Up Close with Peter Michelis and Larry Rose
Seven months into forming The Michelis Rose Group, Peter Michelis and Larry Rose have hit the ground running, working on more than $100M in redevelopment projects, including three Sears properties in New Jersey and New York on behalf of REIT Seritage Growth Properties, the retailer's spinoff company for its real estate holdings. We sat down with the duo to learn what they're working on and how market trends will impact their business going forward.
Michelis and Rose first met while they both worked on the leasing and construction of a ground-up retail power strip center in Woodbridge for Forest City Ratner in 2000. Even though their careers took different paths over the next 15 years,…
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USA Today Dubs The Asbury No. 1 New Hotel
The Asbury — the first hotel to launch in Asbury Park in over 50 years upon its 2016 opening — recently nabbed the No. 1 spot in USA Today's list of 10 Best New Hotels, determined by popular vote.
The…
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ASAP Acquires Renaissance Woodbridge Hotel
ASAP International Holdings this week announced it acquired the 311-key Renaissance Woodbridge Hotel on Route 1 in Iselin for an undisclosed sum. It plans to renovate the hotel into a high-class destination for leisure and business travelers.
The acquisition capital,…
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Top 3 Drivers Of Deal Velocity In Hudson County's Secondary Markets
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Marcus & Millichap - New York |
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Hudson County's landscape has been transforming and gentrifying for years, and its secondary market is piquing investor interest. Significant infrastructure improvements, a shrinking supply of pricey alternatives, and shifts in both demographics and attitude have all focused attention on Hudson County,…
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Debt Capital, Foreign Investment To Remain Widely Available For CRE In 2017
Experts are watching to see if President-elect Donald Trump's future policies will impact the economy as projected.
Most estimates regarding fiscal stimulus from corporate tax cuts, lending deregulation and the like are still a bit premature, experts say, but financial markets are optimistic the president-elect and his Cabinet picks will mean good things for the American economy.
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The Good, The Bad And The Ugly: Market Outlook For 5 CRE Sectors This Year
Experts are forecasting boosted GDP, corporate tax cuts, looser lending regulations and an overall improved economic outlook for the U.S. under the Trump administration. But it won't be all sunshine and happiness just yet.
Trump's expected policies will likely drive inflation upward, forcing the Fed to counteract by increasing the pace of interest rate hikes this year. These factors combine for a mixed economic outlook. Here's a quick snapshot of how the five commercial property sectors are expected to fare this year, according to CBRE's 2017 Office Outlook report.
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