NREI Daily
Wealth Management FinTech
 

APRIL 22, 2019

Top Story

Alternative Properties

Low Interest Rates, High Demand from Users Boost Hotel Sales Volume

Brokers are busy again with the sales of hotel properties, after a slow winter with relatively few transactions. “Investor appetite continues to be very strong for hotels,” says Kevin Mallory, global head of CBRE Hotels. “That’s a surprise.”

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Analysis

Office

Life Sciences Space Continues to Be in High Demand, with Low Vacancies and Rising Rents

Advances in technology over the last decade changed the way medical scientists work, first modeling their theories or ideas on computers before taking them to the bench, according to Steve Purpura, vice chairman of the Boston consulting practice and lead/director of the life sciences practice group with real estate services firm CBRE. As a result, the allocation of lab space in research facilities decreased from a 50-50 office to lab ratio a few years ago to 60-40 today, he notes.

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NREI Wire

Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio

Qatar’s sovereign wealth fund and Crown Acquisitions Inc. bough part of Vornado’s $5.6-million Manhattan retail portfolio.

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Trump’s Housing Agency Cracks Down on No-Money-Down Home Loans

The administration is concerned about the risk to the government’s portfolio of federally-insured mortgages.

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10 Must Reads for the CRE Industry Today

The Wall Street Journal looks at how grocers adapt to e-commerce era. Former bank branches are being converted to other uses, reports the New York Times. These are among today’s must reads from around the commercial real estate industry.

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