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May 8, 2024

Leasing Bump Buoys Brokerages As Fading Hope For Rate Cuts Sinks Sales

An increasingly active office market helped the publicly traded commercial real estate brokerages post largely positive first-quarter results, although the firms' leaders pointed out that an expected return of capital markets activity has again been delayed.

Leasing Bump Buoys Brokerages As Fading Hope For Rate Cuts Sinks Sales

CBRE posted a $126M profit, leading the pack ahead of $66M in net income from JLL and $43.3M from Colliers. Newmark and Cushman & Wakefield both reported losses of around $29M. Executives at the major brokerages…

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Wingate Planning 187 Units In Next Phase Of Bedford Pine Redevelopment

Wingate Planning 187 Units In Next Phase Of Bedford Pine Redevelopment

A Massachusetts-based multifamily developer is continuing its redevelopment of the Bedford Pine housing project in the Old Fourth Ward with a large new proposal. Wingate Cos. has filed an application to develop a 187-unit apartment complex at 640 Boulevard NE, a half-mile west of Jamestown’s Ponce…

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Arbor Realty Tries To Mitigate Troubled Loans With $1.9B In Modifications

Arbor Realty Tries To Mitigate Troubled Loans With $1.9B In Modifications

Arbor Realty modified about $1.9B in loans in the first quarter, including extending maturity dates and offering “temporary rate relief” to multifamily borrowers trying not to buckle under interest rate pressure.The multifamily lender and real estate investment trust has been hammering out loan modifications on

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