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The Latest Breaking News from CBRE

What to Expect From CBRE Group's Q2 2024 Earnings Report

CBRE Group is set to unveil its Q2 earnings later this month, and analysts project a double-digit profit dip.

Barchart

Data center demand is booming - but we don't have the power to deal with it

AI’s insatiable appetite for data centers is putting pressure on power supplies and construction worldwide.

TechRadar

Buyers looking to sink their teeth into Luna Park

Sydney harbourside icon Luna Park has been listed for sale and could fetch as much as $70 million from a buyer.

AAP

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From social housing to $1.5m for a studio: minister hits out at ‘dud deal’ sale of Sydney’s Sirius building

Exclusive: Rose Jackson says losing public housing in expensive central suburbs leaves society worse off, and flags this week’s state budget will address issue

The Guardian - AU

Bigbear.Ai and 2 More Penny Stocks Insiders Are Buying

Heavy insider buying has pinged the radar on these three penny stocks lately, but are they worth adding to your portfolio this June?

Barchart

3 Real Estate Stocks with Sky-High Profit Potential

The real estate services sector looks poised to grow due to the rising availability of housing inventory, slower price increases, active sellers, lower mortgage rates, and the start of the spring buying season. Given their solid profit potential, investors could consider buying fundamentally strong real estate stocks: CBRE Group (CBRE),…

StockNews.com

Why now is a golden moment to act on London office investment

The City is expected to outperform all other European office markets over the next five years for total returns

Evening Standard

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Jamie Dimon says San Francisco is in 'far worse shape' than New York—and the data agrees

The JPMorgan CEO Dimon said San Francisco officials hadn’t taken care of the essentials citizens need like public safety and affordable housing.

Fortune

2024 Buy or Hold Real Estate Stocks?

Despite the persistence of high property prices and tight inventory levels, cooling mortgage rates may incentivize prospective homebuyers to kick-start their property search, suggesting the housing market might be bouncing back. To that end, let's explore whether to buy or hold real estate stocks CBRE Group (CBRE), Hang Lung Properties…

StockNews.com

As offices sit empty and housing costs soar, some Texas developers are converting workspaces into apartments

Not every downtown high-rise is a good fit for an office-to-housing conversion, but some officials and developers see benefits in turning unused space into new residential units.

The Texas Tribune

Despite strong economy, Texas cities grapple with excess office space

As remote and hybrid working become the new normal, major Texas cities are facing a decline in office tenants. It’s too soon to tell what that means for the vitality of downtowns.

The Texas Tribune

New home for Daily Record announced amid plan to vacate Clyde waterfront office

THE Daily Record is to leave its waterfront office building in Glasgow and move into a new space ...

The National (Scotland)

Prize-winning real-estate economist says the office market won’t improve for years: ‘This is a trainwreck in slow motion’

Several factors make it unlikely the office real estate market will rebound anytime soon.

Fortune

John Lewis to seek £150 million from sale of 12 Waitrose stores

A sale and leaseback allows the retailer to monetize parts of its valuable store estate

Evening Standard

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Fortune

There's a housing shortage and an office glut. So why are there only 217 U.S. office-to-resi conversion projects in the pipeline?

Ongoing office-to-residential conversions are just a "drop in the bucket" of the projects to come, CBRE researchers say.

Evening Standard

Retailer demand for Oxford Street shops picks up pace again after turbulent period

Oxford Street was given a big boost earlier as figures showed retailers are queuing up to open new stores there, with more than 100,000 sq ft of deals in advanced negotiations.

TV Tech

Ted Hand Elected SBE President

Hand succeeds Andrea Cummins, who served for two terms

The Hindu

Luxury segment housing sales rise in top seven cities of India: Survey

CBRE South Asia Treal estate consulting firm announced the findings of the January-June ’23 residential sector survey data highlighting trends in the top seven cities in India.

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news in one place.

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Evening Standard

‘Flexible’ space to increasingly feature in company office plans

Employers will increasingly seek a ‘flexible’ workspace option in their office portfolios within two years, a survey of property decision-makers has found.

Chicago Sun-Times

Few winners, many losers as office building debt and vacancy worsens

Only a handful of downtown buildings get most of the new leases as downsizing tenants give up space and commercial debt gets pressured.

Tribune News Service

Bay Area tech layoffs hit mainly non-tech workers: CBRE report

SAN JOSE, California — The massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees of the companies that have orchestrated the local job cuts, a new report released Tuesday states.

Birmingham Post

Work starts on £5.5m revamp of Birmingham office block

St Philips Point is undergoing major facelift to create new office space and has also been rebranded Arca

Evening Standard

Prolonged property slump looms as interest rates expected to top 6% until 2025

“ Our prediction for an 11% decline in residential house prices over 2023 doesn’t now seem so far away,” one expert said

Insider UK

Glasgow's Forsyth Building sold for £9.7 million

Previous owners the Ambassador Group recently refurbished the former department store

Birmingham Post

Chemicals firm Vuba expands South West operations with lettings deal

The Yorkshire-headquartered firm specialises in resin bound surfacing for driveways

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