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WMRE Daily

FEBRUARY 17, 2023

Top Story

More Sellers Become Open to Off-Market Deals as CRE Market Faces Liquidity Crunch

By Patricia Kirk, Contributing Writer

As sellers become more concerned about marketing a property that fails to sell, it has opened up more opportunities for investors looking for off-market acquisitions.

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New CRE Tech Platform Aims to be a ‘Dating Service’ for 1031 Exchange Deals

By Buck Wargo, Contributing Writer

The nxtCRE platform aims to connect 1031 exchange investors, property sellers and lenders.

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WMRE Wire

Why Workers Aren’t Returning to North America’s Second Biggest Financial Center

Bloomberg

Toronto is North America’s fourth-largest city and second-largest financial center, and on many days its downtown is bustling again. However, a range of data suggest a more downbeat trend: Toronto’s workers are returning to the office at consistently lower rates than comparable metros.

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New York Has a New Public Spaces Czar to Help De-Clutter City Streets

Bloomberg

Formally known as the chief public realm officer, Ya-Ting Liu’s job will be to figure out how to make the city’s outdoor dining program permanent, make streets more pedestrian-friendly and keep business districts clean.

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Eight Must Reads for CRE Investors Today

WMRE Staff

The New York Times looks at how mall owners are using the addition of apartment components to their properties to drive up foot traffic and revenue. Eastdil Secured is laying off 7% of its workforce as investment sales have slowed down, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.

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