Commercial Real Estate News for Wednesday May 8

In Wednesday’s commercial real estate news – we’ll give you a look at the state of commercial property companies that need to prepare for the EU’s data privacy overhaul, the U.S. banks that loosened commercial real estate lending, the 5 ways technology is shaping CRE property management, and so much more.

NEW FLEXIBLE WORKPLACE IN PERTH’S EXCHANGE TOWER ADDS TO CITY’S MUCH-NEEDED ALTERNATIVE OFFICE MARKET

Flexible office provider Victory Offices is set to open its first Perth workplace, with an array of collaborative and flexible co-working spaces, at the Exchange Tower at The Esplanade.

Commercial property companies need to prepare for the EU’s data privacy overhaul

Adept Business System chief executive Steve Clark said most businesses in New Zealand were unaware that the new European privacy regulations, also known as General Data Protection Regulation (GDPR), affected any business in New Zealand storing the personal details of European Union “data citizens”.

Virginia Beach-based CCP Commercial Real Estate has acquired a five-building office/flex portfolio in Nashville, Tenn.,  for an undisclosed price.

U.S. banks loosened commercial real estate lending standards for first time in 3 years: Fed

The numbers: Banks eased standards on commercial real estate loans for the first time in almost three years, according to the Fed’s quarterly survey of senior loan officers, released on Tuesday.

Marcus Millichap Buying Pinnacle Financial to Expand Midwest Financing Business

Making good on strategic plans to grow its mortgage brokerage and servicing business, Marcus & Millichap announced a deal to acquire Cleveland-based commercial real estate finance firm Pinnacle Financial Group, Inc.

10 Must Reads for the CRE Industry Today (May 9, 2018)

Catch up on the 10 must reads in CRE today!

CRE Crowdfunding Firms Continue to Scale Up Platforms

Five years after crowdfunding burst onto the commercial real estate financing scene, firms are still riding a rocket of double- and even triple-digit annual growth.

Five Ways Technology Is Shaping CRE Property Management

Here are several ways—both big and small—commercial real estate firms are using platforms, services and products to better manage and enhance the use of their assets.

Amazon Returns Called ‘No-Brainer’ Buoying Kohl’s Traffic

Kohl’s idea to partner with Amazon—which many in retail consider the enemy—was a bid to think outside the box and attract people to its stores.

Cushman & Wakefield Marketing 11 Waterview Blvd. for Sale or Lease

Cushman & Wakefield has been appointed to market 11 Waterview Boulevard as a headquarters opportunity for sale or lease. The 120,000-square-foot office asset sits immediately off Route 46, at the intersection of Interstates 287 and 80, and represents the largest, Class A user-purchase opportunity in the immediate market.

ALTIS LOOKS TO SELL OFF FOUR HOMEMAKER CENTRES WITH PRICE EXPECTATIONS OF $500 MILLION

Private equity real estate group Altis Property Partners is offloading a large-format retail portfolio for an expected sale price of $500 million.

Come one, come all is the philosophy of the Zagame family as they put their hotel portfolio of six properties across Australia and Vanuatu for sale for approximately $300 million.

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