The Federal Reserve has maintained short-term interest rates at 5.25% to 5.5%, suggesting a possible increase in late 2023. This represents a halt in the continuous 17-month trend of rising borrowing costs.
NYC's hotel industry faced a pandemic-induced slump, but a robust resurgence is on the horizon.
2Q CRE sales volumes dropped 50% YoY but stayed steady from last quarter, per Green Street.
The CRE industry is navigating challenging waters with higher interest rates, limited financing options, and a slowing economy. Yet, promising developments ("green shoots") suggest potential growth opportunities.
The FDIC is struggling to sell $12.7B in mortgage-backed securities (MBS) from failed banks like Silicon Valley and Signature.
Demand for apartments appears to be stabilizing, with prices leveling off following months of growth.
Federal class-action suit targets Yardi Systems and 18 firms, alleging rent-fixing via RENTmaximizer tool to automate rent-hike cartel.
Developers in South Florida are in a rush to construct luxury apartments, risking an oversupply in the high-end market segment despite the continuing influx of wealthy newcomers.
Once an escape from city prices, suburbs now present a challenging financial landscape for renters.
Facing the threat of bankruptcy, WeWork (WE) intends to revisit and renegotiate the majority of its office leases as a strategic step to combat its persistent financial challenges and escalating losses.
While the office market panic shows signs of calming, risks persist.
The FDIC has initiated the sale of Signature Bank's loan portfolio, worth roughly $33B, unveiling a surprising twist.
