Core Insights - Peter Thiel connects rising home prices to inflation, emphasizing that rent is a significant cost for lower-middle-class individuals, more so than groceries or eggs [1] - A Reuters poll indicates that U.S. home prices are expected to rise by only 1.4% in 2026, suggesting a slowdown in growth compared to previous years [1] - The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows a 45% increase in home prices over the past five years, indicating that the average value of a single-family home has nearly doubled [2] Housing Market Dynamics - Thiel highlights that population growth in cities leads to disproportionate increases in house prices, which rise by 50% while salaries do not keep pace, resulting in wealth transfer from younger generations to older homeowners and landlords [3][6] - The inelastic nature of real estate, particularly in areas with strict zoning laws, exacerbates the housing crisis [3] - Federal Reserve Chairman Jerome Powell has echoed concerns about the ongoing housing shortage, stating that there is not enough housing supply to meet demand [7] Housing Shortage Statistics - The U.S. faced a housing shortage of 4.7 million properties in 2023, despite the addition of 1.4 million new homes [8] - Elevated mortgage rates are a significant barrier for many Americans trying to enter the housing market, with rates projected to average 6.28% in 2026 [9] Investment Opportunities - The article discusses various investment strategies in real estate, including fractional ownership and crowdfunding platforms, which allow individuals to invest in rental properties with lower capital requirements [13][18] - Commercial real estate, particularly grocery-anchored properties, is highlighted as a resilient investment option amid high vacancy rates in other sectors due to the pandemic [20][22] - First National Realty Partners (FNRP) offers opportunities for accredited investors to invest in essential goods properties, with a minimum investment of $50,000 [22][23]

Date: 23 December 2025 Release: After closing of Euronext Please open the following link to read the full report including annexes: Attachment PR 2025 12 23 UK Heading ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Bringing Alternatives to DC Plan Participants Tops 2026 Regulatory Priorities “While much of year one of Trump 2.0 was spent getting key officials in place and navigating the longest government shutdown in U.S. history, experts expect year two to be busy at regulators like the Securities and Exchange Commission and Department of Labor, with the administration’s push to broaden access to private ma ...

Denver, CO, Dec. 21, 2025 (GLOBE NEWSWIRE) -- In commercial real estate, environmental problems can turn a promising investment into a costly lesson. A single overlooked issue can delay financing, devalue property, or even stop a deal from closing. Environmental risks do not only threaten land. They can also threaten deals, reputations, and investments. For buyers, sellers, lenders, and investors, understanding how to identify and manage these risks can mean the difference between a profitable closing a ...

The sale-leaseback features a 15-year lease with extension options. Empire State Realty Trust will assume responsibility for ongoing property maintenance and capital improvements, while Scholastic retains long-term access to the space necessary for its business operations. About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of servic ...

Core Insights - The commercial real estate sector is showing signs of improvement as analysts and industry executives express optimism for 2026, driven by positive economic growth and easing trade concerns [2][3]. Market Outlook - Jones Lang LaSalle (JLL) reports a more positive outlook for 2026, citing improving market fundamentals such as positive economic growth, moderating inflation, and lower interest rates contributing to a stable operating environment [2]. - The real estate capital markets have strengthened significantly in the second half of 2025, with expectations for continued activity in 2026 as lender appetite broadens across property sectors [3]. Sector Performance - Office and industrial space leasing is projected to increase globally, particularly in major markets like the U.S., India, and the UK, indicating a recovery in demand [5]. - JLL's CEO noted that both occupier and investor clients are motivated to transact, reflecting broad-based activity across capital markets and improvements in large deal activity [6]. Technology Impact - The AI infrastructure boom is expected to drive demand for data centers, with leasing demand strengthening across various markets and property types in 2026 [4]. - American Tower and Equinix reported strong quarterly results, with American Tower benefiting from increased demand for mobile data and Equinix closing over 4,400 deals, reflecting continued demand for latency-sensitive workloads [7][8]. Construction Trends - Deloitte's 2026 Commercial Real Estate Outlook indicates cautious optimism, noting that global investment volume declines have reduced for six consecutive quarters, with the first year-over-year increase since mid-2022 observed in early 2025 [9]. - Construction activity outside of data centers is expected to remain soft into early 2026, but easing policy uncertainty and federal tax incentives may encourage a rebound in construction spending later in the year [10].

Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Ravelin Properties REIT (TSX: RPR.UN) ("Ravelin" or the "REIT"), an internally managed global owner and operator of well-located commercial real estate, announced today that G2S2 Capital Inc. ("G2S2 Capital") has, at the request of an independent committee of the board of trustees of the REIT, agreed to extend the forbearance period on certain loans of the REIT in the aggregate principal amount of approximately CAD$528.3 million and US$45.5 million ( ...

