Mixed-use developments in California aren’t new. In the last ten years, developers have been renovating various old commercial buildings to create complexes with both commercial and residential units. Such developments are ideal for the Golden State as a chronic shortage of residential units has made it difficult if not impossible for many people to find
The real estate industry has periodic ups and downs. However, the current market is facing a number of unprecedented challenges. Rising interest rates have made sales difficult or even impossible in some instances. Furthermore, they have led to the collapse of some banks and caused many others to limit credit options for investors and potential
It’s no secret that a growing number of people and companies are choosing remote work arrangements. The percentage of people working from home grew from 9 million in 2019 to 27.6 million in 2021. What’s more, experts believe there will be over 36 million American remote workers by 2025. Naturally, this is taking a huge
In May 2023, commercial real estate prices fell for the first time in twelve years. What’s more, Moody Analytics’ chief economist Mark Zandi is predicting that, by the time mid-2020s, prices will plunge 10% lower than their peak in the mid-2010s. This isn’t welcome news to most commercial real estate investors. However, some experts note
Hilton’s Homewood Suites has been in operation for many years, providing extended stay opportunities for people who need to travel for work, medical care, or a long holiday. Even so, Hilton’s announcement that it would create a new line of extended-stay hotels is turning heads. The brand hasn’t been named yet but CEO Chris Nassetta
AS SEEN IN AP NEWS (Click here to view on APNews.com) The Anvers Capital Partners team at Peak Commercial, is pleased to announce the listing of a prominent Bank of America office building located at 450 American Street in Simi Valley, California. The property presents a remarkable investment opportunity in a highly sought-after area of
While commercial real estate markets are facing unprecedented challenges, demand for retail space isn’t abating. Sellers in multiple industries are seeking space as they prepare for the economy to stabilize and for spending to pick up in the next few years. Demand for office space is down overall, but developers with high-quality office space in
