The sale implied a valuation for the Wing of about $165 million, a significant discount to its earlier value, according to some of the people familiar with the deal.
Nine Takeaways from the 2020 NIC Spring Conference
Some conversations revolved around how healthcare is becoming a bigger demand at seniors housing properties.
10 Must Reads for the CRE Industry Today (March 6, 2020)
Some of the most expensive properties in Boston are sinking down, reports the Wall Street Journal. ETF Trends asks if lower mortgage rates can prop up real estate ETFs. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (March 5, 2020)
CNN Money argues the Federal Reserve might have to cut rates again. New lawsuits accuse major hotel chains of allowing sex trafficking on their premises, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (March 4, 2020)
Many smaller U.S. cities are experiencing downturns, reports the Wall Street Journal. Homebuilder ETFs gained ground in the wake of the Fed’s interest rate cut, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
10 Must Reads for the CRE Industry Today (March 3, 2020)
Grocers and retailers are preparing for a surge in demand due to the coronavirus, reports the Wall Street Journal. Forbes looks at what you should know if you’re considering investing in manufactured home communities. These are among today’s must reads from around the commercial real estate industry.
NREI's Common Area: Episode 29
David Bodamer sits down with Walker & Dunlop’s Adam Schwartz to talk about the recent deal that brought Schwartz and his partners to the firm and the state of the New York market.
If a Bank Branch Has to Close, What Are the Most Likely Reuse Scenarios?
As banks downsize their bricks-and-mortar footprint, their vacated spaces can be turned to other uses.
Berlin Beats London for Investors Buying Prime Property
Prime residential properties in San Francisco are outperforming those in New York on pricing, according to Savills.
10 Must Reads for the CRE Industry Today (Feb. 28, 2020)
Sales of rent-regulated buildings fall in New York City, reports the Wall Street Journal. Tech companies are leaving San Francisco for the East Coast, according to Forbes. These are among today’s must reads from around the commercial real estate industry.