While this wasn’t a good year for commercial real estate, banks saw commercial loan growth. These loans — known as CRE loans — were up...
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...
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,...
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...
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...
Are malls the canary in the commercial real estate coal mine? A recent Bloomberg News report warns that the collapse of the American mall industry...
Simon Properties continues to defy the odds, posting a pandemic-depleted but profitable quarter Monday (Nov. 9). The mall and outlet center real estate investment trust...
The International Accounting Standards Board introduced a significant overhaul to lease accounting standards, and while the changes went into effect at the start of 2019,...
WeWork could run out of money by next month — despite the fact that it was valued at $47 billion just nine months ago, making...