A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
A report from Yahoo Finance on New York. "After years of inventory stockpiles and dropping prices, Manhattan’s luxury real estate market is selling at record-low prices. The threshold for a sale to be considered 'luxury' dropped 6.1% to $3,816,835 in…
A report from the Times of London in the UK. "Almost 1,000 days after the Grenfell Tower fire killed 72 people, the fallout from 20 years of failed building regulations that allowed the disaster to happen is affecting every flat…
A report from Crain's Chicago Business in Illinois. "If you are in the hunt for distressed apartments on Chicago's South Side, you have a lot of choices. You'll have even more in the coming months. Dozens of buildings in neighborhoods…
It's Friday desk clearing time for this blogger. "Has a herd mentality taken hold of buyers in the Toronto-area real estate market of early 2020? Jeffrey Wagman of Forest Hill Real Estate Inc. fears it has. Mr. Wagman points to…
A report from the Wall Street Journal. "BlackRock Inc. made a well-timed bet on distressed loans during the financial crisis. Now the firm has moved its windfall to its charitable arm. The giant asset manager said it has donated all…
A report from KPBS in California. "Norm Miller, a real estate finance expert at University of San Diego, said if you look at price per square foot, prices have only risen about 1% over the past year. In fact, Miller…
A report from the Wall Street Journal. "UBS Group AG is stepping up efforts to stem the bleeding at its $20 billion flagship real-estate fund amid concerns over its retail holdings. As late as June 2015, Trumbull had a $1.2…
A report from the Business Observer Florida. "Commercial real estate professionals surveyed by PwC believe 2020 will be as robust as the previous year or few years, according to an annual litmus test of the industry. 'What we’re not doing…
A report from CTV Vancouver in Canada. "There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it. A representative of a condo owners' association says recent changes to…