- Witness list in Trump’s fraud trial features real estate heavyweights “Cushman & Wakefield features prominently in the case because it conducted a number of Trump property valuations that reflect values dramatically lower than what Trump claimed in loan applications. Two of the firm’s executives, Robert Nardella and Mike Papagianopoulos, are on the witness list.” (The Real Deal)
- Overall Leasing Demand Turns Negative “The commercial real estate industry just signaled it may be transitioning into the next phase of processing higher borrowing costs.” (CoStar)
- Political Unrest, Office Usage, Housing Shortage Top List Of CRE's Biggest Issues For 2024 “The top concerns are political unrest and global economic health, which have proven to have direct impacts on the industry. With the volatility of the economy, the weakening banking sector due to the closure of two major banks and other prevalent risks to the industry, CRE members said it is important to keep these risks in mind as they move through economic uncertainty.” (Bisnow)
- CORFAC survey: Economic concerns rise even as industrial continues to surge “When digging into market dynamics, CORFAC members expressed a leveling of business activity compared to the latter half of 2022. Overall transaction volume increased for about one quarter of respondents, remained about the same for 35% of respondents and decreased slightly for 35% of respondents.” (RE Journals)
- More Brokerages Leave Powerful Realtor Group “Several of the country’s largest real estate brokerages, including Coldwell Banker, Century 21 Real Estate, Sotheby’s International Realty and Re/Max, are severing their allegiance to the National Association of Realtors, a powerful trade organization whose grip on the real estate industry appears to be loosening.” (The New York Times)
- REITs Participate in Social Metrics Reporting Pilot Program “Operated by Fitwel, the healthy building certification platform, in partnership with sustainable technology and services company EVORA Global, the Certified Metrics pilot program is a direct response to industry demand for a way to quantify and validate the social component of ESG for real estate investors, in a way that could be applied universally.” (Nareit)
- Understanding and Navigating Passive Loss Limitations in Real Estate Taxation “In essence, passive loss limitations are restrictions imposed by the Internal Revenue Service (IRS) on the amount of losses an investor can claim from passive activities, such as real estate investments. These limitations were introduced as part of the Tax Reform Act of 1986 to prevent taxpayers from offsetting their regular income with losses from passive activities.” (Off Plan Property Exchange)
- After PREIT Trustee’s Sudden Death, Disgruntled Shareholders Make Their Move “The letter was sent by Glenn Agre Bergman & Fuentes co-founder and Managing Partner Andrew Glenn, a bankruptcy and restructuring specialist who is representing the ad hoc group. The group has also hired finance advisers, shareholder Scott Bishins told Bisnow.” (Bisnow)
- China’s economy will be hobbled for years by the real estate crisis “Investment in real estate fell last year for the first time in a decade, and with no bailout from Beijing in sight, the property downturn is likely to drag on, posing a major threat to China’s growth prospects over the next three to five years.” (CNN)
- What If WeWork’s Lease Talks Fail? Here’s What Happened to Other Coworking Firms. “A look at other coworking firms that have navigated their way through bankruptcy court provides a glimpse of how a possible WeWork bankruptcy filing could play out, should the company decide to pursue that option.” (CoStar)
1 comment
Hide comments