Pandemic impact may weigh on commercial real estate recovery in US, Real Estate News, ET RealEstate

LOS ANGELES: The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic. That would be a welcome change for companies that own office buildings and hotels, or those that lease space to restaurants, bars, department stores and other retailers. […]

Record rise in Swedish house prices raises overheating fears, Real Estate News, ET RealEstate

STOCKHOLM: The price of single family homes in Sweden rocketed 17% in the first three months of the year, data showed on Wednesday, increasing concerns that the market is overheating. The rise was a record, according to Svensk Maklarstatistik, an association of real estate agents, since it started collecting data in 2005. Apartment prices rose […]

Brookfield Asset to buy remaining stake in real estate unit for $6.5 billion, Real Estate News, ET RealEstate

BENGALURU: Canada‘s Brookfield Asset Management Inc would buy the remaining stake it does not already own in its commercial real estate business Brookfield Property Partners for about $6.5 billion, the companies said on Thursday. The deal was a raise from the $5.9 billion the alternative-asset manager offered in January this year. The COVID-19 pandemic has […]

States in US struggle to get rent relief to tenants amid pandemic, Real Estate News, ET RealEstate

Representative image Gov. Andrew Cuomo announced last July that New York would spend $100 million in federal coronavirus relief to help cash-strapped tenants pay months of back rent and avert evictions. By the end of October, the state had doled out only about $40 million, reaching 15,000 of the nearly 100,000 people looking for help. […]

Ireland looks to pubs, derelict buildings to boost remote working outside cities, Real Estate News, ET RealEstate

DUBLIN: Ireland will turn vacant buildings in rural towns into remote working hubs and examine whether pubs could be used as workspaces during quiet afternoons in a bid to encourage more people to live outside big cities. Describing the pandemic-driven move towards remote working as a potential “game-changer” for struggling towns and villages, the government […]

Student housing provider Unite Group sells eight properties for $183 million, Real Estate News, ET RealEstate

BENGALURU: Unite Group said on Tuesday it had sold eight properties for 133 million pounds ($183.15 million) to Aventicum Real Estate, as the British student housing provider turns its focus to high- and mid-tier universities. Unite, which reported a wider 2020 pre-tax loss of 120 million pounds earlier this month, had said it was targeting […]

Hong Kong home prices rise 0.9% in February; fastest pace in 9 months, Real Estate News, ET RealEstate

HONG KONG: Hong Kong private home prices rose 0.9% in February from the previous month, their fastest pace of growth since May, official data showed on Monday, supported by improved sentiment that new coronavirus vaccines will speed up the economic recovery. The gain in the most unaffordable property market in the world last month compared […]

helping SoftBank’s SPAC deal, Real Estate News, ET RealEstate

File Photo BOSTON | BENGALURU: An unlikely figure helped set the spark for SoftBank Group Corp’s $9 billion deal to take WeWork public. Adam Neumann, WeWork’s co-founder and ousted chief executive, met in November with the head of the special purpose acquisition company (SPAC) that would go on to clinch a deal with WeWork, according […]

Annaly Capital to sell commercial real estate business in $2.33 billion deal, Real Estate News, ET RealEstate

Annaly Capital Management Inc has agreed to sell its commercial real estate business to investment firm Slate Asset Management in a deal valued at $2.33 billion to sharpen its focus on its core residential mortgage finance business. Annaly said in a statement on Thursday that the deal, which is expected to close by the third […]

Microsoft planning to let employees back into office with hybrid workplace, Real Estate News, ET RealEstate

By Lauren Hirsch Microsoft has joined other corporate giants in assessing the best way to bring workers back to the office, a year after the pandemic sent home employees, who had to learn how to be productive on video conference calls while juggling interruptions from families, pets and the doorbell. The tech giant announced Monday […]

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