CRE Daily

CRE Daily
Archive
Page 34

Multifamily Sector Faces $8B Maturity Wall in Fall

Uncertainty looms as an immense wall of hard-to-refinance multifamily debt approaches in October and November, leaving questions about how lenders will navigate this significant challenge.

Jordan B., +1

New YorkNew York

+11+11

Jun 28, 2023

Rising Star: Fort Worth's Real Estate Boom

Fort Worth, TX, is emerging as a new CRE boomtown, with a total of $2.3B of projects under construction or in the pipeline, consisting of around 5K new apartments, office space, and mixed-use developments.

Jordan B., +1

New YorkNew York

+12+12

Jun 27, 2023

Prologis Strikes Year's Largest Industrial Deal for Blackstone Portfolio

In a record-setting deal for the year, global industrial real estate giant Prologis is set to buy 14 MSF of US logistics properties from Blackstone (BX) for $3.1B.

Jordan B., +1

New YorkNew York

+3+3

Jun 26, 2023

US Office Values Unlikely to Rebound Before 2040

According to Capital Economics, the golden era of US office buildings might be on a long hiatus, with pre-pandemic values not expected to rebound until at least 2040, thanks to the dwindling demand for desk space.

Jordan B.

New YorkNew York

+8+8

Jun 23, 2023

Distressed CRE Loans Surge to $64B: Retail, Office Bear Brunt

The expected surge in distressed CRE assets is approaching; Q1 saw a 10% rise, reports MSCI.

Jordan B., +1

New YorkNew York

+11+11

Jun 22, 2023

Recourse Only': Investor's Worst Fear

The phrase "recourse only" is causing fear among investors, developers, buyers, and owners seeking loans or refinancing options, signaling a risk of losing all assets beyond the property value.

Jordan B., +1

New YorkNew York

+10+10

Jun 21, 2023

Investor Pessimism Shadows America's Downtowns

Wall Street seems to be growing skeptical about the future of American city centers.

Jordan B., +1

New YorkNew York

+10+10

Jun 20, 2023

Shifting Power in Condo-Hotel Projects

The power struggle between residents and commercial lot owners at condo-hotels could have a chilling effect on future projects.

Jordan B., +1

HospitalityHospitality

+3+3

Jun 19, 2023

The Enduring Strength of Commercial Real Estate

Despite economic setbacks, the $15T US commercial real estate industry remains resilient. San Francisco's market is struggling as property owners halt loan payments and surrender keys to lenders. Brookfield, having faced losses on two L.A. towers, now grapples with financial difficulties in its $1 billion mall portfolio.

Jordan B.

New YorkNew York

+9+9

Jun 16, 2023

Boulder Office Eviction Looms for Twitter

Twitter faces office loss amid lawsuits. Fed Chair Powell unfazed by declining CRE property values. FL property owners brace for steep commercial insurance rate hikes. Rates may surge by 45-50%, doubling in some cases.

Jordan B., +1

New YorkNew York

+8+8

Jun 15, 2023

Thanks, Powell: Rate Hike Relief is Here (For Now)

After ten rate hikes and three major bank failures, the Fed decided to hold the benchmark interest rate steady. Starwood Capital (STWD) aims to sell 2,000 single-family rentals purchased in 2021. Meanwhile, developers foresee New Yorkers moving to Jersey City for cheaper, larger apartments.

Jordan B., +1

New YorkNew York

+14+14

Jun 14, 2023