Vacant Land To Thriving Communities:
Former Bases Are Bay Area's Biggest Projects
With thousands of acres tied up in former military bases throughout the Bay Area, the region faces significant opportunities for development. After decades of planning, several master planned projects are moving forward that will create over 32,000 units of housing and millions of square feet of office and industrial.
Alameda Point - Site A
Developers: Alameda Point Partners (a partnership with srmErnst, Thompson Dorfman Partners, Madison Marquette, Trammell Crow Residential and Eden Housing)
Architects: BAR Architects, April Philips Design Works, BKF Civil Engineers
Size: 67 acres
Housing: 800 units
Commercial: 600K SF
The Alameda…
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Apartment Landlords Are Hopping Into Bed With Airbnb For Long-Term Rentals
As Airbnb continues to jump over regulatory hurdles, the home-sharing giant is working to expand its long-term rental business — which is fraught with hurdles of its own.
The major landlords that could really bring credibility to its long-term rentals are the same landlords that, so far, have been the most resistant, Yardi Matrix director of business intelligence Doug Ressler said.
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Wells Fargo To Shutter 450 Branches, Slash Expenses By $4B
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Warehouse, Office Properties Dominate April CMBS Issuances — Here Are 5 Of The Top Loans
The CMBS market is facing headwinds, what with the state of the retail industry and the billions of dollars of CMBS loans backed by malls that are set to mature this year.
With these concerns in mind, CMBS issuances continued to fall in April. (Loan issuances were down 34% in Q1.) Lenders issued 93 loans that totaled $3.3B in April, a far cry from the $6.3B issued in March. Warehouse, office and retail loans within New York City, Washington, DC, and Los Angeles dominated the month, according to the latest Trepp data.
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