Struggling Macy’s Turns to its Real Estate Assets
With struggling sales and lower profits, department store giant Macy’s is turning to its numerous real estate assets, according to Forbes. Macy’s said it entered into […]
Blackstone Sold $16 Billion in Real Estate Assets to China Since 2013
Blackstone Group, the world’s largest real estate owner, has sold around $16 billion in real estate assets to Chinese investors since 2013, according to the […]
Drug Store CAP Rates Move Higher on Concerns of Walgreens-Rite Aid Merger
A possible merger between drugstore giants Walgreens and Rite Aid is driving drug store cap rates higher, according to Realty Biz News. Cap rates for […]
Rates Reach Highest Levels Since June. Average 30-Year Fixed Loan at 3.54%
Mortgage rates rose to their highest levels since June on the back of inflation-fears, according Realtor.com. Freddie Mac reported average mortgage rates for the week […]
Home Equity Wealth Doubles Over the Past 5-Years
Home equity wealth has doubled over the past 5-years because of the housing recovery a CoreLogic economist told CNBC. The recovery helped the average homeowner […]
Santa Monica, CA Becomes First City to Require Zero-Net Energy in New Homes
Santa Monica, CA became the first city in the world to require all new single-family home construction to generate Zero-Net Energy (ZNE), reported Realtor.com. ZNE […]
55% of Seattle’s Real Estate Transactions Involve Foreign Investors
Foreign real estate investors, especially from China, are increasingly focusing on Seattle, according to an article in CNN. Chinese investors are targeting Seattle, after other […]
Home Prices Up 6.3% From Last Year. Another 5.2% Rise by Sept. 2017
U.S. home prices rose by 6.3% from September 2015, according to CoreLogic’s Home Price Index for September 2016. Another 5.2% rise is expected by September […]
Tech Sector Accounts for 20% of U.S. Office Leasing in 2016 – CBRE
Global real estate firm CBRE, revealed that the tech sector accounts for 20% of all office leasing in the U.S. in 2016, up from 18% last […]
Jones Lang LaSalle Q3 Sales Rise but Earnings Fall
Global real estate service provider, Jones Lang LaSalle (JLL), reported Q3 2016 earnings today, which showed revenues of $1.71 billion, 13.6% higher than Q3 2015, according […]