Extra Space is working with an adviser on a potential bid, the people said asking not to be identified because the matter is private. Its plans aren’t final and could still change.
Investors in real estate debt continued to feel the impact of troubles in the banking sector. Bisnow warned that investors in industrial outdoor storage should exercise caution. These are among today’s must reads from around the commercial real...
In a deal with the Federal Deposit Insurance Corp., New York Community Bancorp Inc. is buying more than $34 billion in Signature’s deposits, as well as $13 billion in loans and 40 bank branches. Left behind is the commercial real estate debt...
Nationwide, the typical rent for a single-family home rose 5.7% from a year earlier, data from the real estate analytics provider show. All 20 major metro areas tracked by CoreLogic posted single-digit annual rent increases, for the first time...
QIA directly owns 1 Cabot Square where Credit Suisse has a lease until 2034, as well as owning half of Canary Wharf Group, the landlord that owns and manages much of the rest of the east London financial district. While UBS will assume liability...
The Real Deal looks at the potential impact of UBS buying Credit Suisse. The New York Times examines what it calls a chaotic liquidation of Bed Bath & Beyond’s Harmon Stores division. These are among today’s must reads from around the commercial...
WeWork reached a deal to restructure its debt with SoftBank, reports The New York Times. The Real Deal explores whether Houston’s reputation as a developer-friendly and pro-business haven stands up to scrutiny. These are among today’s must reads...
Applications to build, a proxy for future construction, climbed 13.8% to an annualized pace of 1.52 million units, reflecting gains in permits for both single-family and multifamily projects.
Fallout from the collapses of Silicon Valley Bank and Signature Bank continued to impact banks, REIT stocks and commercial landlords. Five Below plans to open 200 new stores, reported Chain Store Age. These are among today’s must reads from...
