commercial real estate

Luxury Firms Compete for Buildings on Fifth Avenue
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024  |  Retail

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the...

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Luxury Brands Spend Billions for High-End Shopping Real Estate
Luxury Brands Spend Billions for High-End Shopping Real Estate
April 07, 2024  |  Retail

Luxury brands like Gucci are reportedly spending billions to stay at high-profile addresses. As The Wall Street Journal (WSJ) reported Saturday (April 6), these companies are worried...

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Dimon Says Commercial Real Estate Owners Are Handling Stress
Dimon Says Commercial Real Estate Owners Are Handling Stress
February 26, 2024  |  Real Estate

JP Morgan Chase CEO Jamie Dimon said Monday (Feb. 26) that most owners of commercial real estate will be able to “muddle through” the current economic environment. Those...

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PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
PNC Net Loan Charge-Offs Rise 65%, Driven by Commercial Real Estate
January 16, 2024  |  Loans

PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase...

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Banks Challenged While Construction Loans Hang Around
Banks Challenged While Construction Loans Hang Around
December 26, 2023  |  Loans

While this wasn’t a good year for commercial real estate, banks saw commercial loan growth. These loans — known as CRE loans — were up...

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Blackstone Top Bidder for Signature’s Commercial Property Loans
Blackstone Top Bidder for Signature’s Commercial Property Loans
November 19, 2023  |  Banking

Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17...

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Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
September 12, 2023  |  Banking

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020,...

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WeWork Faces Warrants Delisting After Hitting ‘Abnormally Low’ Price Levels
WeWork Faces Warrants Delisting After Hitting ‘Abnormally Low’ Price Levels
August 23, 2023  |  Stock Index

WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the...

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Report: Commercial Real Estate Troubles Threaten Regional Banks
Report: Commercial Real Estate Troubles Threaten Regional Banks
June 11, 2023  |  Real Estate

Regional banks may not be out of the woods just yet.  Speaking at last week’s Bloomberg Invest conference, Soros Fund Management Chief Executive Officer Dawn Fitzpatrick warned that...

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