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Top related persons:
Thomas LaSalvia - 3 Shankar Ramakrishnan - 2 Mike Comparato - 1 Jeff Holzmann - 1 Razmig Boladian - 1 Claudia Faust - 1 Alex Horn - 1 Horn - 1
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Texas Franklin California . Texas Texas — Austin Dallas Austin , Texas Springs Dallas , Texas
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Thomson - 2 Realty Trust - 1 RREAF Holdings - 1 Rubicon Point Partners - 1 Hawkeye Partners - 1 Service - 1 Lone Star State - 1 Wall Street - 1

Search resuls for: "Thomas LaSalvia"


4 mentions found


☆ Liquidity gridlock worsens in US commercial real estate sector
  + stars: | 2023-11-08 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com   time to read: +5 min
And those workouts are becoming mathematically untenable even for private lenders. Borrowing costs for the CRE market have risen more than income, a situation prompted by the steepest jump in interest rates in decades. NO REAL OPTIONRising caution among private lenders will worsen the paucity of liquidity for property owners who have no real exit option. Some private lenders faced the risk of ending up paring their portfolios that were expensive to manage, he added. But the firm's head of commercial real estate economics Thomas LaSalvia said probability of a contagion effect was low.
Persons: Mike Comparato, Jeff Holzmann, Razmig Boladian, Claudia Faust, Alex Horn, Horn, Jay Hiemenz, Thomas LaSalvia, Shankar Ramakrishnan, Anna Driver Organizations: Realty Trust, RREAF Holdings, Rubicon Point Partners, Hawkeye Partners, Thomson Locations: Franklin, Texas
☆ 'We like to develop in Texas': Why the Lone Star State keeps building offices that remain vacant
  + stars: | 2023-10-10 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +4 min
Texas developers continue to build offices, even though office-vacancy rates are high. That's because Texas developers build too much. Even with those numbers, Eckert told the Journal that new office completions in Texas eclipsed every other market. Part of that cleansing is converting office buildings into something new , giving them a chance at a new lease on life. Overall, Eckert isn't worried about the office vacancies in Texas, as that is just one data point that doesn't tell the whole story.
Persons: —, Manny Garcia, Thomas LaSalvia, Jeff Eckert, JLL's, Houston —, Brandon Bell, Houston's, Eckert, JLL, Eckert isn't, it's Organizations: Service, Lone Star State, Wall Street, Moody's, Texas —, Houston Locations: Texas, California . Texas, Texas — Austin, Dallas, Austin , Texas, Springs, Dallas , Texas
☆ San Francisco hit again as large mall owner walks away
  + stars: | 2023-06-13 | by ( Granth Vanaik Shankar Ramakrishnan Matt Tracy | Granth Vanaik | Shankar Ramakrishnan | ) www.reuters.com   time to read: +3 min
Unibail-Rodamco-Westfield (URW.PA) said late on Monday it will transfer its Westfield San Francisco shopping mall to lenders. The announcement followed Park Hotels & Resorts (PK.N) statement last week that it ceased making payments toward a $725 million mortgage linked to its Hilton San Francisco Union Square and Parc 55 hotels. Westfield's decision is the latest blow to San Francisco, the once-booming tech hub that has been particularly hard hit by the pandemic. The potential for difficulties from commercial real estate to flow through to banks is also becoming a bigger worry for investors and regulators. Warren Wachsberger, CEO of Aecom Capital, a real estate investor, said mall owners like Unibail-Rodamco-Westfield are focusing on their best properties.
Persons: Thomas LaSalvia, Warren Wachsberger, we're, Wachsberger, Granth, Shankar Ramakrishnan, Matt Tracy, Sriraj Kalluvila, Alexandra Hudson Organizations: Westfield San, Resorts, Hilton San Francisco, Square, downtown, Real Estate Economics, Aecom, Westfield, U.S, Flagship, Nordstrom, Banana Republic, Washington DC, Alexandra Hudson Our, Thomson Locations: San Francisco, Westfield, Westfield San Francisco, downtown San Francisco, Bengaluru, New York, Washington
☆ Foot Locker is closing 400 stores. They may become an eyesore
  + stars: | 2023-03-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +6 min
Foot Locker will close 400 stores by 2026 in malls. Anchor vacancies in malls hurt neighbors like Foot Locker and reduce traffic to their stores as well. Eventually, stores like Foot Locker go dark and it becomes harder for the mall to survive. Finding tenants for the 400 Foot Locker spaces will be challenging as big retailers look to stay away from weaker malls. Bed Bath & Beyond will be “much easier to fill than in-mall spaces.”So what happens to all the indoor malls with empty Foot Locker stores and other vacant spaces?
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