Commercial Real Estate News for Wednesday May 16

In Wednesday’s commercial real estate news – we’ll give you a look at council’s approval of sealed back business tax, the spur in demand for U.S. rental homes, and so much more.

 

 

Jim Cramer on Commercial Real Estate: There Is No Overbuilding

TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer interviewed CBRE Group’s (CBRE – Get Report) CEO Bob Sulentic on CNBC’s Mad Money. Sulentic isn’t worried about commercial real estate vacancy in New York.

San Diego Makes Case for New Army Technology Center

City leaders and other experts are betting that San Diego, home for decades to key Navy and Marine Corps facilities, stands a good shot at landing a new research-oriented command center planned by the U.S. Army.

Amazon Starbucks Blast Seattle Councils Approval of Scaled Back Business Tax

The Seattle City Council’s approval of a scaled-back corporate tax aimed at addressing the city’s rising housing prices and burgeoning homeless crisis brought harsh words from Amazon.com, Inc. and Starbucks Corp., two of the city’s largest employers set to bear the brunt of the new employee tax.

U.S. Housing Starts Fall on Retreat in Apartment Building

Builder optimism has its roots in solid sales that are being bolstered by resilient hiring and larger take-home pay following federal government tax cuts.

Demand for U.S. Rental Houses Spurs Tricon Plan to Double Assets

Tricon Capital Group Inc. has become the third-largest publicly listed landlord of U.S. single-family rentals by snapping up homes from Arizona to Florida.

Catch up on the latest in CRE today!

Singapore investors ramp up cross-border commercial real estate activity in Q1

Local investors have been turning their sights outwards and ramping up cross-border commercial real estate investments in Q1, according to a report from Real Capital Analytics (RCA), with a significant increase in property investments in Australian, Japanese and Indian markets.

Real estate law trends to watch this year

Political and economic uncertainty has defined the past year. 

With Arizona’s economy showing signs of growth amid low inflation, it seems like a crane casts a shadow over every intersection in downtown Phoenix. 

Here at myNOI.com our team researches daily to find you the most important commercial real estate news!