WMRE Daily
 
WMRE Daily

DECEMBER 7, 2022

Top Story

Major Office Distress Is All the Talk. But So Far, it’s Not the Reality.

Office loan delinquencies and distressed office sales remain subdued, though the sector is facing headwinds.

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In Case You Missed It ...

Sales of Cannabis Real Estate Run into Some Challenges

More states are legalizing marijuana. But so far, that hasn’t translated into much greater opportunities for real estate investment. 

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WMRE Wire

SL Green Pursues Tallest Tower, 3D Ads at Times Square Casino

The Manhattan-based landlord on Monday revealed further details of its casino bid, which includes partnerships with Caesars Entertainment Inc. and Roc Nation, the entertainment agency founded by Jay-Z.

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LA Approves Tax Increase on Real Estate Deals Over $5 Million

The measure, known as Proposition ULA, boosts the one-time transfer tax to 4 percent for property deals between $5 million and $10 million, and 5.5 percent for transactions of $10 million and above. The current rate on all sales is 0.45 percent.

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Eight Must Reads for the CRE Industry Today

CBL plans to bring additional entertainment centers to its regional malls, reports Commercial Property Executive. A new survey found office workers care more about good WiFi connection and flexible workspaces rather than free coffee. These are among today’s must reads from around the commercial real estate industry.

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