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...
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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...
Foreclosure filings ramp up, especially in minority neighborhoods
Claire Smith hesitates to call herself a landlord. At least, she said, not a “corporate landlord.” Growing up in...
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...
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...
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...
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...
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...
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...
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...
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