Archive

New YorkNew York
+9+9
ICSC: Retail is 2023 CRE’s Golden Child

ICSC: Retail is 2023 CRE’s Golden Child

Attendees at ICSC Las Vegas expressed optimism for the retail sector. Jeff Gural won the NY's Flatiron Building bid, resolving the previous auction drama. Meanwhile, downtown LA's office distress indicates the upcoming challenges for cities nationwide.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
Watch Out Airbnb: Extended-Stay Hotels Are Here

Watch Out Airbnb: Extended-Stay Hotels Are Here

Hilton and Marriott are launching new extended-stay brands for guests looking for 20+ nights as travel and work habits change.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+12+12
PacWest Offloads $2.6B in CRE Loans to Kennedy Wilson

PacWest Offloads $2.6B in CRE Loans to Kennedy Wilson

PacWest sells real estate loans worth $2.6B to Kennedy Wilson to boost liquidity.

Jordan B.
Han-Gwon Lung
Jordan B., +1
"Cyclical Reset" Looms for Industrial Real Estate

"Cyclical Reset" Looms for Industrial Real Estate

Cushman & Wakefield's Industrial Construction report reveals a slowdown in demand as construction completions reach their peak, signaling a shift towards a more balanced market.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
Sam Zell, Real Estate Mogul, Dies at 81

Sam Zell, Real Estate Mogul, Dies at 81

The real estate world lost one of its greats this week as Sam Zell, the outspoken real estate billionaire and founder of Equity Residential (EQR), passed away at age 81.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+9+9
Shvo's $1B Office Gamble

Shvo's $1B Office Gamble

Developer Michael Shvo hopes to revitalize San Franscisco’s dying downtown office market with a $1B transformation of the iconic Transamerica Pyramid.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
A New Chapter for the Office Market

A New Chapter for the Office Market

At the start of the year, trends showed a surge in office returns. That movement has since stalled, with most offices remaining half-empty as companies settle into hybrid work plans (no shock there). Meanwhile, other CRE sectors are still finding favor thanks to their strong fundamentals.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+2+2
Goldman Sachs Warns: Vornado REIT Nearing Debt Breach

Goldman Sachs Warns: Vornado REIT Nearing Debt Breach

Vornado Realty Trust (VNO) faces default risk on $2.6B loans due to rising costs and Penn Station project, warns Goldman Sachs. Debt coverage ratio may breach covenants, triggering loan and credit line default.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+9+9
CRE Distress Climbs in Majority of 50 Largest MSAs

CRE Distress Climbs in Majority of 50 Largest MSAs

Based on data from CRED iQ, there has been a noticeable surge in distressed commercial real estate (CRE) loans. Recent studies reveal significant increases in several major metropolitan statistical areas (MSAs), with certain regions witnessing jumps of up to 2.5%.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+12+12
Q1 Sees 56% Drop in CRE Loan Originations

Q1 Sees 56% Drop in CRE Loan Originations

Commercial and multifamily property borrowing and lending hit a seven-year low in Q1, traditionally the calmest quarter of the year.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+9+9
The Fed is Keeping a Close Eye on CRE

The Fed is Keeping a Close Eye on CRE

The Federal Reserve's Financial Stability Report highlights concerns about rising interest rates in the commercial real estate industry, as professionals and academics weigh in on their top economic worries.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+9+9
5 Out of 6 Largest CRE Brokerages Report Q1 Losses

5 Out of 6 Largest CRE Brokerages Report Q1 Losses

Major real estate brokerages expect tough months ahead due to economic challenges and predict an uptick in commercial property activity in early 2024.

Jordan B.
Han-Gwon Lung
Jordan B., +1
FirstBack
3233343536373839
Next Last