In Monday’s commercial real estate news – we’ll give you a look at how cloud-based software is transforming CRE, how the fast food delivery trend is resulting in smaller restaurant space, the 10 CRE must reads, and so much more.
Apollo Commercial Real Estate Finance (NYSE:ARI) is a leading Commercial Mortgage REIT. The company has recently released results for Q1 2018. Overall, the financial performance has been strong, although this quarter should be viewed as “transitional” due to the sale of the CMBS portfolio in Q4 (and loss of related interest income) and the shares issuance completed in Q1 2018 (resulting in some dilution until the proceeds are fully invested).
MIXED-USE PROPERTY AT FIVE WAYS, PADDINGTON, TIPPED TO FETCH MORE THAN $6 MILLION AT BURGESS RAWSON AUCTION
Dean Venturato, from Burgess Rawson, said the rise of online food aggregators, such as UberEats and MenuLog, have reduced fast food operators’ requirement for large sites, as a proportion of diners are not ordering or consuming in-store.
Catch up on the 10 must reads in CRE today!
Affiliates of Blackstone Real Estate Partners VIII will pay $27.50 for each Gramercy share, according to a statement Monday.
According to results of exclusive research conducted by NREI women in the industry routinely face harassment and discrimination.