Richard Berger

3 days ago | commercialsearch.com | Richard Berger

By Richard Berger April 20, 2025 OfficeNationalNewsTrends And other considerations on companies’ employee mandates. More firms are setting stricter in-office expectations, including minimum in-office requirements, with larger companies leading the shift. As of early this year, nationwide office traffic remained at 59 percent of pre-pandemic levels, but that could change if corporate pressure intensifies, according to a new report from Savills. The fixed-hybrid model is the most popular among...

6 days ago | commercialsearch.com | Richard Berger

By Richard Berger April 17, 2025 IndustrialDevelopmentJacksonvilleSoutheast The facility will serve the retailer as a major regional hub. Walmart has opened a major new distribution center in Jacksonville, Fla., that will serve the retailer as a hub for the Southeast. Located at 1511 Zoo Parkway, the 1 million-square-foot facility will handle items for 18 Sam’s Club locations in Florida, South Carolina, and Georgia, as well as seven clubs in Puerto Rico. Wal-Mart’s new 1 million-square-foot...

1 week ago | multihousingnews.com | Richard Berger

The slower pace of interest rate cuts signaled lately by the Federal Reserve has not affected investor sentiments for value-add and core assets, according to CBRE’s latest quarterly Multifamily Underwriting Survey. Core multifamily asset underwriting assumptions improved in the year’s first quarter, while those of value-add assets declined slightly. Stable IRR targets for core assets in the first quarter were found for 16 of the 19 markets that CBRE tracks.

1 week ago | multihousingnews.com | Richard Berger

Edge-on-Hudson, a transit-oriented mixed-use community and the The Daymark, a luxury condo development received a $237.5 million refinancing loan. The communities, located in Sleepy Hollow, NY, are part of the larger Edge-on-Hudson mixed-use development. Hudson Bay Capital Provided the funding to developer Biddle Real Estate Ventures and investment partner King Street Capital Management.

1 week ago | commercialsearch.com | Richard Berger

Office traffic nationally remains well behind the pace of the pre-pandemic level but it is showing steady improvement. Visits in March came in 32.2 percent below March 2019 levels. However, a recent report from Placer.ai said that although numbers declined in January and February, last month’s data reveals that new return-to-office mandates could have had an impact. New York City (down 11.4 percent) and Miami (down 17.3 percent) have recovered the most.