(Bloomberg) — U.S. commercial real estate prices are falling as the economic toll of the Covid-19 pandemic worsens — and the decline is just getting started. © Photographer: Spencer Platt/Getty Images Fifth Avenue retail store in Manhattan Indexes for office, retail and lodging properties all slipped year-over-year in July, data […]

By Camilla Dell, Founding Managing Partner, Black Brick         As experts in the Prime Central London (PCL) property market, we’re always, of course, analysing the data, so I would never dismiss the empirical evidence that many reports provide. As someone with a Masters in marine biology, I’ve […]

“Commercial rentals haven’t gone mad; rates and taxes have. They are bizarrely increasing in this weak economic environment and these continued increases are unsustainable for the real estate industry,” said Estienne de Klerk, CEO of Growthpoint Properties and Chairman of the South African Real Estate Investment Trusts (SAREIT) Association, speaking in today’s […]

Chestnut Ridge Apartments. Image courtesy of Beitel Group Beitel Group, a New York-based single family office, has acquired Chestnut Ridge Apartments, a 384-unit apartment community in Louisville, Ky., from Birge & Held Asset Management, which had owned the property for more than three years. The sale price was not disclosed. […]

HONG KONG, Aug 19 (Reuters) – Hong Kong’s banking regulator said on Wednesday it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by U.S.-China trade tensions, violent street protests last year and the coronavirus crisis. The change lifts […]

CLOSE Sun King Taproom & Distillery is a 15,000-square-foot food hall maze of bars, restaurants, dining areas, markets and distillery operations at 351 Monon Trail, a block south of Main Street in Carmel. In what some Carmel residents viewed as a monumental decision to allow more commercial development west of […]

MasterCraft buys Florida boat plant MasterCraft Boat Co. has agreed to buy a boat manufacturing plant located in Merritt Island, Florida, to support its recently introduced Aviara brand. Aviara, a premium designer, manufacturer and marketer of luxury day boats ranging from 32 to 40-feet in length is a de novo […]