Real Estate Journal: Your Essential Daily Commercial Real Estate Briefing: July 25, 2024
Daniel Bagdazian
Commercial Leasing & Sales Specialist @ Radius Group | Ventura County, CA.
Good Morning!
Here's your daily briefing on the latest in commercial real estate.
?? Commercial Real Estate News
Investment Firm May Buy Red Lobster, Tesla Hit by Reduced EV Demand, Pacific Northwest Tops US Regional Growth Prospects What You Need To Know To Start Your Day.
Invesco REIT Tops $1.4B in Originations, Leans Into Bank Lending Gap Since its launch in May 2023, the real estate investment trust (REIT) has added 22 loans to its portfolio, including six recently closed transactions spread across the industry’s most coveted lending sectors: multifamily and industrial.
Bloomberg Philanthropies Pays Aby Rosen’s RFR $560M for 980 Madison Former New York City Mayor Michael Bloomberg’s charitable foundation, Bloomberg Philanthropies , bought the Upper East Side home of the Gagosian Gallery, according to property records and a source with knowledge of the deal.
Construction Begins on $100M Phoenix-Area Project Northside at SanTan Village will feature retail and restaurant concepts that are unique to the area.
J.P. Morgan Taps Morgan Stanley Exec As New Head Of U.S. Real Estate Portfolio Strategy J.P. Morgan Asset Management , an investment giant with $89B in real estate holdings, has named a new?executive to lead strategy for some of its primary real estate?funds.?
Bubble Fears Emerge About Trillion-Dollar AI Bet Fueling One Of Real Estate's Hottest Sectors Big Tech’s push to build the infrastructure for generative?artificial intelligence ?has come with an unprecedented trillion-dollar price tag and has made data centers one of the hottest real estate sectors.?
Olympics Arrive In Paris Just As Politics And Real Estate Fall Into Flux PARIS?— From the second floor of the Eiffel Tower , 10 weeks ahead of the 2024 Olympic?opening ceremony, the finishing touches?for the Paris Games?would appear to be progressing serenely.
Hackers have scammed real estate pros out of more than $446 million Cyber criminals are getting better at targeting real estate transactions
JPMorgan Sounds Out Investors on Potential Walgreens Junk Bond Possible offering would raise cash for debt refinancing. A bond sale would be Walgreens’ first since being cut to junk.
Younger Americans Leading Suburbs Momentum in South Moving to the suburbs is becoming increasingly popular not just among older Americans but younger groups as well.? As they go, the southern states like?Texas have been well represented.
Multifamily Rent Rebound Continues in Los Angeles Apartment rents in greater Los Angeles are?continuing to rebound, with the?average monthly effective rent hitting $2,220 in the second quarter.
Fontainebleau Miami Unveils $100M Beachfront Convention Center Fontainebleau Miami Beach is on the verge of launching a new, opulent convention center, enhancing its reputation as a premier location for high-profile events.
?? Market News
?? Industry Insights
How AI is Revolutionizing Property Management: Opportunities and Challenges Property management is a time-consuming job that requires a great deal of attention to detail. One of the most significant benefits of AI in property management is its ability to automate routine tasks. For example, AI-powered property management software can automate rent collection and reminders, saving property managers significant time and resources.
Structures can be both earthquake-resilient and sustainable Several studies show that constructing safe structures in earthquake-prone regions can be accomplished using sustainable materials that range from mass timber to recycled tires.
领英推荐
Deceleration in Economy Hotel Demand Is Slowing As Consumers Feel Pinched, Weekend Demand Registers Largest Shortfall.
?? Market Data
Today's Highlights
?? Investment Opportunities
??? Upcoming Events
July 31, 2024 | ACRE Shaker in Pasadena Join ACRE SoCal in Pasadena, at the poolside party of the summer!
?? Quote of the Day
"In the real estate business, you learn more about community issues, you learn more about life, you learn more about the impact of government, probably more than any other profession that I know of." - Johnny Isakson
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