Extra Space and Life Storage have agreed to a whopping $12.7B merger that will create the largest storage operator in the nation.
McDonald's is closing its US offices temporarily and asking corporate employees to work from home for three days to communicate layoff decisions remotely, canceling in-person meetings at its headquarters.
The NRF is placing its bets on the resilience of the American consumer, confident that they will weather the storm of ongoing inflation and economic uncertainty.
Concerns about debt create worries for banks, but not all product types, locations or debt may be in trouble.
Dallas has 90,739 vacant acres and Fort Worth follows with 74,835, and while some view this as stagnation, Dallas sees it as a chance for new development in the thriving North Texas area.
Money managers bet against office landlords due to regional banking crisis reducing credit availability to already struggling owners affected by pandemic and rising interest rates.
The unexpected bidder for the NYC landmark was supposed to submit $19 million by Friday, but apparently doesn’t have the bread.
Global real-estate manager Hines has completed the biggest grocery-anchored retail purchase since 2022, as grocery stores continue to stand up to economic headwinds.
A report by the Mortgage Bankers Association (MBA) found that commercial and multifamily mortgage debt grew by a staggering $324B last year, the second biggest annual bump since 2007.
The recent setbacks at Signature Bank and other regional banks are adding to the industry's existing strain. The potential surge of defaults on office and other loans could compel banks to reduce their value.
New York Community Bank's agreement with Signature Bank involves the acquisition of loans, but notably excludes the multifamily mortgages and commercial real estate loans of the distressed financial institution.
In February, there was a rise in new home construction in the US for the first time in six months, primarily driven by a notable increase in the initiation of multifamily projects.
