News

Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse

By: Erik Schatzker Bloomberg March 23, 2020 (Bloomberg) -- Real estate investor Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers …

Commercial Property Freezes: ‘There’s Widespread Panic’

Bloomberg - By Natalie Wong, Jack Sidders, and John GittelsohnMarch 20, 2020, 10:20 AM MDT Updated on March 20, 2020, 1:35 PM MDT A freeze is settling on commercial property markets. Buildings that bustled with diners, drinkers and shoppers just weeks ago have gone quiet. Hotels that housed …

Boulder County completes $12.8M purchase of Lafayette building

LAFAYETTE — Boulder County has completed its purchase of a medical office building in Lafayette. The $12.8 million purchase from Northstar Commercial Partners was approved by the Boulder County Commissioners in early January but closed only recently. The building at 1755 S. Public Road …

Boulder office portfolio sells for combined $146.7M

BOULDER — New York-based real estate investment and development firm Clarion Partners LLC has acquired a trio of central Boulder office buildings for $146.7 million. The sales, which were recorded the last week of December, included 1050 Walnut St., 1881 Ninth St. and 1900 15th St. The …

Foreign Investment in U.S. Commercial Property Drops Almost 50%

Foreign investment in U.S. commercial real estate plunged in the first half of 2019 as signs of a global economic slowdown made buyers more cautious. Deals totaled $16.9 billion, down from a record $32.7 billion in the same period last year, according to a report by CBRE Group Inc. Much of the …