Top News for Real Estate Pros
Two Major US Banks Forced To Deal With Mounting Office Property?Distress
The nation's biggest bank by assets, New York's 摩根大通 , reported $164 million of net charge-offs in its commercial and investment banking business, of which about half was for office commercial real estate loans.
Related Cos. Founder Stephen Ross To Exit Company, Launch Firm in?Florida
Billionaire Stephen Ross is stepping down from Related Companies , the prominent development company he founded in 1972, to solidify his professional roots in his beloved Sunshine State by launching Related Ross .
Here's Why Some Secondary Markets May Not Support Single-Family?Rentals
Trilogy Investment Company, LLC had planned to build rental houses in Tallahassee, Florida, Winston-Salem, North Carolina, and Winder, Georgia, but ended up selling the sites to builders of for-sale homes as rentals do not work out financially in those markets.
How Ross Perot Jr. Makes Deals in Texas Despite Tough Real Estate?Conditions
Rather than pull back, Chairman Ross Perot Jr of Hillwood is betting on landing even more deals like Henry Schein, which just leased more than 811,000 square feet of vacant space at AllianceTexas, a massive industrial development in Dallas-Fort Worth.
From FS Credit REIT to Blackstone, Buyers Line Up for Commercial Property Bank?Loans
FS Credit Real Estate Income Trust's $351.8 million purchase of loans from a bank rebalancing its property loan holdings highlights the growing trend of U.S. banks shedding debt tied to lower-valued real estate due to higher interest rates.