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Wall Street Journal
Commercial News

7/27/16

WSJ.com: Commercial Real Estate

Facebook's Answer to Silicon Valley Housing Crunch: Build Apartments
Concerns about Silicon Valley?s housing shortage are turning Facebook into an apartment developer.

Excess Rooms Push Hotel Owners to Cut Rates in China
A glut of hotel rooms in Chinese cities is forcing owners to slash rates in a bid to attract customers.

EverBank in Talks to Be Acquired for $2.5 Billion
EverBank said it is in advanced negotiations with a financial services firm to be acquired for roughly $2.5 billion, potentially leading to one of the biggest banking takeovers since the financial crisis.

Investors Go Bargain-Hunting for U.K. Property
Global investors are on the hunt for U.K. property bargains, expecting that Brexit-fueled economic turmoil could weaken real-estate values. The drop in the value of sterling has only increased the appeal.

Big Chinese Developers Push Into Hong Kong Market
China?s property developers are aggressively bidding for prime public land in Hong Kong as competition heats up in a sector where Asia?s wealthiest tycoons built their fortunes.

Arkansas Bank Fills a Lending Void
Bank of the Ozarks has stepped into a void left by bigger banks that have pulled back from commercial lending in recent months amid softness in big markets such as New York and Houston.

Wells Fargo's Response to Brexit? Buying in London's Financial District
Wells Fargo agreed to spend about $400 million on a new property in London and consolidate its operations there, a move that comes just under a month after U.K. voters chose to leave the European Union.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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