The Latest

Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE’s income fell nearly 10 percent during the third quarter as the pandemic forced large office tenants to put their leasing decisions on hold. Income for the world’s largest real estate services firm fell...

CBRE income falls nearly 10%
Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

A group led by Michael Shvo’s eponymous firm and Deutsche Finance America has closed on the purchase of the...

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
New foreclosure filings are rising again as limits are lifted (iStock)

Foreclosure filings ramp up, especially in minority neighborhoods

Farrah Lafontant hesitates to call herself a landlord. At least, she said, not a “corporate landlord.” Growing up in...

Foreclosure filings ramp up, especially in minority neighborhoods
Equity Residential chairman Sam Zell (Getty)

Equity Residential sees profits drop 58%

Sam Zell’s Equity Residential was hit with a 58 percent decline in income in the third quarter, with urban flight severely impacting its apartment portfolio. The REIT’s net income in the third quarter was...

Equity Residential sees profits drop 58%
Blackstone president Jonathan Gray (Getty; iStock)

Blackstone earnings are up despite commercial real estate woes

Blackstone’s bet on logistics facilities and life sciences continues to pay off despite the broader headwinds facing commercial real...

Blackstone earnings are up despite commercial real estate woes
Colliers’ Jay Hennick (iStock; Colliers)

Colliers’ profit rebounds

Colliers International reported an 11.5 percent jump in net income during the third quarter, despite a pandemic that has significantly slowed commercial real estate activity. The real estate firm reported a profit of $32...

Colliers’ profit rebounds
(Getty)

When the music stops: Guitar Center could file for bankruptcy

The music could stop at Guitar Center in the near future. The retailer is preparing for bankruptcy after missing...

When the music stops: Guitar Center could file for bankruptcy
Abandoned malls are being turned into senior housing, giving planners a chance to rethink retirement communities (iStock)

Abandoned malls get new life as senior housing

As more malls and shopping centers close or see their anchor tenants fall into bankruptcy, they may be repurposed...

Abandoned malls get new life as senior housing
Blackstone Group president Jonathan Gray (Getty)

Blackstone makes $1.2B deal with Brookfield for self-storage company

Blackstone Group is buying Simply Self Storage from Brookfield Asset Management for about $1.2 billion, Bloomberg reported. Brookfield bought...

Blackstone makes $1.2B deal with Brookfield for self-storage company
Matt Borstein, Deutsche Bank’s global head of CRE, is moving to Oak Hill Advisors (Photo via Deutsche Bank)

Deutsche Bank’s CRE head moves to Oak Hill Advisors

Matt Borstein, Deutsche Bank’s global head of commercial real estate, is moving on to become a partner at Oak...

Deutsche Bank’s CRE head moves to Oak Hill Advisors
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