Seven Must Reads for the CRE Industry Today (May 19, 2021) A start-up owned by Warren Buffett is betting on modular construction, reports The Wall Street Journal. CBRE research shows that the commercial real estate lending market remained resilient in the first quarter of the year. These are among today’s must reads from around the commercial real estate industry.
Investors Bet on Commercial Real Estate, Undeterred by Empty Offices and Hotel Rooms “More than a year into the pandemic, high-rise office buildings are largely empty. About one of every two hotel rooms is unoccupied. Malls are struggling to attract shoppers. And yet by most measures, the U.S. commercial real-estate market is in remarkably solid shape. Prices fell far less than after the 2008 financial crisis and are already rising again. The number of foreclosures barely increased. Pension funds and private-equity firms are once again spending record sums on buildings.” (
Berkshire Hathaway s Warren Buffett adds stake in Aon insurance brokerage
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Old warhorse beats Tesla and meme stocks on Wall Street
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Last Updated: May 16, 2021, 06:12 PM IST
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Synopsis
The cyberattack on Colonial Pipeline Co.’s fuel distribution line along the U.S. Eastern Seaboard didn’t do much damage to refining stocks, as a prolonged shutdown was avoided.
Reuters
Oil & gas shares are up 40% this year compared with a 11% gain in the broad equities benchmark.
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By Michael Bellusci
It’s going to take more than a pesky pipeline shutdown to knock energy stocks off their pedestal as this year’s best performing group in the S&P 500. Indeed, while the market focuses on popular meme stocks, alternative energy plays, tech and Tesla, the best place to make money in 2021 has been that old warhorse, the crude patch.