Contrary to popular belief, local and regional banks do not hold 70% of US CRE debt, as previously reported. They hold a much lower percentage, around 32%.
Brookfield Asset Management sees now as the best opportunity to buy commercial properties in over a decade. The opportunistic tone comes on the heels of increased second-quarter earnings and strong real estate fundraising.
The NYC rental market is experiencing record-high apartment rents. Still, signs suggest that rents may be reaching a price ceiling, with declining leasing volume and an affordability threshold playing a role.
PLUS: 55% of US pre-pandemic office leases have not yet expired
South Florida's multifamily market is cooling, with occupancy rates declining to 95% in Q2, a 2% YoY drop, according to Berkadia.
PLUS: Major REITs have stopped originating new loans
Despite lower leasing activity, U.S. industrial rents hit an all-time high in Q2, averaging $9.59 per sq ft, a remarkable 16.1% YoY rise.
Amid an economic downturn and high interest rates, four major investment firms are leading a new wave of nontraded REITs.
JLL is the first major commercial real estate brokerage to launch its large language model (LLM) artificial intelligence product called JLL GPT.
Trepp's recent study on CMBS office-secured loans in the commercial real estate sector indicates significant value losses across different building age groups, debunking previous optimism surrounding office property valuations.
Nationwide, property prices are on a downward trend, with sales volumes significantly dropping in June. This fall in prices isn't just affecting large, high-profile properties, but it's also impacting smaller markets and properties.
The Apartment Association of Greater Los Angeles (AAGLA) has sued the city of LA, aiming to terminate the current rent freeze on rent-stabilized units, impacting nearly three-quarters of the city's apartments.
