This past week, thousands of real estate professionals descended upon San Diego to attend the NMHC Apartment Strategies Conference and Annual Meeting.
2023 saw a modest 1.6% increase in multifamily rental asking rents nationally, but upcoming trends signal a notable shift in the market, says Yardi Matrix.
CRE prices are converging to the downside across sectors—industrial being the only exception.
Premier office towers, which have so far avoided the fate of the wider office sector, are finally struggling.
Landlords’ increasing leverage is sign of retail real estate’s recent strength
In 2023, the U.S. hotel industry thrived, led by Dallas with 193 new hotels. Meanwhile, MSCI data showed financial challenges in commercial real estate.
Property insurance rates have increased by 26% on average since last year.
Plus: The SEC is scrutinizing the CRE loan exposure of smaller banks and forcing some of them to enhance their disclosures.
In 2023, U.S. commercial real estate transactions fell by over 50%, but discount-seekers were disappointed as prices remained high.
Plus: Office landlords resort to good, old-fashioned financial engineering to inflate property values.
Plus: RXR and Ares Management join forces on new NYC office fund.
Blackstone has finalized a deal to acquire Tricon Residential for a substantial sum of $3.5 billion
