Is Office To Residential Feasible?
Every city has one. Some have many more. Drab, mostly empty class B and C office buildings that used to be full of workers who now prefer to work from home or whose companies have vacated the properties. Even Houston and Dallas, cities where in person attendance was over 60 percent and 50 percent at the beginning of April, ...
Is the CRE Q1 forecast as gloomy as we thought?
The signals no one in commercial real estate likes to see are present. Two banks with ties to the industry collapsed. Commercial property prices are down. Tech companies, once reliable office tenants, are downsizing their footprints. Even the industrial sector, a favorite of investors the past few years, is experiencing a mild decline. Can we officially proclaim that we ...
EagleBank’s Tony Marquez on the Washington, D.C. real estate market
Tony Marquez is the President of Commercial Banking at EagleBank. Headquartered in Bethesda, Md., EagleBank is a community bank serving the Washington, D.C. metropolitan area with over $10 billion of assets. Tony joined EagleBank in 2011 as the Chief Real Estate Lender. Prior to joining EagleBank, Tony established the real estate lending franchise for HSBC for the Washington, D.C. market ...
New York City to Construct 10 New Commercial Towers
Earlier this year, the New York Governor’s Office announced plans to construct 10 towers comprised mostly of office buildings around Penn Station to help pay for renovation of the station. According to a spokesperson at the governor’s office, the station’s renovations are expected to cost between $6 and $7 billion and will take place between four and five years after ...
After Years of Renovation, David Geffen Hall is Open in NYC
We all know Lincoln Center as a destination for opera music and film (this is where the New York Film Festival is hosted, after all). Now, this cluster of buildings in the Upper West Side just reopened its concert hall for the New York Philharmonic (it was previously called the Avery Fisher Hall), as the new David Geffen Hall, which ...
Don’t Let CRE Property Sellers Fool You With Glitz and Glamour
I recently came across a Midwest multifamily deal that was for sale. I had seen the seller around social media. How could I not? The seller routinely shows off his private jets and how many millions he is making for his investors (which I don't doubt since he was in multifamily since 2013). Watching the marketing material, you get the ...
The Latest Developments on 2 World Trade
In the aftermath of the 9/11 attacks, construction started in 2008, rebuilding the demolished World Trade Center towers that were first designed by Japanese architect Minoru Yamasaki in the 1970s. Now 2 World Trade Center (also known as 200 Greenwich Street) is a planned skyscraper as part of the forthcoming, 16-acre World Trade Center complex. The 82-floor building is still ...
3 Private Clubs Coming to Class A Office Space in New York
In Manhattan, we’ve seen a surge in private member’s clubs such as the Ned NoMad and Fasano Fifth Avenue in the Upper East Side. Some of these clubs are more than private restaurants and bars with VIP events, however. Now some private member’s clubs are offering office space, to get workers out of their home offices. New York developers are ...
Will The Modern Raise the Bar for Luxury Multifamily in Seattle?
When it comes to the luxury condo market, rarely does Seattle come to mind. However, a new tower that recently went up could change the game. The Modern is setting the bar for next-level luxury in Seattle, a project by commercial developer, Martin Selig Real Estate, and designed by Perkins & Will architecture firm. Last year the Seattle rental market ...
Why Arizona Land Is Selling Right Now
Arizona currently ranks sixth in the country for combined acreage available for sale in the state, according to Land Network Data. Right now the overall value of land for sale in the state amounts to $5 billion and covers almost 900,000 acres. As a result, commercial land investment in Arizona is bustling. According to Anita Verma-Lallian, CEO and Founder of ...
