David Werner and Nathan Berman have locked in $90M in financing that will allow the partnership to move forward on another office-to-residential conversion.
The UK real estate market is not fully pricing in the expenditure needed to make sure properties are compliant with sustainability regulations.
That means there’s still a chance to sell assets that can’t be made green before values drop precipitously.
Commercial real estate players looking for signs that the Federal Reserve is moving swiftly toward another interest rate cut saw those hopes dashed by remarks from Fed Chair Jerome Powell on Friday.
The U.S. economy will likely see a boost to inflation and weak growth following higher-than-expected reciprocal tariffs President Donald Trump implemented this week, Powell said, backing off somewhat from comments last month that their impact might be “transitory.”
Cryptocurrency is on its second wind, and Gemini, the cryptocurrency firm backed by billionaire twins Tyler and Cameron Winklevoss, is banking on South Florida.
The D.C. office market was just starting to stabilize when the federal government threw a wrench in the plan, fueling a new sense of uncertainty across the city. But the top echelon of the market is facing a vastly different reality, new data shows.
The market for trophy office space is getting tighter every quarter. With the construction pipeline nearly dry, it is only getting more constrained, and tenants vying for the limited available space are pushing rents to new highs.
The Trump administration’s most drastic implementation of tariffs to date ushered in a day of chaos for commercial real estate as markets roiled, price fears peaked and stakeholders openly worried that sticker shock could paralyze deals, leasing decisions and projects.
Many in the industry hoped President Donald Trump’s “Liberation Day” of reciprocal tariffs would shine a light on the administration’s trade end game, one that would ease uncertainty and help them make decisions going forward.
Instead, the dramatic size and scope of the levies — far more sweeping than anticipated — left some feeling more in the dark than ever.
“We were all…
Cryptocurrency is on its second wind, and Gemini, the cryptocurrency firm backed by billionaire twins Tyler and Cameron Winklevoss, is banking on South Florida.
A roughly 116K SF office building just steps from the Walk of Fame in Hollywood has sold for $105M to investor Kingsbarn Realty Capital.
The property at 1601 Vine St. is a Class-A office building in Hollywood that is 100% leased, with Skims Body Inc. occupying almost all floors in the building. Skims is a shapewear and clothing company co-founded by Kim Kardashian. It is valued at $4B and just opened its ninth storefront, a roughly 5K SF location in West Hollywood.
“This purchase, along with our ability to secure financing for the building, is further evidence that the office market is recovering, a trend we expect to continue…
Global architecture and engineering firm Stantec has struck a deal that allows it to climb nearly to the top of the ranks of the building design industry’s largest companies.
The Dallas-Fort Worth office market is off to a strong start so far this year thanks to a raft of big leasing deals and a push for employees to get back to the office.
But it remains to be seen whether that momentum will continue through the rest of 2025, with office-using employment taking a nosedive over the same period.