National Commercial Real Estate News From CoStar Group
Capital Markets Report: Canadian Investor Looks for 'Sweet Spot' In U.S. Market
Slate Properties Inc., a Toronto-based commercial real estate investor and asset manager, last week filed to launch a new REIT to be called Slate U.S. Opportunity (No. 3) Realty Trust.
Slate’s principals, Blair and Brady Welch, are forming the trust to invest in properties in secondary markets in the U.S. focusing on anchored retail properties in such cities as Pittsburgh, Columbus and Charlotte.
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Renters May Be Stickier Than We Thought
By: Francis Yuen
While it may be a popular belief that rising rents and low interest rates have chased tenants away from institutional apartments and into more affordable rental alternatives or homeownership, the data shows this to be more myth than reality, at least for now.
Along with vacancy, turnover is another way to analyze current market conditions. If a tenant leaves on the first of the month and the apartment is filled 25 days later,...
Facility Closures & Downsizings: Blackberry Pruning Products, Staff
As part of smartphone maker Blackberry’s plan to focus on enhancing its financial results, and in response to the increasing competition, the Waterloo, Ontario-based firms plans to transition its future smartphone portfolio from six devices to four. The portfolio will focus on two high-end devices and two entry-level devices.
As part of the refocusing, the company said that it is targeting a 50% reduction in operating expenditures by the end of...