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New YorkNew York
+2+2
Commercial Real Estate Debt Market in Crisis

Commercial Real Estate Debt Market in Crisis

CMBS issuance drop puts commercial real estate market under pressure, stressing regional banks and potentially leading to a 50% drop in property prices.

Jordan B.
Jordan B.
New YorkNew York
+10+10
Olive Garden Parent Makes Big Bet on Fine Dining

Olive Garden Parent Makes Big Bet on Fine Dining

With an eye towards fine dining's continued outperformance of casual-dining eateries, Darden Restaurants Inc. is acquiring Ruth's Hospitality Group Inc., which consists of 154 units, for around $715 million.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+8+8
Interest-Rate Hedge Costs Skyrocket for CRE

Interest-Rate Hedge Costs Skyrocket for CRE

Interest-rate hedges, required for most floating-rate commercial real estate loans, are experiencing a significant surge in cost.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+9+9
Key Takeaways from JPM’s 2023 CRE Midyear Outlook

Key Takeaways from JPM’s 2023 CRE Midyear Outlook

Despite market uncertainty, sectors such as multifamily, industrial, and neighborhood retail continue to thrive. However, the outlook raises concerns over the Federal Reserve's plans to combat inflation.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+10+10
Deals Await Market Dislocation Resolution

Deals Await Market Dislocation Resolution

Institutional investors are waiting for CRE prices to drop and are looking to take advantage of situations where they can capitalize on distress in the tightening lending environment.

Jordan B.
Han-Gwon Lung
Jordan B., +1
New YorkNew York
+1+1
JPMorgan Chase Rescues First Republic Bank in Emergency Sale

JPMorgan Chase Rescues First Republic Bank in Emergency Sale

JPMorgan secured the acquisition of First Republic in an emergency government-led intervention. The bank will acquire First Republic's assets, which include $173 billion in loans. In addition, JPMorgan agreed to pay $10.6 billion to the FDIC. First Republic's failure ranks as the second-largest US bank failure.

Jordan B.
Jordan B.
New YorkNew York
+8+8
Genting's Miami Waterfront Lot Acquired for $1.2B

Genting's Miami Waterfront Lot Acquired for $1.2B

Terra is under contract to purchase a 15.5-acre waterfront site in Miami for $1.225B, marking one of the priciest land acquisitions in the country.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+11+11
Office Portfolio Concerns Weigh on Brookfield

Office Portfolio Concerns Weigh on Brookfield

Amid recent defaults and concerns over its office portfolio, Brookfield Corp. shares have fallen 7% since the asset manager spun off a 25% stake in Brookfield Asset Management in December.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
Office Space in the Sunbelt: Is the Heat Fading?

Office Space in the Sunbelt: Is the Heat Fading?

Office markets in popular Sunbelt cities are slowing down due to economic uncertainty and the shift to remote work. But not all Sunbelt markets are created equal.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+9+9
Pricier debt and signs of stress

Pricier debt and signs of stress

Investors are adjusting acquisition criteria due to higher risk, even though low leverage and all-cash buyers still dominate the net lease market.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
Bed Bath & Beyond Goes Bankrupt as Turnaround Flops

Bed Bath & Beyond Goes Bankrupt as Turnaround Flops

After losing shoppers and money for months, Bed Bath & Beyond, the once-dominant home goods retailer, has filed for bankruptcy protection.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
New YorkNew York
+10+10
Goldman Sachs is Betting Big on Affordable Housing

Goldman Sachs is Betting Big on Affordable Housing

Amidst the housing affordability crisis in the US, Goldman Sachs has seized the opportunity to invest in affordable housing by acquiring a $1.15B portfolio.

Han-Gwon Lung
Jordan B.
Han-Gwon Lung, +1
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