part of Mayor de Blasio's neighborhood redevelopment initiative.

Reshape Properties and Starman Holdings Purchase 210 West 10th for $19M

about 1 month ago
Reshape Properties partners with Starman Holdings to purchase and renovate 210 West 10th Street in the West Village.

Jim Dillavou Talks Lincoln Property Retail Expansion at ICSC

about 1 month ago
Lincoln Property Company is planning a major expansion into retail with $400 million dedicated to acquiring grocery-anchored retail buildings and developing properties nationwide.

Pickleball Chain Ballers To Launch In Former Power Plant Turbine In Fishtown

about 1 month ago
A local group plans to open a national chain of hospitality-driven sports complexes, starting with a location in Fishtown offering various sports courts, a turf field, bars, and other amenities.

Subaru To Exit Chicago Area In Favor Of North Texas

about 1 month ago
Subaru of America is expanding its North Texas presence by relocating its central operations hub from the Midwest to Coppell.

Graceland Faces Foreclosure Auction, But Presley Family Says It's A Scam

about 1 month ago
Riley Keough alleges that an investment company attempting to foreclose on Graceland over an unpaid loan is fraudulent, with forged documents and a non-existent entity involved.

NY’s Top Court Rejects Challenge to Howard Hughes’ 250 Water Street Development

about 1 month ago
The New York State Court of Appeals rejected a challenge from a local group, clearing the way for Howard Hughes Corporation's 27-story residential development at 250 Water Street in Manhattan to move forward.

Bank OZK Supplies $93M Construction Loan for NJ Industrial Park

about 1 month ago
Matrix Development Group has secured $93 million in construction financing to build Matrix Logistics Park – Mount Olive, a new Class A industrial park in New Jersey with Bank OZK providing the loan.

Embattled Chinese Developer Sells Giant London Site For A Third Time

about 1 month ago
R&F sells Vauxhall Square site in London to Middle Eastern-backed investor for over £1B after multiple sales in two years.

Wholesaler JME Inks 17K SF to Move to 469 Seventh Avenue

about 1 month ago
JME, a consumer goods distributor, has moved to a new address in the Garment District with an asking rent of $52 per square foot.

MRP Paid a Fraction for Gallery Place in DC

about 1 month ago
MRP Realty acquired Gallery Place in Washington, D.C. at a significantly lower price than its assessed valuation, benefiting from Monumental Sports & Entertainment's decision to renovate Capital One Arena.

CMBS Loan on Former WeWork Hollywood Office Building Hits Special Servicing

about 1 month ago
A $21.7 million CMBS loan backed by a former WeWork-anchored office property in Los Angeles has transferred to special servicing for "imminent default" due to delinquent loan payments, with Newmark listing the property for sale.

Activist Investor Land & Buildings Builds Stake In CBRE, 7 REITs

about 1 month ago
Land & Buildings Investment Management, led by Jonathan Litt, increases holdings in real estate firms, including office REIT Equity Commonwealth, as it pushes for value unlocking and asset liquidation.

Pompano Beach Housing Authority Lands $28M to Add 100 Apartments

about 1 month ago
The Housing Authority of Pompano Beach raised $27.5 million to expand an affordable apartment complex for senior citizens.

Federal Realty Delays Somerville Lab Project Due To ‘Oversaturation’

about 1 month ago
Federal Realty Investment Trust is seeking a two-year extension on its special permit for a new lab development project at Assembly Row due to economic challenges and oversaturation of lab product in the region.

LGBTQIA+ Clinic Shops For New Digs Amid Eviction Threats

about 1 month ago
Queer LifeSpace, a nonprofit mental health clinic serving San Francisco's LGBTQIA+ community, is facing eviction and searching for new space in the Castro due to alleged fraudulent actions by its landlord.

For Optimal Real Estate Performance, Blend Public and Private Assets

about 1 month ago
J.P. Morgan Asset Management report suggests blending public REIT holdings with private assets in core real estate sectors for optimal portfolio allocation, with recommended allocations ranging from 60% to 80% for private assets and 20% to 40% for publicly-traded REITs.

WeWork Files to Assume 11 More SoCal Leases

about 1 month ago
Despite filing for bankruptcy in November, WeWork continues to secure 11 new South California locations as part of its restructuring plan to exit bankruptcy by the end of May and reduce billions in rent commitments.

CoStar, Hotel Chains Ask Judge To Toss 'Fanciful' Price-Gouging Lawsuit

about 1 month ago
CoStar Group and major hotel brands seek dismissal of price-fixing lawsuit, claiming lack of evidence and calling allegations "fanciful."

NYC Pension System Invests $60M to Preserve Affordable Apartments in Signature Portfolio

about 1 month ago
NYC pension fund invests $60 million with winning bidders to preserve affordable units impacted by Signature Bank collapse.