MIAMI, Dec. 17, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces the Company has arranged a $630 million refinancing loan for 830 Brickell, a newly delivered Class-A office tower in the heart of Brickell, Miami's premier live-work-play neighborhood. Newmark's Co-President of Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scri ...

Financial Data and Key Metrics Changes - The company reported record quarterly revenue of $2.3 billion, a 5.4% year-over-year increase, driven by 4.8% organic growth and contributions from a recent acquisition in Ireland [15][16] - Adjusted EPS was $0.88, reflecting a $0.26 headwind from prior-year self-insurance adjustments, indicating strong underlying performance when adjusted [17][24] - Adjusted EBITDA was $124.2 million with a margin of 5.6%, compared to $125.6 million and 6% in the prior year, impacted by prior-year self-insurance adjustments [17][18] Business Line Data and Key Metrics Changes - Business and Industry (B&I) revenue surpassed $1 billion, up 2% year-over-year, with operating profit of $80.6 million and a margin of 7.7% [18] - Aviation revenue grew 7% to $296.7 million, with operating profit of $16.8 million and a margin of 5.7% [18][19] - Manufacturing and Distribution (M&D) revenue increased 8% to $417.4 million, with operating profit of $35.8 million and a margin of 8.6% [19][20] - Education revenue rose 2% to $233.7 million, with operating profit increasing 44% to $18.8 million and margins expanding to 8% [20][21] - Technical Solutions revenue increased 16% to $298.7 million, with operating profit rising 32% to $37.1 million and a margin of 12.4% [21] Market Data and Key Metrics Changes - The company noted strong demand across key end markets, particularly in technical solutions, aviation, and manufacturing and distribution, indicating a healthy market environment heading into fiscal 2026 [10][11] - The acquisition of WGNSTAR is expected to strengthen the company's position in the semiconductor market, which is experiencing multi-year growth due to U.S. semiconductor onshoring [8][10] Company Strategy and Development Direction - The company is focused on enhancing its portfolio and expanding technical and data-enabled capabilities, aiming for long-term growth [29][30] - The acquisition of WGNSTAR is seen as a strategic move to penetrate the semiconductor sector, which has a low current outsourcing rate, providing significant growth opportunities [8][54] - The company plans to continue investing in AI capabilities and ERP implementation to improve operational efficiency and unlock new revenue streams [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum heading into fiscal 2026, expecting organic revenue growth of 3%-4% and adjusted EPS in the range of $3.85-$4.15 [11][24] - The restructuring program is expected to yield annual savings of $35 million, with most benefits realized in fiscal 2026 [9][11] - Management highlighted the importance of maintaining operational excellence and adaptability in a complex operating environment [10][29] Other Important Information - The company ended the year with total indebtedness of $1.6 billion and available liquidity of $681.6 million [22][23] - Free cash flow for the fourth quarter was $112.7 million, significantly improved from the prior year [23] Q&A Session Summary Question: What are the drivers behind the relatively flat margin outlook for 2026 despite restructuring savings? - Management explained that the new Segment Operating Margin metric reflects the operating health of the business and incorporates some mix and pricing decisions affecting margins [32] Question: Can you discuss the strategic attraction of the WGNSTAR acquisition? - The acquisition is compelling due to the growth potential in the semiconductor space, allowing the company to penetrate fabrication centers where it previously could not operate [33][35] Question: What is the outlook for pricing concessions in the B&I business? - Management indicated that pricing discussions have stabilized and are not as dramatic as in previous quarters, reflecting a normalization in the market [38] Question: Can you provide details on the remaining pieces of the ERP roadmap for 2026? - The majority of transactions are now on the new ERP system, with a few less complex groups remaining to be integrated, which is expected to enhance cash flow [40] Question: What is the expected free cash flow for 2026, considering one-time items? - The normalized free cash flow target is around $250 million, with several one-time costs expected to reduce this figure to approximately $185 million [42] Question: What is the expected EBITDA margin for WGNSTAR and the anticipated synergies? - WGNSTAR has mid-teen EBITDA margins, and the company expects significant revenue synergies from cross-selling opportunities in the semiconductor space [56]

Market Trends & Outlook - Expecting 15 亿 (billion) 美元的疫情前租赁到期将在 2025 年末至 2027 年初出现，这将是十年内最大的到期量，市场将在明年迎来重大调整 [1] - 租户需求方面，72% 的租户寻求相同或更大的办公空间 [1] - 收缩期已经过去，市场正走向稳定 [2] - 员工与雇主对办公模式的期望趋于稳定，每周约三天在办公室办公 [3] Industry Dynamics - 科技行业正在经历显著增长，主要集中在旧金山、硅谷和纽约，波士顿、达拉斯、西雅图和芝加哥也开始出现增长 [4] - 人工智能行业引领增长，许多成立不到三四年的公司正在寻求超过 10 万平方英尺的办公空间 [4] - 新一代公司致力于办公室办公，认为办公室是提高生产力、创新和竞争力的场所 [5]