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☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ The Crooked House was Britain’s wonkiest pub. Then it burned down
▼ + stars: | 2023-08-13 | by ( Caolán Magee | ) edition.cnn.com time to read: +4 min

London CNN —As the name suggests, The Crooked House, a historic pub in England’s West Midlands, had a distinctive feature. People inspect the rubble as they gather at The ruins of The Crooked House pub. Wright co-founded the “Save The Crooked House” campaign group. Instead, they found themselves in a state of near mourning, after the fire and demolition apparently dashed hopes of the pub surviving. “It’s like a death in the family,” Wright told CNN by phone.

Persons: Matthew Cooper, Dudley ’, Matt Wright, ”, they’ll, it’s, Wright, King Charles, ” Wright, Andy Street, ” Sacha Lord Organizations: London CNN —, ”, Police, Dudley, CNN, Facebook, West, Twitter, Topical Press Agency, Hulton, BBC, Altus Group, Time Industries Association Locations: England’s West Midlands, Dudley, Himley, West Midlands, England, London

☆ Wanted: new owner to run The Crooked House, Britain's 'wonkiest pub' that's been serving pints for almost 200 years
▼ + stars: | 2023-03-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Ambitious buyers have the chance to own what's been dubbed the "wonkiest pub" in Britain. The Crooked House near Dudley has gone on the market at a guide price of just over $800,000. If you don't mind tilting your head a bit, The Crooked House could be the one for you. "This is a chance to own what has been called Britain's wonkiest pub and Britain's drunkest pub. A Marston's representative told The Times that The Crooked House was expected to remain as a pub under a new owner.

☆ Has the Phoenix Valley real estate market hit its pandemic ceiling? 7 industry experts debate if Phoenix's lofty home valuations are justified — or if there's a housing correction on the horizon for t
▼ + stars: | 2022-07-07 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +15 min

Besides an overwhelming investor appetite, the surge in the Sunbelt's real estate prices can also be attributed to an influx of enthusiastic remote workers with deep pockets. "The Phoenix market was largely a COVID-19 pandemic market until about last summer," independent real estate market analyst John Wake told Insider, explaining that it was mainly owner-occupants driving the market. "In 2007, before the great recession, over 50% of our workforce was in real estate, construction, retail, and hospitality. Besides its investments into the biosciences and healthcare industry, Phoenix also has a stake in another global sector — semiconductor chip manufacturing. Eventually, Rounds forecasts a price correction of at least 25% for the Phoenix housing market.

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