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White House, federal agencies urge more commercial-to-residential property conversions

Housing Wire

Department of Housing and Urban Development (HUD) announced today the launch of a new inter-agency initiative to encourage more property conversions of commercial buildings into residential units. HUD also released a new edition of its “ Evidence Matters ” publication dedicated to commercial-to-residential conversions.

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FOA agrees to sell commercial lending business to Roc Capital

Housing Wire

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The terms of the deal do not include the FOA commercial vertical’s financial assets, which are comprised of loans and securitizations, according to the 8K filing.

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Stewart Louisiana expands support for commercial title, hires underwriting counsel

Housing Wire

Stewart Title of Louisiana is expanding its support for commercial real estate transactions, through the addition of Ashley Coco as the firm’s Louisiana underwriting counsel, it announced Tuesday. Before joining Stewart, Coco was the lead attorney heading the commercial services department of Commerce Title in Baton Rouge.

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Will the Commercial Real Estate Rebound or Crash?

Marco Santarelli

In a compelling presentation at the Commercial Economic Issues and Trends Forum during the 2023 NAR NXT, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), indicated that the commercial real estate sector is poised for revitalization, calling on the Federal Reserve to consider a crucial move – cutting interest rates.

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How some commercial brokerages are beating the current market

Inman

Despite struggles in the commercial space dating from the beginning of COVID, some commercial brokerages have found a way to thrive, writes Atman Real Estate CEO Victoria Kennedy. Here's what they're doing.

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Commercial Properties in These Cities Are at the Highest Risk of Crashing

Bigger Pockets

After a whirlwind of struggles throughout the year, some of these high-value commercial properties are facing huge risks that could reshape their markets. See the full list here.

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Mobile Small Commercial Construction Booking 

GeekEstate

Today’s showcase: Spackle] A mobile solution helping find electrical, plumbing, painting, and concrete subcontractors for small commercial construction projects, Spackle connects service providers with commercial occupiers to manage and fulfill maintenance and improvement requests.