Commercial Real Estate - Real Estate Investor Pulse

Recent NYC retail leasing scene fuels skepticism despite luxury retail leasing boom

October 2, 2023 Mariel Alumit Comments Off

The retail leasing scene not including restaurants is such a mixed picture that it’s hard to make easy generalizations. To brokers’ and analysts’ frequent annoyance, this column is skeptical of retail data from brokerages and […]

CBRE survey finds ‘observably livelier’ streets in Downtown and Midtown due to restaurant boom

October 2, 2023 Mariel Alumit Comments Off

Scores of new restaurant leases are “restoring vibrancy” to midtown and downtown, according to a new CBRE survey. Citing “observably livelier” streets over the summer, the study argued that over 100 recently-signed eatery leases boded well for […]

AI takes Manhattan: The robot realtors of NYC are here to stay

October 2, 2023 Mariel Alumit Comments Off

New York’s real estate industry is embracing a silent revolution — and it’s happening right under our noses. Meet Emily, Brook and Maya, the AI assistants quietly changing the way New Yorkers find their dream […]

Christie’s will launch a new luxury Austin brokerage this Fall

September 24, 2023 Allen Santos Comments Off

Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate. The brokerage firm will be owned and operated by Jerry Mooty Jr., with backing from the […]

Tom Ferry coach on real estate recruiting in today’s market

August 24, 2023 Mariel Alumit Comments Off

There’s no denying that this market will last for longer than a year. It’s time to take control of your business and plan for your future. We caught up with Emily Kettenburg, a seasoned coach […]

‘Vertical compound’ of multiple units at Olympic Tower lists for $34M

August 24, 2023 Allen Santos Comments Off

A “vertical compound” portfolio of multiple separate condos at Olympic Tower in Midtown has hit the market for $34 million. The units, at 641 Fifth Ave. — beside St. Patrick’s Cathedral — total 10 bedrooms […]

They’re trash! Here are the dirtiest ZIP codes in NYC — and the cleanest, too

August 24, 2023 Allen Santos Comments Off

They plead the filth. These dirty, rotten Big Apple neighborhoods are in need of a serious spit and polish, a new survey of cleanliness in NYC found. HouseFresh, an air purifier product review blog, has […]

Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap

August 15, 2023 Mark Paul Cervantes Comments Off

Wall Street firms are raising new funds to acquire office buildings, apartments and other troubled commercial real estate, looking to scoop up properties at a fraction of the price investors paid a few years ago. Cohen […]

Commercial Real Estate Loans Increased Despite Office Woes, Posing Risk to Banks

August 15, 2023 Mark Paul Cervantes Comments Off

Despite a significant downturn in the U.S. office property market, total commercial real estate loans from U.S. banks increased in every region early this year, ballooning to more than $3 trillion. The Federal Deposit Insurance […]

Big US banks are reportedly trying to dump commercial real estate loans – but buyers are scarce as pressures mount for property markets

August 10, 2023 Mark Paul Cervantes Comments Off

Big banks are trying to dump commercial real estate loans as pressures mount in the sector. JPMorgan, Goldman Sachs, and Capital One are among those trying to shed debt exposure, sources told Bloomberg. Some banks […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]