New York Community Bank (NYCB) reported its second consecutive quarterly loss as it struggles to stabilize operations and reassure investors.
Apartment market conditions continue to loosen, though deal flow increased for the second straight quarter amidst more favorable conditions for debt financing.
SL Green's strong performance offers a beacon of hope in Manhattan's tough office market, but widespread recovery remains distant amidst high vacancy rates.
In June, US housing starts increased by 3% to an annualized rate of 1.35 million, primarily due to a significant 19.6% rise in multifamily construction.
The CRE meltdown is spilling over into the bond market, with defaults mounting in a once-secure segment of mortgage bonds.
President Joe Biden plans to introduce a proposal today to cap annual rent increases at 5% for major apartment landlords.
Stephen Ross is stepping back from his New York-based company, Related Companies, to lead a newly formed, independent entity called Related Ross.
In testimony before the U.S. Senate Banking Committee Tuesday, Fed Chair Powell told the committee that a federal funds rate cut might be coming soon.
NYC’s housing crisis is at a breaking point with a 1.4% rental vacancy rate. Rising living costs and slowed development due to high borrowing costs are to blame.
Goldman Sachs analyst Caitlin Burrows reports that while the office market may have hit bottom, a return to normalcy will be slow and challenging.
Moody’s believes the US banking system can weather the incoming wave of loan maturities into 2025.
Street rates for self-storage units fell in May across all top metros, influenced by current economic conditions and high interest rates.