Inflation hits commercial real estate sector hard
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Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for Wealth Management’s RPA channel, reviews all of last week’s industry news and selects the five most important/interesting stories. Worth Reading: Read the full raw transcript below: Greetings & a warm welcome to this week’s edition of 401k Real Talk. This…
“Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.” The picture is not uniform across price tiers. Sales of homes priced below $100,000 fell 1.7% from a year ago, while transactions in the $100,000–$250,000 range were barely changed. At…
Brock Campbell, BNY Mellon’s Global Infrastructure Income exchange-traded fund manager, said some investors mistakenly believe the artificial-intelligence play has peaked. He flags what’s been overlooked.
The increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building. ErieView Development has secured a $93.4 million C-PACE loan from Nuveen Green Capital (NGC) to transform the former Erieview Tower building in Downtown Cleveland into Ohio’s first W Hotel, according to the lender….
Elevated interest rates, stricter borrowing conditions, and rising living costs have made it harder for Australians to save for their next property. According to Strategic Brokers director Hung Chuy, while the recent rate hikes and changes in property taxes have slightly reduced borrowing power for many first home buyers, investors have taken a significant hit….
Singer Charlie Puth has offloaded the Montecito mansion where he and Brooke Sansone tied the knot, selling the sprawling estate for $18.5 million. The off-market deal closed in July but was only recently made public, as first reported by The Real Deal.Puth, 34, purchased the property in 2017 for $4.17 million; the $18.5 million sale…