NEWS
Fundrise Unveils Its First Credit Fund To Help Fill Lending Gap
Washington, D.C.-based alternative asset manager Fundrise has formed its first fund focused on financing commercial real estate projects. The credit fund aims to raise $500 million and is designed to give individual investors access to opportunities emerging from...
First-Quarter Results Likely To Be the High Point of 2023 for Hotel Companies
Revenue Growth Rate Expected To Slow After Strong Start to the Year U.S. hotel industry revenue per available room in the first quarter was 16.7% higher than it was in the same quarter of 2022. This stronger-than-expected result was driven by a healthy average daily...
New Costco Design With Apartments Overhead Has Property Brokers Buzzing
Big Box Retail Chain Usually Isn’t a Ground-Floor Tenant in Multifamily Developments Costco, a retail chain known for cavernous buildings full of stacked goods, is working on a deal in Los Angeles that would put apartments full of potential customers on top of a...
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