Commercial Real Estate News for Tuesday May 15

In Tuesday’s commercial real estate news – we’ll give you a look at the commercial real estate investment trust that bought Toronto trophy asset, whether REITs are oversold, how GreenOak raises $1.55 billion for real estate deals in the US, and so much more.

 

BRIEF-True North Commercial Real Estate Investment Trust Buys Toronto Trophy Asset

TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST CONTINUES URBAN GROWTH WITH ACQUISITION OF TORONTO TROPHY ASSET

Catch up on the 10 must reads in CRE today!

The Time May Be Right for More M&A in the REIT Sector, Analysts Say

There are several large proposed REIT mergers in the books already in 2018, but analysts in the space say the activity may not be done yet.

Is Proximity to Mass Transit Becoming Less of a Draw for Apartment Renters?

In the few years since companies like Uber and Lyft began to offer their ride sharing and carpooling options to riders in San Francisco, the premium earned by apartments near mass transit has dropped.

Walmart, Home Depot, Macy’s Earnings to Give New Pulse on Retail

The retailers’ performance will give fresh perspectives into the health of brick-and-mortar retail and the strength of buyer sentiment in the United States.

Are REITs Oversold?

Real Estate Investment Trusts have suffered over the past year, thanks to rising interest rates, ending a seven-year rally, but there are still pockets of strength.

Calstrs to Fund Real Estate Venture Targeting Growing Tech Hubs

The California State Teachers’ Retirement System, the second-largest U.S. pension fund, is plowing more money into real estate in cities with strong growth, especially in tech.

GreenOak Raises $1.55 Billion for Real Estate Deals in the U.S.

While GreenOak has historically spent most of its capital in New York, San Francisco, Los Angeles and Boston, it will also target other major cities, including Seattle, Washington and Miami.

FBI raids offices of real estate developer Robert Morgan

By raiding the headquarters of Morgan Communities, the FBI confirmed Monday that there’s a cloud around developer Robert C. Morgan’s companies.

Commercial property prices level off in Chicago amid nationwide rise

Chicago-area commercial property prices have leveled off in the past six months following a years-long rise, which continues nationwide.

 

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