Ready Capital and Broadmark Realty Capital plan to merge and become the fourth-largest commercial mortgage REIT, worth $2.6B, before Q2 wraps.
Apartment rents are likely to keep declining in the upcoming months due to the largest delivery of new apartments in almost 40 years.
Commercial property prices in January fell at the fastest annual rate since the Global Financial Crisis, per a new MSCI report.
Where many analysts see gloom and doom in the CRE market, Bruce Flatt, CEO of Brookfield Asset Management (BAM), sees a silver lining.
Despite the economy getting off to a surprisingly robust start, the group still foresees a moderate recession and has revised their forecast for the expected commencement to Q2 2023.
Rupert Murdoch's aspirations to strike a deal have been foiled, as News Corp's efforts to sell one of its high-value real estate assets have fallen apart.
US office real estate to see more distress in 2023 due to expensive debt, weak demand, falling prices, and possible recession.
The commercial property market puts CMBS on thin ice as rising interest rates cut into lending volume and defaults spook investors.
One of NYC's top property sales team leaves Cushman & Wakefield for rival Newmark Group amid a tough office building market.
The last two years have seen demand fly off the charts, with rents rising accordingly. But since all good things must eventually come to an end, that kind of rent growth was unsustainable.
Manhattan is losing $12.4B annually due to remote work, as employees are absent from the office on Mondays and Fridays, resulting in reduced spending on meals and entertainment in the vicinity of their workplaces.
Brookfield has defaulted on $784M worth of loans connected to two of its trophy office towers in Downtown L.A.
