Retail vacancy dropped to 5.3% in Q2 2024, the lowest in 20 years, with 1.4M SF absorbed despite slower consumer spending.
SL Green's strong performance offers a beacon of hope in Manhattan's tough office market, but widespread recovery remains distant amidst high vacancy rates.
In June, US housing starts increased by 3% to an annualized rate of 1.35 million, primarily due to a significant 19.6% rise in multifamily construction.
The CRE meltdown is spilling over into the bond market, with defaults mounting in a once-secure segment of mortgage bonds.
President Joe Biden plans to introduce a proposal today to cap annual rent increases at 5% for major apartment landlords.
Student housing pre-leasing for Fall 2024 shows continued growth but at a slower pace than in previous years.
Apartment deals with delinquent or specially serviced CMBS loans surged 185% from January to late June, per CRED iQ.
Stephen Ross is stepping back from his New York-based company, Related Companies, to lead a newly formed, independent entity called Related Ross.
Distressed investors are seizing a rare chance to buy troubled US CRE assets, with private equity firms leading the charge.
In testimony before the U.S. Senate Banking Committee Tuesday, Fed Chair Powell told the committee that a federal funds rate cut might be coming soon.
Apartment demand in the U.S. has seen a remarkable surge in the second quarter of 2024, showing impressive absorption figures.
Despite the belief that commercial real estate troubles are hitting smaller or regional banks the hardest, big banks are currently showing the most strain.