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A collection of 4 posts

Nordstrom to close 350,000 square feet worth of commitments in San Francisco

Per Biz Journals Nordstrom plans to close down over 350,000 square feet worth of commitments in San Francisco. This comprises 312,000 square feet and 45,496 square feet combined. Specifically, the retail giant plans to close its Westfield San Francisco Centre, which is 312,000 square feet large,

UBS predicts a rise in commercial real estate loan defaults, although not a 2008-like credit crunch crisis

Per BI UBS is predicting an increase in defaults for commercial real estate loans. However, the impact isn't expected to be as bad as the global financial crisis in 2008. UBS Global Wealth Management Chief Investment Officer Americas, Solita Marcelli, wrote a note to clients detailing their view

Goldman Sachs pours $200 million into 3 Greek hotels with plans to buy more

Per BI Goldman Sachs has decided to venture into Greek hotels, already spending $200 million on three with plans to buy more. Per WSJ, unnamed sources told them that the firm made the purchase in October and is planning to start its renovations. Another possible acquisition by Goldman Sachs is

US Commercial Real Estate Investors Withdrawal Requests Pile Up to $20 Billion, Second Largest Since Great Recession

Per Bloomberg Some of the largest investors in commercial real estate are filing massive withdrawal requests in fear of a potential slide back in property value. Despite the slowdown of the Fed rate hike, wealthy individuals and retail investors are pulling out from real estate. Blackstone Inc. noticed an outflux