Ethereum Emerges As CRE's Preferred Crypto As Investor Interest Reignites

Nearly a dozen companies, including investors like BlackRock and Fidelity Investments, filed applications this week to launch exchange-traded funds using ether, the favored cryptocurrency of the commercial real estate world.

Many in CRE dipped their toes into crypto when the craze first hit the financial world years ago. But the renewed interest in the opaque digital currency spurred by a key Securities and Exchange Commission approval last month could open new doors for property investment. 

Phoenix-based NAI Horizon Executive Vice President Jeffrey Garza Walker told Bisnow he is hearing new buzz in CRE about crypto, and particularly ethereum, especially as major ETFs roll out. Garza Walker's specialty is industrial assets, and he believes that blockchain will be a normal way to transact commercial real estate within…

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Brokerage Firms Issue Notes Of Optimism After Year-End Improvements

Some commercial real estate brokerages continued to struggle at the end of last year. Others segued into the new year in the black.

But universally, executives with the largest publicly traded brokerage houses expressed optimism that the embattled commercial real estate markets have finally hit bottom and that business will improve later this year.

Most firms managed to turn a profit in the final quarter of 2023, despite the continued fallout in both capital and leasing markets spurred by work-from-home and interest rate impacts. CBRE surpassed stock analyst expectations, Newmark tallied triple-digit growth in net income, and Cushman & Wakefield experienced…

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House Passes Bill To Allow RFK Stadium Redevelopment, Potentially For NFL Return

A bill that would clear the way for a new football stadium in the nation’s capital — and potentially the return of the NFL's Washington Commanders from Maryland — has scored its first major win.

The House of Representatives passed legislation Wednesday night to hand D.C. control of the 174-acre site of Robert F. Kennedy Memorial Stadium.

If the bill passes the Senate and becomes law, it would allow the District to develop the area now home to the defunct stadium that is undergoing demolition, and the largely underutilized parcels around it, into a mix of uses, including commercial and residential, recreation, open space and a new…

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