Mark Saal's Blue Owl Capital is in the midst of a major reinvention in response to changes in the commercial real estate industry.The New York-based investment asset manager with a large Chicago presence is looking to expand into commercial real estate private credit through a combination of acquisitions, hiring and other strategies, according to a report from Real Estate Capital USA. Blue Owl aims to build its debt book through originating loans, pursuing transactions in the securitization market and purchasing loans from traditional lenders. This shift in strategy is being driven by tougher lending standards and rising interest rates that…
Author: Private Lending Agent
Jackson Walker LLP is pleased to announce that partner Timothy C. Taylor will receive the 2024 Austin Business Journal Commercial Real Estate Award's W. Neil Kocurek Lifetime Achievement Award. This prestigious award recognizes an individual who has made a lasting impact on the real estate industry and the greater Austin region. Named in honor of one of Austin's most respected civic leaders, Neil Kocurek, former president and CEO of St. David Healthcare, the award serves as a testament to an individual who has left a lasting mark on the community. Tim's recognition at the event honors his contributions to the…
Meanwhile, San Francisco has seen its valuations fall 18% since the start of 2022 and 8.2% since 2019. This is likely due to the lingering effects of a high concentration of technology tenants and a more rapid adoption of remote work at the onset of the pandemic, compounded by rising crime rates and quality of life concerns.18 Vacancy rates soared and building values fell. San Francisco has since recovered slightly in the wake of the emergence of generative artificial intelligence. Around 20% of the tech talent pool is based in the Bay Area, and although several large leases by AI…
Insurance is a tricky topic, especially when it comes to starting a business. The products are complex, and it’s easy to feel intimidated by the jargon. On the other hand, insurance is an important way to protect your business, and if you ever end up relying on commercial insurance, it can be the difference between an unfortunate situation and a total disaster. Getting the lay of the insurance landscape before you sit down to talk to a professional can help you understand both the process and which insurance products your business might need as it grows. And if you’re still…
Meanwhile, San Francisco has seen its valuations fall 18% since the start of 2022 and 8.2% since 2019. This is likely due to the lingering effects of a high concentration of technology tenants and a more rapid adoption of remote work at the onset of the pandemic, compounded by rising crime rates and quality of life concerns.18 Vacancy rates soared and building values fell. San Francisco has since recovered slightly in the wake of the emergence of generative artificial intelligence. Around 20% of the tech talent pool is based in the Bay Area, and although several large leases by AI…
WASHINGTON—Representative Lisa McClain (R-MI), Chair of the Health Care and Financial Services Subcommittee of the House Oversight and Accountability Committee, delivered opening remarks today at a hearing titled, “Removing Regulatory Impediments to Ensuring the Health and Continued Strength of the Commercial Real Estate Market.” Chair McClain discussed how the Biden Administration's policies during and after the pandemic have hurt American businesses and put the strength of the commercial real estate market at risk. Below is the full statement from Subcommittee Chairman McClain. I will now make my opening statement. I would like to thank the witnesses who appeared before the…
Using a grant to fund or expand your small businesses in Texas can be appealing. Unlike small-business loans, grants are free forms of funding that you don’t have to pay back. However, getting a Texas small-business grant requires an investment — time to research business grants you’re eligible for and complete applications.A number of Texas small-business grants are offered through state programs, but there are also business grants offered by Texas cities as well as a few national grants that are available to small businesses operating anywhere in the U.S.We’ll start with a brief questionnaire to better understand the unique…
Small business grants are especially attractive if you're starting or expanding a business in Florida because they can provide your business with funding that doesn't have to be paid back. Business grants are available for a wide range of purposes, from covering administrative and business expenses to funding research projects and beautifying your storefront.Our list of small business grants for Florida businesses includes both state-specific and national options.To better understand the unique needs of your business, we'll begin by completing a short survey.Once you find your perfect match, our team will be happy to guide you through the next steps…
Many struggling property owners were hopeful that interest rates would finally come down earlier this year. But that no longer appears to be the case. The March Consumer Price Index report showed that inflation rose 3.5% year over year, leading economists to postpone predicting when interest rates will come down. There will likely not be as many rate cuts this year as expected. Some, like JPMorgan Chase CEO Jamie Dimon, believe interest rates may rise again in the future.If interest rates remain high for a long period of time, it will undoubtedly become even more painful for property owners. Industry…
In this episode of “The Inside Look,” Senior Commercial Real Estate Economist Xander Snyder discusses the two main categories of distress — liquidity shortages and bankruptcies — and their unique impacts.For more insights from First American Title NCS, watch below and subscribe to the CRE Insider blog: Transcript: Hello, I'm Zander Snyder and this is First American's Inside Look.Commercial real estate is a credit-intensive business, which means that debt is a significant factor in acquiring commercial property. Interest rates, the cost of debt, affect commercial real estate in two main ways. First, higher interest rates make a building less profitable…