High-net-worth individuals (HNWIs) have emerged as an avid group of commercial real estate investors in recent years. Yet even as allocations to the asset class remain strong, investors are treading carefully amid concerns about slowing growth and the near-term economic outlook.
NREI recently spoke with Gregg Gerken, head of commercial real estate business at TD Bank, to hear his views on the current climate for bank lending and what’s ahead for 2020.
RocketSpace Inc., a San Francisco-based WeWork rival, is pulling out of its U.K. shared office business and will shut down the subsidiary by April in another blow to London’s co-working scene.
President Trump plans to restore steel and aluminum tariffs on South American countries, reports the Wall Street Journal. Almost every type of investment turned out to be profitable in 2019, according to CNBC. These are among today’s must reads from around the commercial real estate industry.