Rexford Extends Another Warehouse Buying Spree in Southern California

about 1 month ago
Rexford Industrial Realty continues to expand its portfolio despite corrections in the industrial real estate market.

Goldman Sachs Provides $82M Refi for Renovated San Diego Office Complex

about 1 month ago
Sunroad Enterprises secures $82.46 million to refinance San Diego office tower as part of larger master plan development.

Commercial Observer Publishes Its Highly Anticipated Power 100 List Recognizing Top Real Estate Market Makers

about 1 month ago
Commercial Observer releases its 2024 Power 100 list, honoring top real estate power players driving transactions in a challenging market.

Use This Finance Theory to Understand Diversity’s Benefits in CRE

about 1 month ago
The article emphasizes the importance of human capital in the commercial real estate industry, drawing parallels between the principles of modern portfolio theory in finance and the need for diverse talent to optimize long-term performance.

Retail’s Fundamental Disconnect

about 1 month ago
Adam Ifshin, CEO of DLC, discusses the disconnect between retail and leasing fundamentals in shopping centers and challenges in obtaining financing for commercial real estate deals due to the current market conditions at ICSC Las Vegas.

The Potential of Overlooked Retail Assets

about 1 month ago
Panelists at ICSC Las Vegas highlighted the potential of enclosed malls, high-quality mall investments, and single-tenant open-air shopping centers in the retail sector.

The Evolution of Healthcare in Shopping Centers

about 1 month ago
Healthcare retail is becoming increasingly integrated into shopping centers, driving convenience for customers and anchoring grocery-anchored centers, despite challenges such as economic viability.

The Secrets to Small-Format Retail’s Success

about 1 month ago
High-quality home furnishings chain Arhaus is embracing smaller store formats to reach more consumers and control costs while capitalizing on the demand for premium retail spots.

Shadow Ventures CEO KP Reddy On What Proptech Venture Capital Gets Wrong

about 1 month ago
KP Reddy, founder of Shadow Ventures, doesn't like the term "proptech" but believes in investing in startups with technical risks and a high potential market.

Northmarq Expands Lending Platform With Morrison Street Capital Merger

about 1 month ago
Commercial real estate lender Northmarq is merging with investment management company Morrison Street Capital to expand their national focus and offer new services to their clients.

Retail by MONA’s Brandon Singer on the Luxury-Led Resurgence in Storefronts

about 1 month ago
Luxury retail is leading the comeback in New York City's retail sector, with high-end brands investing in physical stores in posh locations for a unique shopping experience that cannot be replicated online.

Seeking Top Net Lease Professionals

about 1 month ago
The net lease sector of commercial real estate is experiencing a slowdown in transactions, but remains a beacon for investors seeking steady returns, with GlobeSt. seeking nominations for the 2024 Influencers in Net Lease Real Estate.

Business Economists Have Higher Inflation Expectations

about 1 month ago
Inflation is expected to remain a concern throughout 2024, with forecasters projecting elevated levels and predicting a decrease in interest rates by the Federal Reserve.

Asking Rents Dive in These Markets

about 1 month ago
A new analysis by Redfin reveals significant variation in median asking rents among 33 metro areas in the U.S., with some experiencing significant declines while others see increases.

Renters Most Interested in This Midwestern City

about 1 month ago
Overland Park, Kansas has surpassed Minneapolis as the most sought-after city among renters exploring RentCafe.com for apartments, with high engagement indicating strong interest from apartment seekers.

NY Fed Says Supply Chain Disruptions Are Still a Concern

about 1 month ago
Economists are starting to recognize that supply chain disruptions can have a significant impact on the global economy and inflation, as shown by recent data from the Federal Reserve Bank of New York.

Retailers Look for Success in Secondary and Tertiary Markets

about 1 month ago
Retailers are expanding into secondary and tertiary markets for economically friendly environments and growth opportunities, with Pennsylvania serving as a notable example.

Celebrity Restaurants Turn on the Heat

about 1 month ago
The article highlights the rise in celebrity-owned restaurants in the US and Canada, with a focus on the increase in openings in 2021 and the factors driving this trend, such as star power and the restaurant's fit with the neighborhood.

How Retailers Are Leveraging Technology

about 1 month ago
Retailers must address the complexities of each generation's relationship with technology, focusing on personalization, inventory control, and leveraging technology for growth and efficiency.

Retail Businesses Renewed Focus on Customer Proximity

about 1 month ago
The post-pandemic retail landscape saw a shift towards proximity to consumers, emphasizing convenience and accessibility in suburban locations.

Columbia Property Trust Gets Modification of $1.7B Loan

about 1 month ago
Columbia Property Trust secures a loan modification extending maturity date and reducing interest rates after defaulting on a $1.7B loan.

Madison Realty Plans Tallest Tower in Santa Monica

about 1 month ago
Madison Realty Capital plans to build the tallest building in Santa Monica at 260 feet tall, exceeding previous height limits and including affordable housing units.