US commercial real estate investing opportunities favored core property sectors for decades. But recent market forces and new leadership could knock down long-established pillars. Traditionally, commercial real estate owners and investors built portfolios of properties by selecting from a wide array of high-quality assets defined within four core property types: office, industrial, retail and apartment. A diversified portfolio of these core assets provided consistent income from rental growth, sustained value appreciation and minimal variability in performance.1 This approach was generally enough to meet investor objectives and even outperform other financial assets...
Former boxer Floyd Mayweather Jr. isn’t exactly living up to his nickname “Money” after boasting about his investment in 62 apartment buildings in Manhattan. In October, Mayweather announced that he and Josh Gotlib’s Black Spruce Management had closed a $402 million deal for over 1,000 apartment units in Upper Manhattan, although at the time Mayweather asserted that his company Vada Properties was the lone investor.SEE ALSO: West Harbor Capital Sells SoCal Industrial Building for $38M “All the buildings belong to me, I don’t have no partners,” Mayweather, who has been...