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…
A weekend topic starting with two reports from the Wall Street Journal. "Builders are expected to complete some 371,000 new apartments in 2020, compared to 247,000 in 2019 and 119,000 in 2010, according to RealPage. The problem is that many…
It's Friday desk clearing time for this blogger. "If selling apartments at one of Manhattan’s most troubled residential condominiums wasn’t hard enough, now its owners can’t even afford to rent a sales gallery to sell them. The sponsors of the…
A report from The Real Deal. "For New York’s condo market, recent developments in China may simply confirm what has been common knowledge for some time — the once-booming market for mainland Chinese buyers has long died down, amid tight…
A report from the South China Morning Post. "China's residential property market has come to a standstill as sales offices are ordered to shut amid the coronavirus outbreak. Some agents are bracing for a slump in sales of as much…
A report from the Wall Street Journal. "Chinese investors sold off billions more in U.S. commercial property last year than they bought, as other foreigners start to sour on the U.S. market as well. Foreign investors were net sellers of…