In case you missed the news, take a look at the latest roundup of the week’s top national commercial real estate stories, as reported by our plugged-in and in-the-know CoStar News team.
Colliers to Merge With Largest Affiliate, Expanding in Northern CA, Nevada
Colliers International Group, Inc. late Thursday announced plans to merge with its largest U.S. affiliate, Colliers Parrish International Inc., bringing 400 real estate professionals across nine offices in Northern California and Nevada under the corporate umbrella.
Speculation Mounting Over Who Will Buy Stores Unloaded by Walgreens/Rite Aid
As 2017 quickly approaches, speculation is mounting over which of Walgreens/Rite Aid's rivals will buy up to 1,000 stores the two pharmacy retailing giants are expected to be asked to sell by government antitrust regulators. The Kroger Co., Albertsons Cos. and Fred’s Pharmacy have emerged as potential buyers.
No Surprise as Fed Raises Key Interest Rate, but Hike Still Sends Shiver Through REIT Sector
While CRE analysts have anticipated an increase in the Federal Reserve's key short-term interest rate for several months, baked-in expectations failed to prevent a sell off of stocks in REITs and the broader market when Fed Chairman Janet Yellen finally announced a rate hike this week.
FDIC Sees Early Signs of Stress Showing Up in CRE Lending
It could be that delinquency rates for bank loans on commercial real estate had nowhere to go but up, or it could also be an early sign of stress in CRE lending. Either way, the FDIC is closely monitoring late payments and other signs of delinquency among loans made by its members that are secured by nonfarm nonresidential properties.