Fannie Mae predicts Fed to cut rates by 50 bps at its next meeting
The COVID-19 (coronavirus) outbreak and sharp decline in oil prices will likely cause a decrease in U.S economic growth, according to the latest commentary from the...
Many contractors concerned about longer-term impacts of COVID-19 crisis, according to Dodge Data &...
New study shows that two-thirds of the industry is already experiencing project delays, 87% expect to see their businesses impacted in the next three...
CoStar to acquire Ten-X Commercial for $190m
CoStar Group, Inc. is buying Ten-X Commercial, the digital auction platform for commercial real estate, for $190 million in cash.
Ten-X was launched in 2009...
Paramount completes sale of 10% interest in 1633 Broadway
Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has completed the sale of a 10% interest in 1633 Broadway,...
ICSC applauds congressional letter to Treasury and Federal Reserve requesting assistance for CMBS borrowers
As the COVID-19 crisis continues to threaten the viability of the shopping center industry due to the closure of stores and restaurants, ICSC applauds...
CBRE Global Investors buys historic San Francisco office building
A fund sponsored by CBRE Global Investors has acquired 123 Townsend Street, a 137,625-square-foot office building in San Francisco’s SoMa neighborhood. The purchase price...
WeWork secures new $1.1bn commitment from Softbank
The We Company, a parent organization of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to US$671...
Brookfield, Simon Property to acquire JCPenney’s retail and operating assets
J.C. Penney Company, Inc. announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process. Brookfield Property Group...
Invitation Homes, Rockpoint form JV to acquire single-family rental homes
Invitation Homes Inc. has entered into an agreement with Rockpoint Group, L.L.C. to form a joint venture(JV) partnership to acquire single-family rental homes.
Invitation Homes...
AMC plans to reopen movie theatres in Northern California
AMC Entertainment said on Thursday that several AMC locations in Northern California, including San Francisco and the greater Bay Area, would begin operations on...
Bain Capital, Magnolia Capital form $900m JV to invest in multifamily housing
Bain Capital Real Estate and Magnolia Capital have formed a $900 million joint venture to invest in multifamily housing in primary and secondary markets...
JLL arranges $316m construction loan for industrial project in Queens
JLL has arranged a $316 million construction loan for the development of Grand Logistics Center, a 1.1-million-square-foot, state-of-the-art, multi-story distribution facility in the Queens...
